The seeds of Tuesday's 4.6 percent copper slump -- the sharpest in almost three years -- were planted in a scarcely noted non-event earlier this month.
Copper Mining News
The Brazilian miner revealed these expectations in a presentation to investors in New York on Wednesday.
The London Metal Exchange unlikely to provide clearing services for proposed new trading platform NFEx, a significant obstacle to the new exchange.
Suncor Energy begins regulatory process to add significant low-carbon power with cogeneration at its Oil Sands operations
To remain globally cost and carbon competitive, Suncor took first steps to replace coke-fired boilers with two cogeneration units at Oil Sands Base Plant.
Research also charts rapid growth of China’s copper use.
The world’s No.2 gold miner is also planning to boost dividend by at least 50% next year, based on balance sheet improvements and the performance of its gold mines.
The line is an important route for copper exports from Zambia and the Democratic Republic of Congo, Africa’s top copper producer.
Down 4.7% in worst one-day performance since July 2015.
BaseCore Metals will be independently operated and have its own board of directors.
After pumping billions into the Indonesian mine for almost 25 years, Rio might be able to see a decent return as the country’s government plans to acquire the miner’s 40% stake in the coveted operation.
Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards.
For the past two years the silvery-white metal has been a darling of the junior mining investment space, and for good reason.
After a nine-month search, the miner has picked the current leader of the remuneration committee, Simon Thompson, to assume the post in March 2018.
The agency won't act on a proposal to require hardrock mining companies to show they can afford to clean up their sites.
“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.
Two-thirds of miners increase head count in '17
Tasca Resources says the new technology is a significant advancement in exploration tools, particularly when it comes to developing potential exploration targets.
A union at Teck Resources’ Quebrada Blanca copper mine on Wednesday rejected a contract offer from the Canadian miner, increasing the likelihood of a strike.
Wind turbines in the United States have grown in both average height and capacity over the past decade, according to data on utility-scale electricity generators collected by EIA
Surging demand for metals like copper, and cobalt for use in EVs promises to overturn balance of power between mining companies and their customers.
Miner announced record output of chrome and platinum group metals, also said it was seeking to diversify into EV materials.
China's smelters and international miners have not agreed to terms for next year's treatment and refining charges, likely prolonging negotiations into 2018.
Under the new terms, Codelco's copper cathodes will be certified in eight ways that take environmental footprint of production into consideration.
Indonesia expects to conclude deal with Freeport-McMoRan Inc. by February that will see the U.S. miner shed its majority ownership of Grasberg mine.
Anglo is betting on technology, such as computerized drills, to increase productivity, cut costs and reduce environmental impact.