More than 18,600 km from Beijing, in copper-rich northern Chile, beleaguered miners are barely coping with the impact of China’s economic slowdown. The situation is worse than many think, according to the country’s mining industry group Consejo Regional Minero de Coquimbo (Corminco), which represents some of Chile’s top miners in the copper sector, including Antofagasta (LON:ANTO), Glencore (LON:GLEN) and Teck Resources (TSE:TCK.A, TCK.B) (NYSE:TCK). Its president, Juan Carlos Sáe
In New York trade on Wednesday copper for delivery in December failed to capitalize on customs data from top consumer China showing a huge jump in imports of the red metal. Copper changed hands for $2.3895 per pound or around $5,297 a tonne in lunchtime trade on Tuesday, down some 1% from yesterday's close with the positive news out of China being offset by an announcement by top exporter Chile that it's keeping to output targets. China is responsible for more than 45% of copper demand and import
German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year. It has announced it will be reducing its copper cathode premium from $110 per tonne over LME cash metal this year to $92 next year. Aurubis' preemptive move will raise expectations of a similar-sized reduction in the annual premium from Chile's Codelco, the world's largest producer. Its European premium has
World’s largest miner BHP Billiton (ASX, NYSE:BHP) (LON:BLT) has already lost 41,000 tonnes of copper production due to an ongoing strike at its Econdida mine in Chile...
Central banks will be in focus this week, with monetary policy decisions due from the Bank of Japan (BOJ) and the U.S. Federal Reserve. Since raising interest rates in December 2015, s...
For American workers, it's a familiar refrain: Jobs are plentiful but they don't pay very much. The unemployment rate is falling, but it's because the workforce is shrinking. ...
The European Central Bank (ECB) considered adding more stimulus to its struggling economy at its last policy meeting and saw "potentially worrisome" downward revisions in consum...
The FOMC minutes seem to indicate the answer is: almost, stating: "It may well become appropriate to initiate the process of normalization at the next meeting." World markets ar...
The renminbi's status as a global reserve currency may be effectively guaranteed following formal backing by International Monetary Fund (IMF) staff, according to economists, but trad...
is pleased to announce that co-founding director and shareholder Brien Lundin has accepted the position as Chairman of the Board. CEO Bryce Bradley comments, "Brien has been...
is pleased to announce that it has entered into an agreement to acquire the portfolio of base metal and gold properties in Fiji it had previously had under option. "This purchase ...
is very pleased to report that it has signed a binding agreement with Daewoo Minerals Canada Corporation ("DMC"), a Canadian subsidiary of Daewoo International Corp, one of Sout...
|Company Name||Symbol||Price||Change||Vol(k)||Day's Range||Contact|
|1||Copper Mountain Mining Corp||TSX:CUM||0.900||
||862778||0.83 - 0.91|
|2||Highland Copper Co Inc||TSXV:HI||0.170||
||232228||0.15 - 0.17|
|3||Amerigo Resources Ltd||TSX:ARG||0.560||
||337000||0.52 - 0.56|
|4||Candente Copper Corp||TSX:DNT||0.110||
||38200||0.11 - 0.11|
|5||GoldQuest Mining Corp||TSXV:GQC||0.490||
||103950||0.48 - 0.50|
|6||Vms Ventures Inc||TSXV:VMS||0.135||
||327235||0.125 - 0.145|
|7||Nautilus Minerals Inc||TSX:NUS||0.180||
||267100||0.17 - 0.18|
|8||Rambler Metals and Mining PLC||TSXV:RAB||0.195||
||25000||0.195 - 0.195|
|9||Erdene Resource Development Corp||TSX:ERD||0.840||
||105350||0.80 - 0.84|
|10||Aura Minerals Inc||TSX:ORA||1.850||
||5530||1.80 - 1.85|
|11||Nevada Copper Corp||TSX:NCU||0.770||
||19325||0.76 - 0.79|
|12||Regulus Resources Inc||TSXV:REG||1.600||
||84304||1.60 - 1.67|
|13||Imperial Metals Corp||TSX:III||6.600||
||30085||6.53 - 6.73|
|14||Capstone Mining Corp||TSX:CS||1.650||
||1048211||1.59 - 1.68|
|15||Reservoir Minerals Inc||TSXV:RMC||