Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

Having trouble viewing this email?  View online Copper News Digest Thursday 24 August 2017 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Copper rally lifts Antofagasta's profits — up 88% in first half of 2017 The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next. read » Copper price rallies after Grasberg violence Copper above $3.00 after former workers torch dozens of buildings, vehicles at Freeport's Indonesia operations blocking access to world number two mine. read » Chile rejects divisive $2.5 billion Dominga copper-iron ore project A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve. read » Giant Peru mine blockade lifted after state of emergency Copper price rally cools after threat to global supply from top 5 Las Bambas mine is averted. read » Argentina confirms charges for Barrick employees over 2015 cyanide spill at Veladero Court of appeals says charges of "pollution, negligence and malpractice" still in place for 8 of 9 people. read » BHP commits $2.5bn to extend life of Spence copper mine in Chile Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014. read » Copper price surges to 32-month high as hedge funds place $20 billion bet Copper trades just short of $3 a pound as large scale futures speculators build massive bullish position and global supply worries resurface. read » Zinc prices hit decade-high on shrinking Chinese stockpiles Metal traded above $3,000 per tonne on the LME for the first time since November 2007. read » First Quantum mines in Zambia also affected by power supply cuts Zambia's state power company made the decision amid an ongoing dispute over the implementation of new electricity tariffs in the country. read » CHARTS: Mining once again one of biggest drivers of US economy 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. read » UK lithium start-up gets $1.3 million to build new mine in Cornwall 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. read » Anglo Asian soars after boosting reserves at Ugur gold project Azerbaijan's top gold producer will begin production there next month. read » Codelco to produce "green" copper The pilot project is taking place at the Gabriela Mistral mine read » Glencore turns bigger copper, zinc price bull 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. read » Snow, soil and trees could help detect mineral deposits in Canada A team of geologists is using a series of techniques to identify halogens, commonly associated mineral deposits, in organic materials read » Lead-zinc mine on Vancouver island reopens Vancouver Island copper-zinc-lead mine, Myra Falls, restarts after nearly two years. read » Utah asks the EPA to pay $1.9 billion for mine-waste spill 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 read » BHP Billiton to replace two directors in board shake-up Controversial director Grant King is stepping down, only six months after joining the company amid concerns among investors over oil investments. read » Glencore's Zambian unit may shed 4,700 workers on power shortages Mopani Copper Mines, Glencore's Zambian unit, said on Tuesday it may lay off nearly 5,000 workers due to a dispute with its electricity supplier over prices that has led to reduced power supply to its […] read » Zimbabwe tightens screws on miners' export earnings in forex crunch The country's Reserve Bank has ordered platinum and chrome miners to surrender 80 percent of their export earnings to the central bank as the country struggles to contain a crippling dollar note shortage. read » With Congo finances collapsing, desperate government has few options Democratic Republic of Congo's government seeks to head off a collapse in national finances that is hitting the economy. read » Canada's Ontario province to build roads into Ring of Fire region The province first committed $1 billion to fund infrastructure into the chromite-rich area in 2014. read » Kazakhstan miner Kaz Minerals ramps up output, profits rise Kaz Minerals, a copper company focused on Kazakhstan, narrowed its full-year production guidance on Thursday to 235,000-260,000 tonnes after first-half output more than doubled, boosted by a market hitting multi-year highs. read » Read more Copper news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver 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