While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
Copper Mining News
The world's no.1 heavy machinery maker reported third-quarter earnings that topped analysts’ estimates, but said the ongoing trade dispute resulted in $40 million in extra costs for materials in the period.
Precious metal minersaid the target represents "a high priority" for further exploration given its large size.
'There have been tenders, lots of meetings, lots of promotional activities, but it’s only today that we have for the first time a legal document'
The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO
Previ intends to reduce its stake in the miner over the medium-term.
He is said to have already begun training three to four people to succeed him in the job.
The mine has been closed since 2015 after Yukon Zinc lost over $100 million in each of the three years it was in production.
Private equity firm Waterton Global Resource Management, which now owns about 7 percent of Hudbay, called meeting after the Canadian base and precious metals refused a proposal for board changes.
The aim of the project is to improve the livelihoods of the beneficiary community and regional economy - Mining Ministry
The company is also seeking direct talks with the country's government, as it's been excluded so far from negotiations between controlling shareholder, Barrick Gold, and President John Magufuli.
The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.
Waterton Global Resource Management has expressed its concerns to Hudbay Chairman Alan Hibben, telling him that it would reserve the right to do anything it deemed necessary to improve the company’s performance, said sources.
The activists expressed their complaints at the European Parliament.
With its biggest stock overhang and a deal around its flagship asset in Indonesia close to being solved, the miner has said all options are open, even potentially a sale of the entire company.
Another executive pulls out of conference due to widespread concern about the fate of journalist Jamal Khashoggi.
Mining companies operating in Zambia will still meet their operational costs even after the government imposes higher taxes.
BHP Billiton Ltd. is boosting sales of the top-quality nickel that’s needed for electric vehicle batteries, another sign that the world’s biggest miner is targeting more opportunities in the booming sector.
Though we have not seen a material impact on our business, we remain cautious in the near term
The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.
The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.
The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.
World warehouse stocks are dropping, down 50% since the first of April.
The copper market is currently experiencing a squeeze on physical metal which is unexpected.
First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.