Copper prices fall

Having trouble viewing this email?  View online Copper News Digest Thursday 26 October 2017 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Copper prices fall Among other geopolitical developments, the drop is attributable to investors getting calmer over the news that China's economic policy will see few changes in the near future. read » Quantum computing turning to copper In order to store new quantum data that can be processed by quantum computers, scientists are exploring the possibilities that copper offers. read » Freeport says Grasberg stake to fall to 29% – shares dumped Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine. read » Juniors oppose Barrick's plans to turn an old mine into a ski resort "Barrick must be stopped!", a junior miner wrote. read » Brazil congressional committees vote on reforms helping small miners While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less. read » Philippines open pit mining ban could be lifted before year end Mines minister says will follow new recommendations of environment regulator reviving projects like giant Tampakan, Silangan copper-gold mines. read » Xi's China a boon for mining President Xi's enormous power means his pet projects like One Belt–One Road and Xiongan New Area will receive the full backing of the state. read » UNEP urges mining companies to better manage tailings facilities The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk. read » Hedge fund sues Barclays Bank for £650M over alleged copper market rigging Red Kite, the largest metals hedge fund in the world run by UK Conservative Party donor Michael Farmer, is alleging that Barclays Bank attempted to rig the copper market through insider dealings with the London Metal Exchange. read » Rio Tinto wants out of Grasberg now New report says Rio talking to Indonesian groups to sell interest in giant copper, gold mine – Freeport still at loggerheads with Jakarta about stake sale. read » Shares in Quebec junior surge on Michigan reserves update Highland Copper jumps 18% after announcing a 46% increase in resources at its Copperwood copper and silver project in Michigan's Upper Peninsula. read » Southern Copper to resume Tia Maria project in Peru as permit imminent Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018. read » Acacia Mining takes further revenue hit, reviews Barrick-Tanzania deal Chief Financial Officer Andrew Wray said the company doesn't even have the ability to make the upfront $300 million payment Barrick has promised to the government of Tanzania as part of a deal reached Thursday. read » Barrick to give Tanzania stake in mines, $300 million to end dispute The deal does not mean Tanzania will immediately lift the demand for Barrick's subsidiary Acacia Mining to pay $190 billion in allegedly unpaid taxes. read » BHP's copper production up sharply, iron ore down Fire shrinks Mt Whaleback iron ore production, but output at world's largest copper mine Escondida in Chile jumps 23%. read » Rio Tinto declares force majeure at Kennecott following fatal accident Rio Tinto production of refined copper at the Utah-based division has been halted since Oct. 8 after a worker was exposed to sulfur dioxide gases at the plant. The employee died two days later. read » Copper price: Rio slashes production guidance Delayed ramp-up at Escondida, mine sequencing at Kennecott. read » Antofagasta trims costs forecast as Q3 copper output rises Despite the quarterly increase in net cash costs Antofagasta said the 2017 costs would be below the $1.30 per pound previously forecast. read » Small mining companies shun London market after IPO flops Lacklustre performances by small mining companies on the London Stock Exchange are driving rivals in need of cash to find alternative ways to raise capital. read » China's refined copper output highest since Dec 2014 Refined copper production was 774,000 tonnes last month, up 3.3 percent from 749,000 tonnes in August, according to the NBS data. read » China's Jinchuan eyes new nickel, cobalt project to tap electric vehicle boom China's top nickel producer, will next year start building a new project in Guangxi that will produce raw materials for electric vehicle (EV) batteries, its chairman said, looking to tap the sector's "explosive" demand. read » Canadian Mining Hall of Fame welcomes four new inductees for 2018 Bob Gannicott, Ross Beaty, Terry MacGibbon and Ed Thompson to be honoured at 2018 CMHF annual dinner and induction ceremony. read » Poland's KGHM chief sees high copper prices boosting earnings this year "I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki read » Indonesia's Antam receives approval for additional nickel ore exports Indonesia's PT Aneka Tambang Tbk received a recommendation from the mining ministry for an additional 1.25 million tonnes of nickel ore exports over the next 12 months, Chief Executive Arie Prabowo Ariotedjo said on Tuesday. read » New tool helps industry collect and share geoscience data PDAC gearing up to launch Exploration Assessment Digital Data Formats guidelines, a practice expected to improve Canadian mine exploration discovery rates. read » Read more Copper news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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