miércoles, 16 de agosto de 2017

Copper price surges to 32-month high as hedge funds place $20 billion bet

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Copper News Digest
Thursday 17 August 2017
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Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface.

Even the most optimistic forecasts for copper by year-end is below the spot price.

Metal traded above $3,000 per tonne on the LME for the first time since November 2007.

Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country.

Value added brought by the mining sector grew by more than 21% in the first three months of the year — the largest increase since the fourth quarter of 2014.

Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.

Azerbaijan's top gold producer will begin production there next month.

The pilot project is taking place at the Gabriela Mistral mine

Swiss giant raises outlook for the rest of the year after revenues at $75 billion a year metals and minerals business jump 20% during first half.

A team of geologists is using a series of techniques to identify halogens, commonly associated mineral deposits, in organic materials

Vancouver Island copper-zinc-lead mine, Myra Falls, restarts after nearly two years.

The western U.S. state is asking the EPA to pay for the cost of cleanup and long-term maintenance of the San Juan River and Lake Powell

Customs data show rebound in Chinese copper imports in July.

Chalkstone was born out of counter-insurgency tactics used by troops in Afghanistan, but its unique methodology is now being used by miners, which can map-out power structures and counter the potentially crippling risk of strikes and political opposition.

The threat of a strike at one of British Columbia's biggest mines is no longer hanging over employees and management.

The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.

Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.

The company will return a total of $3 billion to shareholders: $2 billion on the dividend side and $1 billion of share buybacks.

Environment and Natural Resources minister Roy Cimatu also said there was no rush to make decision on suspended, closed mines.

Brad Halverson has spent nearly three decades with the mining and construction equipment maker.

The world's largest gold miner hopes to reach an agreement over claims against its subsidiary and the country's current ban on mineral concentrate exports.

What a difference a year makes.

The Vancouver-based company plans to explore an area located within the privately-owned St. Julian mine claim block

These courses can help you identify and evaluate the risks involved in mining investments before it's too late.

This is the second time this year the equipment giant boosts sales and profits forecast.

Shares collapsed on the news to close almost 21% lower in London. Barrick, which has a 64% stake in Acacia, also fell in both Toronto and New York.

A hot and dry summer in British Columbia has set forests aflame, and last week the effects of Mother Nature were felt by two prominent BC mines.

The government owes mining companies about $700 million in VAT reimbursements from before last year's suspension.

Flash floods have left one worker missing and caused extensive damage to a power plant at the miner's operations in the eastern-most province of Papua.

In an exclusive Critical Resource Q&A, leading mining entrepreneur Ross Beaty gives his investment tips, puts the boot in on the Trump agenda, and calls for more renewables and less consumption to avoid ecological collapse.

Glencore's Zambian Mopani Copper Mines unit suspended operations in certain areas on Saturday after the Copperbelt Energy Corporation (CEC) restricted power supply to its sites in both the Kitwe and Mufulira regions.

There are several encouraging signs for the mining outlook in Australia.

Russia's Norilsk Nickel reported a 3 percent fall in first-half core earnings on Tuesday, missing analysts' forecasts, due to a stronger rouble and a jump in social expenses.

The Blue Moon Zinc project is located in Mariposa County in central California and if the project needed a nickname, it very well might be the Comeback Kid.

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