Miner says that each month of delay in obtaining approval to export means production would be reduced by 70 million pounds of copper and 70,000 ounces of gold.
Lead Mining News
Seaborne coal, tin prices are the big exceptions.
Judge revoked an interim order that prevented the company from relocating graves present at its Platreef platinum group metals mine, in Limpopo Province.
New report forecasts 20% improvement in nickel price by end-2017 – copper, lead, zinc, gold, silver to retreat.
Frank discusses the gold and bond markets and how they have been driven by global uncertainty.
Government is considering to extend the miner a temporary permit, valid for up to six months, which would pave the way for Freeport to resume exports from Grasberg.
Gold price to drop 8% in 2017 according to bank's January Commodities Outlook, but industrial metals face much better prospects.
"The run-up in base metal prices, particularly after the US Presidential election, may be getting ahead of fundamentals."
As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.
Far-reaching new mining rules ease a controversial ban on exports of nickel ore and bauxite.
Private capital funds raised $2.1 billion for mining and metals investment in 2016 – this year 13 funds are targeting $10 billion says new study.
Auryn Resources will use the C$41 million for 55,000m of exploration drilling across six gold-copper-silver projects in Canada and Peru this year.
With only a couple of exceptions, metal and mineral prices rallied in 2016 – see at a glance how far the industry has come.
TABLE: China's copper demand grew 11-fold in 15 years – the rest of the world shrunk. Sans China, the nickel market would've barely broken a million tonnes.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
New report predicts US infrastructure spending promised by president-elect could propel global growth to highest since 2011 further boosting metals demand.
Global miners have been cutting spending on new projects and expansions since 2012.
Industrial metals surge as US president elect vows massive infrastructure spending – budget could top $500 billion.
The funding, which includes direct investment and grants, aims to help the asteroid mining company launch its first commercial prospecting mission by 2020.
Black Star deposit at Mount Isa in Australia depleted after 13 years of operation.
He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.
Grupo Mexico’s project is being scrutinized once again.
A moratorium in place since 2003 bans open-pit mining and the use of cyanide for metal recovery.
While many still see space mining as science fiction, global recruitment expert Fircroft has compiled data that proves it feasible.
Resistance breach shows significant upside potential for base metals.