China's central bank commitment to ensure policy remained prudent this year may mean no more monetary stimulus, which could see copper demand growth slow further.
The funds will come from the company’s own 2014 profits, as the state-owned miner gives its profits to Chile's government.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
The world's largest iron-ore miner, sank to a two-month low after the steelmaking ingredient tumbled on concern supplies are too high.
The value of the commodity has fallen by about 35% over the latest 12-month period, hitting Australia’s economy harder than expected.
Mine will produce 50,000 tonnes of copper cathode per year.
Production of the industrial metal jumped up 7.8% in May, when compared to April’s figures,despite dwindling ore grades in several of the country's aging copper mines.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Mining conflicts are intensifying across Latin America, with 218 mining projects embroiled in conflicts with 312 communities—including six conflicts spanning national borders—from Mexico to Argentina.
Analysts from Goldman Sachs, Citi and ANZ predict prices will drop again below $50 a tonne.
The world's largest producer of iron ore could raise about $1.5 billion through the sale of a stake in one of its Brazil-based assets.
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
The market for copper is equal to approximately $120 billion each year, which rivals that of even iron ore.
Montan was specifically created to be in Peru because our management team has a track record of success, experience and roots there.
X2 Resources still in race for Anglo's mines but "couldn't make the numbers work" for Barrick's Zaldivar with seven firms outbidding the $5 billion fund.
Showing over 1,250 attempted transactions, this list includes both successful and failed attempts in order to visualize the ebb and flow of Chinese investments up until mid-2014.
The news came on the same day Royal Bank of Canada downgraded Goldcorp’s stock to “sector perform” from “outperform,” citing concerns over the miner’s ability to continue paying its monthly dividend.
Together these giant gold operations produce more than 10 million ounces per year.
The 24-hour stoppage did not affect operations, according to the mine management.
A third of money raised is destined for Canadian projects while Australia's share of global total drops to only 5%.
Over the last decade economic events or environmental issues came out as top risks to the world according to the annual WEF survey. Not this year.
Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.
Chinese-owned Peruvian mine inks 15-year transport deal moving 400,000 tonnes per year from January 1 2016 making it the planet's third largest copper mine.
Iron ore rallies again after Vale CEO predicts 200 million tonnes of Chinese production shutting down and seaborne market growing to 1.44 billion tonnes.
Just to up gold as a share of forex reserves to 5% – compared to 70% in developed economies – central banks in emerging markets need to buy 8,000 tonnes.
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