Metals Commentary: Wood Mackenzie sees copper markets in deficit in five years
While there may be a glut of copper coming out of the world’s mines over the next four years, it won’t be too long before a supply gap opens up and then starts to widen.
News
Amara delivers on promise
In an interview in Toronto with The Northern Miner last year, Amara Mining (AMZ-T, AMA-L) chief executive Peter Spivey predicted the company would release an updated resource estimate defining a large mineralized sulphide deposit underlying…
U.S. Markets, March 18-22
U.S. markets were recovering at press time after a sluggish period. Troubled Cyprus alarmed investors, with the week ending on fears that contagion would ensue if the country wasn’t bailed out by the European Union.
M&A landscape changing for copper producers
VANCOUVER — With the US$5.1-billion hostile takeover of Toronto-based Inmet Mining (IMN-T) by larger-cap peer First Quantum Minerals (FM-T) looking all but wrapped up, it’s an opportune time to take a look at the shifting…
Where do miners go from here?
The shift from “quantity to returns” has led to numerous headaches for miners, causing project delays, hefty writedowns and CEO departures, while companies tackle escalating costs that have caught up with the rising commodity…
Mercator eyes better days ahead
Mercator Minerals (ML-T) had a difficult year in 2012, but one that ended with improved operations and a stronger balance sheet, despite taking a US$119.8-million writedown on its El Creston molybdenum-copper project in Mexico’s Sonora…
Rubicon cheers Ontario decision
Rubicon Minerals (RMX-T, RBY-X) is applauding the Ontario Court of Appeal’s move to reverse a lower court’s 2011 decision in the Keewatin case that said the provincial government could not approve resource development in the…
Hope Bay springs eternal for TMAC
VANCOUVER — In a few short months, privately held TMAC Resources has acquired a large gold project in northernmost Canada, signed a memorandum of understanding (MOU) with the Inuit association that owns the project lands, added $35…
Metals, mining and money markets
Spot pricesCourtesy of ScotiabankTuesday, March 26, 2013Precious MetalsPrice…
With no rival bids, Inmet falls to First Quantum
VANCOUVER — In the end, predictions of a bidding war for Inmet Mining (IMN-T) ended up as much ado about nothing. Instead, the lack of rival bids for a company with three operating mines and a huge, undeveloped copper project in Panama…
Copper market deficit in five years
While there may be a glut of copper coming out of the world’s mines over the next four years, it won’t be too long before a supply gap opens up and widens.
Tintina grows Black Butte’s copper
VANCOUVER — With an upgraded resource estimate for a second deposit at its Black Butte project in Montana now in hand, Tintina Resources (TAU-V) is ready to revamp the project’s recent economic assessment while it awaits permission…