Teck Resources beats second-quarter profit estimates

Shipments more than doubled to 157,751 tons in June from May, well above the previous all-time high of 102,000 tons in 2012.

The iron oxide-copper-gold project is located near Vale's Salobo operations and Ero’s Tucumã project.

The resource totalled 909 million tonnes grading 0.53% copper equivalent in the measured and indicated categories.

Industry leaders have pushed for two pricing structures for several years.

Prices for the metal fell for a sixth day, even after China announced a surprise interest-rate cut.

Africa’s second-largest copper producer is seeking to take advantage of what many predict will be a supply shortfall in the coming years.

Anglo plans to divest less profitable assets and focus on expanding copper output.

The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.

Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.