Correction
The story “NovaCopper boosts resources at Bornite” (T.N.M., March 31–April 6/14) incorrectly stated the inferred contained copper figures for both the in-pit and below-pit estimates at Bornite, which were stated in millions…
Copper
Turquoise Hill, Rio Tinto expect a delay in Oyu Tolgoi’s financing
Turquoise Hill Resources’ (TSX: TRQ; NYSE: TRQ) CEO Kay Priestly says “good progress continues to be made” with the Mongolian government to resolve outstanding shareholder issues at the company’s 66%-held Oyu Tolgoi…
Copper market headed for surplus, GFMS says
Up until the recent sell-off, there had been a prolonged run for copper prices. And the latest survey from Thomson Reuters GFMS says the recent drop in copper prices may not be a blip, but a sign of more weakness to come.
Copper Mountain up 11% on record Q1 production
Vancouver-based Copper Mountain Mining (TSX: CUM) saw its shares climb after revealing record first-quarter copper production at its 75%-held Copper Mountain mine near Princeton, B.C.
Capstone ‘gets it right,’ analysts say
Mid-tier copper producer Capstone Mining (TSX: CS; US-OTC: CSFFF) impressed analysts after posting record production results for the first quarter of the year.
Copper One picks up Troilus from First Quantum
VANCOUVER — Stan Bharti and his merchant banking team at Toronto-based Forbes & Manhattan appear to be on the lookout for past-producing copper assets. Roughly six months after grabbing a major share position in junior Kombat…
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Copper production surplus expected for2014-15: ICSG
The following copper market forecast for 2014 and 2015 was released by the Lisbon-based International Copper Study Group (ICSG). For more information on the ICSG, visit www.icsg.org.
Primero aims to turn around Black Fox
Primero Mining (TSX: P; NYSE: PPP) is adopting the turnaround strategy it used at its San Dimas underground gold–silver mine in Mexico to its recently acquired Black Fox gold mine near Timmins, Ont., where it aims for another success…
Ecuador Gold boosts resource at Santa Barbara ahead of PEA
VANCOUVER — Development potential is coming into focus for Toronto-based explorer Ecuador Gold and Copper (TSXV: EGX) at its flagship Santa Barbara gold–copper porphyry deposit along the Zamora belt in southeastern Ecuador. On March…
Capstone more than doubles Pinto Valley mine life
VANCOUVER — Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS; US-OTC: CSFFF) has shown that the copper–molybdenum–silver mine can be operated for at least eight extra years and produce a billion more…
Rio Tinto gives its Northern Dynasty stake to Alaskan charities
In yet another apparent setback for Northern Dynasty Minerals (TSX: MDM; NYSE-MKT: NAK) and its controversial Pebble copper-gold-molybdenum project in Alaska, Rio Tinto (NYSE: RIO; LSE: RIO) is giving its 19.1% stake in the company to two local…