Systematic cost cutting has taken some strain off Teck's balance sheet over the last few years as metal prices have slumped.
Copper Mining News
The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.
A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.
The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.
ICSG study forecasts global copper output growing at a robust average annual rate of 4% to reach 26.5 million tonnes a year in 2019.
Investors shrug news of $1.5 billion share issue to welcome halt of copper disposals after $4 billion assets sold just this year.
The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.
CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.
Faced with declining domestic production, China's top copper company — Minmetals — said earlier this year that the "only solution” was going overseas, and many are following its steps.
It produced 86.82 million tonnes of iron ore in the April-to-June period, down 2.8% from a year earlier.
Industrial metals are now all trading above their 100-day moving averages and most are no longer in backwardation.
World's number two gold producer's second quarter results ticks all the boxes as it throws off $486 million in free cash in its second quarter.
Shares plunged after miner revealed that output fell almost across the board in the April – June period.
World's top miner expects to produce 1.7 million tonnes in 2017 as output at giant Escondida mine jumps 9%.
Trevali stock is up 44% in two weeks as Canadian mine enters commercial production and record output at flagship Peru operation is topped by high-grade find.
Overall, Canadian deal-making in the first half of the year fell in line with the global cooling down trend that has followed the record valuations of 2015.
Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.
According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.
Traders are momentarily based at a windowless disaster-recovery site in Chelmsford, east of London.
The government will maintain 1.4 billion pula ($130 million) of annual spending on state-owned BCL for now.
Choppy seas off the coast of Chile caused widespread delays to copper shipments from the world's top producer in the second half of June, potentially supporting prices in a market grappling with oversupply
The U.S. Geological Survey is using a familiar exploration technology to search for copper deposits in remote locations of Alaska.
The Unites States is seeking the support of the World Trade Organization (WTO) in pressuring China to remove export duties on certain minerals that give it an unfair trade advantage.