The mining giant believes demand for coal to keep growing over the next 20 years, driven mainly by China and India.
Miners are worried about potential twists and turns in policies as well as Indonesia's inability to improve the country’s poor infrastructure and rising labor costs.
Shanghai copper, in turn, went down beyond its 5% daily limit on Monday, hitting its lowest in more than four years.
Other two Canadian jurisdictions —New Brunswick and Newfoundland and Labrador— also made it to the top 10 worldwide. Kyrgyzstan and Venezuela, named the two countries mining enthusiasts should stay away from.
Analysts warn of increasing government pressure on miners in other jurisdictions as well.
While many emerging markets are teetering right now, noted economist Nouriel Roubini says chance of a fully-fledged crisis is low.
The steep, last minute metal concentrate tax slapped on copper miners has brought exports to a standstill.
The reaction of the nickel price has been subdued and a new report suggests China may enter the political fray in Indonesia to protect its steel industry.
Top exporter Indonesia's ban on ore shipments largely off-set by record global stockpiles of ore and metal and rising mine output.
Against expectations of a last minute climbdown by authorities, Indonesia's nickel, bauxite and tin ore ban went into effect Sunday.
The spot market for copper is extremely tight with premiums over 3-month contracts touching 18-month highs and Indonesia's export ban adding uncertainty.
Terrorism, regime instability and resource nationalism, are the main risks mining investors will face in 2014.
The miner would need to lay off about 30,000 employees and dozens of contractors if it is not allowed to ship concentrates from the Indonesia.
With record ore and metal stockpiling in anticipation of supply disruptions, if Indonesia's January 1 ban proves a damp squib, nickel prices could tumble again.
Miner called shareholders to approve the long-sought separation on December 4.
Nickel price up 5% in October as Indonesia stays firm on 2014 unprocessed mineral and metal export ban.
Output may be affected by a ban on unprocessed ore exports that takes effect in 2014.
As a result of the almost two months stoppage at Grasberg, the miner lost about 125 million pounds of copper and 125,000 ounces of gold in the quarter.
Halt was triggered by the coal miner’s failure to publish its 2012 audited full-year results.
But 2013 output will be 20% less than planned.
PT Newmont Nusa Tenggara, a subsidiary of Newmont Mining Corporation, is ready to supply concentrate for national mineral processing and refining plant (smelter).
Measure seeks to avoid liability on existing orders after production was suspended due to an accident.
Small coal miners are already under financial pressure coming from falling prices and their rather higher costs.
China’s third largest copper producer announcement comes only a few weeks after outages at two large copper mines in Indonesia and the US.
Indonesia, South Africa and Australia show no signs of slowing down exports despite prices at 3-and-half year lows and heading lower still.
Between 100–150kt of copper will be off the market.
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