Glencore Xstrata Sells 80% Stake in PNG Copper Mine
Glencore Xstrata (LSE:GLEN) is selling its 80 percent stake in a Papua New Guinea copper mine to Australian copper-gold miner PanAust (ASX:PNA).Continue reading...
View ArticleMinnesota’s First Copper-Nickel Mine in the Making
PolyMet Mining is currently in the permitting phase for the NorthMet copper-nickel-precious metals mine in Minnesota. If approved, NorthMet will be the first copper-nickel mine in the state.Continue...
View ArticleCopper in Eastern Canada
Copper plays a large role in the Canadian mining industry. Here's a look at some companies that are mining and exploring for the metal in Eastern Canada.Continue reading...
View ArticleGlencore Sells Las Bambas Copper Mine to Chinese Consortium for $5.85 Billion
Reuters reported that Glencore Xstrata plc (LSE:GLEN) has sold its interest in the Peruvian Las Bambas copper mine to a Chinese consortium led by MMG Ltd. (HKEX:1208). Continue reading...
View ArticleInvestors Watchful as Copper Market Sees Modest Gains
Copper prices have picked up this week, but investors are anxious that a slowdown in China’s economic growth could reduce demand for the red metal.Continue reading...
View ArticleChina and Copper: Inextricably Linked on the World’s Markets
China has long been enamoured with the red metal. The world market is tightly tied to demand from the Asian nation as any signal of a change in its appetite for copper is usually a fundamental factor...
View ArticleZambia Seeks to Boost Copper Exports
Bloomberg reported today that Zambia Railways Ltd. is looking to secure at least $350 million to expand copper shipments in the landlocked nation. Continue reading...
View ArticleWorker Dies at Glencore’s CSA Copper Mine, Australia
Australian Mining reported today that a man has been killed in an accident at Glencore's CSA Copper Mine in New South Wales, Australia. Continue reading...
View Article2013 Top 10 Copper-producing Countries
The US Geological Survey has released its most recent set of data on copper-producing countries, and Copper Investing News took a look to see which made the top 10.Continue reading...
View ArticleMMG Gets Shareholder Approval for $5.85 Billion Las Bambas Buy
Reuters reported that China's MMG Ltd. (HKG:1208) has secured unaniumous approval from its shareholders for the purchase of the Las Bambas Project in Peru from Glencore Plc (LSE:GLEN). A consortium led...
View ArticleCopper Prices Mounting a Comeback on Economic Confidence
The Wall Street Journal reported on Sunday that copper prices look to be making a comeback, as the metal rose over 3% last week. Drivers behind those gains include increased confidence in the global...
View ArticleWhat Does the Ebola Outbreak Mean for Congo Copper Operations?
Fears over the latest outbreak of the disease have prompted African countries to tighten their borders, with Botswana putting a halt on copper shipments out of the DRC last week. Continue reading...
View ArticleZambia Removes Copper Export Tax Restriction
The Wall Street Journal reported today that Zambia has done away with a controversial tax restriction on copper exports. The rule change will end an ongoing standoff with companies, with miners set to...
View ArticleGlencore’s Mopani Copper Mines Suspends Zambia Projects Over Tax Refund
Reuters reported that Mopani Copper Mines, owned by Glencore Plc (LSE:GLEN) has put roughly $800 million in Zambian copper projects on hold following the government's witholding of $200 million in tax...
View ArticleStrike at Peru’s Antamina to Support Copper Prices?
On Monday, workers at Peru's Antamina copper mine downed tools, beginning the first indefinite strike in the mine's history. Operations have been partially affected at the mine, and as the largest...
View ArticlePeru Government Rules Antamina Strike Illegal
A ten day strike at Peru's Antamina Copper Mine - jointly owned by BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) (33.75 percent), Glencore Xstrata (LSE:GLEN) (33.75 percent), Teck Resources...
View ArticleGlencore says Copper Deficit Could Be On The Way
Mining.com reported that a presentation given in London by Glencore's (LSE:GLEN) copper chief Telis Mistakidis suggests that a copper deficit could be coming much sooner than some think.Continue...
View ArticleBHP’s Growing Focus on Copper
For some time now, market watchers have noticed BHP Billiton's growing interest in copper, but on Thursday, the company specifically talked about how it expects to favor the red metal much more than...
View ArticleGlencore Copper Head Buys $70 Million London Apartment
Bloomberg reported that Telis Mistakidis, head of copper mining and trading at Glencore (LSE:GLEN) has paid 46 million pounds, or $70 million, for an apartment in London. The high-priced piece of real...
View ArticleCopper Prices Continue to Fall
While gold and silver have been doing a little better as of late, copper prices have continued to take a beating — the metal dipped to $2.53 on Wednesday. That said, analysts are stressing that the red...
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