Mining and metals markets crater as copper price enters bear market

Having trouble viewing this email?  View online Copper News Digest Thursday 16 August 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver Mining and metals markets crater as copper price enters bear market Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low. read » Copper price falls as China investment grows at slowest pace on record Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months. read » Copper vulnerable to supply shock as giant mine faces strike Copper bears could get caught wrong-footed as a strike looms at the world's biggest mine. read » Egyptian copper's origin revealed Two new studies reveal where ancient Egyptians got the red metal from. read » Codelco goes ahead with scaled-back underground extension of Chuquicamata The $4.9 billion-investment is part of Codelco's 10-year, $39 billion overhaul of its core mines. read » Nevsun asks shareholders to reject Lundin's hostile bid Canadian miner Nevsun Resources Ltd on Thursday urged its shareholders to reject a hostile C$1.4 billion ($1.07 billion) offer from rival Lundin Mining Corp. read » Sunstone Metals to sell Scandanavian copper asset for $30.3 million The two companies have just signed a non-biding letter of intent. read » Teck's Quebrada Blanca project gets green light Teck Resources received regulatory approval for its Quebrada Blanca Phase 2 project in the Tarapacá Region in northern Chile. read » Barrick says copper operation in Saudi Arabia not affected by diplomatic dispute The Canadian miner said it has a strong relationship with partner Ma'aden. read » Glencore credits China's 'Blue Skies' program for strong H1 Protectionism could limit future growth. read » Latin America-focused copper miner now eyeing Canada Westminster Resources to buy a land package in the Ronge district of Saskatchewan. read » Water shortage threatens BC copper-gold mine Not the first time. read » Strange metal makes electrons work in teams: scientists Cuprates may carry current in a way entirely different from conventional metals such as copper. read » Canadian junior ready to start drilling for copper in Spain Pan Global's subsidiary Minera Águilas has received the necessary permits to start its exploration campaign on the first two sections of the Águilas project. read » No love for KAZ mega copper project Shares down by a third after London-listed miner pays $900m for Russian copper project that will take another $5.5 billion to build. read » How big data can help find new mineral deposits Researchers want to use a type of analysis commonly employed in understanding Facebook connections. read » Rio Tinto down despite $7.2bn cash return to investors Company said first-half profit grew 12% to $4.42 billion, below the $4.53 billion forecast by analysts. read » Glencore's cobalt output up by almost a third thanks to Congo mines Glencore is the world's No. 1 cobalt miner, while Congo is the largest producer of the key component for batteries that power electric vehicles. read » Copper price bears shrug $280B China stimulus package And Chuquicamata stoppage, looming Escondida strike. read » Codelco's Chuquicamata copper mine hit by strike, blockage Workers have downed tools and blocked access to the mine in protest of the "unjustified layoff" of two colleagues. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » Environmentalists worried about prospecting in New Zealand's South Island The government lifted a moratorium for prospecting permits on 7,828 square kilometres on the northern part of the South Island. read » Pebble's Draft Environmental Impact Statement to be ready in January A "scoping report" based on 175,000 comments will be published in August 2018. read » Workers at First Quantum's mine in Spain go on strike They are demanding hazard pay for subcontractors. read » Metals poisoned by Turkey contagion as copper nears bear market Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is set to close in a bear market. read » Miner Antofagasta's H1 earnings fall, trade tensions cloud demand outlook Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier. read » Union at Chile's Caserones copper mine extends mediation with company The main union at Chile's Caserones copper mine said on Monday that both sides had agreed to extend government mediation of labor talks until Thursday. read » How Canada's mining sector impacts the economy Canada is one of the world's largest exporters of minerals and metals, supplying approximately 60 different mineral commodities to over 100 countries. read » Soviet collapse echoes in China's Belt and Road Like the Soviet Union in the 1970s, China is coming to the end of a long labor-force boom and hoping that an orgy of investment will keep the old magic going while stabilizing its fraying frontiers. read » Stocks fall as tech struggles, commodities plunge: Markets wrap "Tech stocks are pulling the markets lower," said Naeem Aslam. "We are seeing investors becoming more concerned about the geopolitics." read » Chile's Escondida union to take new labor proposal to members It will avert its planned strike to consult members about a renewed proposal for a new labor contract from operator BHP . 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. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Copper News Digest". You mayunsubscribe at any time. The information contained in “Copper News Digest” is collected from a variety of sources on a “best intentions”basis. 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