The world's No.1 heavy machinery maker is telling miners not to rest on their laurels now that the industry is finally coming back up from a brutal downturn and keep focused on maximizing returns and efficiency.
Copper Mining News
The company is reviewing its copper output guidance for 2017 as industrial action at its largest copper mine enters its third week Thursday.
The world's number five diversified miner posted its first annual net profit in five years.
Net profit was $3.2bn for the six months to December 31, compared with a loss of $5.7bn in the same period a year earlier.
Top listed copper producer Freeport says negotiations with Indonesia going nowhere – will slash production at iconic mine by 60%.
While the copper market is gaining momentum, it is a good time to look at the copper mining champions in terms of copper grade in ore reserves.
Rebuttal comes as shareholders launched an investigation over possible false and misleading statements made by the miner about its Pebble copper-gold project in Alaska.
Report by the Mining Association of Canada (MAC) says the country is not in a good position to benefit from the increasing number of companies ready to make new and significant investments.
The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
Majors and juniors swap roles in $7 billion a year mining exploration sector
The firm, North America's No.1 producer of coking coal, benefitted from the price rally — steelmaking coal climbed 155.5% to $207 in the quarter.
Shares in the Canadian miner behind the stalled Pebble copper-gold project in Alaska nosedived after a report branded the venture as “worthless.”
The meeting is not a return to mediation but an attempt to agree to return to the negotiating table, the union said.
The firm has not been able to ship copper from the mine in over a month due to a ban on concentrate exports that kicked in on January 12.
Glencore is upping its presence in the African mining landscape through the purchase of stakes in two mines it already partially owns.
EY’s Canadian Mining Eye index declined 13% in the last quarter last year as weak gold and nickel prices offset copper and zinc gains.
The miner attributed the good results to higher metals prices, increased gold and copper output and productivity improvements.
A leaked White House memo, which outlines the suspension of a portion of the Dodd-Frank rule on ‘conflict minerals’, will exacerbate already high levels of violence in DR Congo.
Copper hits 20-month high after world's number one miner says can't honour supply contracts from Escondida, responsible for 5% of global output.
The miner says the decision is clearly “abusive” and it evidences “an excess of jurisdiction,” reason why it will appeal the resolution.
Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.
Expansion has the potential to increase production to 140,000 barrels of oil per day from the about 80,000 barrels it currently generates.
Vancouver company pays $65 million cash for a 4% stream on El Morro deposit, half of NuevoUnion, its joint venture with Teck.
World number five producer adding 600,000 annual tonnes in six years.