Articles Tagged "Antofagasta"

World’s Biggest Mining Companies Betting on Copper

Copper – There's still some uncertainty regarding how soon copper will shift into a deficit. However, positive arguments for the copper price got some support on Friday when a report from Bloomberg stated that five of the world's largest mining companies have all said good things about the red metal over the last month.

Antofagasta Sells its Water Division For $960 Million

Copper – Antofagasta (LSE:ANTO) announced Thursday that it would sell its water division, Aguas de Antofagasta S.A. to Empresas Públicas de Medellín for $960 million before taxes and transaction costs. CIBC world markets stated in a note that it believed the sale "will allow the company to focus on its core business of mining and the improved balance sheet strength adds flexibility on how it advances its development projects."

Teck Resources and Antofagasta Deny Merger Talks

Copper – Following a Bloomberg report put out Monday suggesting that Teck Resources and Antofagasta were in talks regarding a merger, both companies have put out press releases denying that claim. The article from Bloomberg stated that Teck and Antofagasta had conducted early-stage talks, although it noted that the miners both said they were not currently in negotiations.

Lawrence Roulston: Why Smart Investors Are Putting Money Into Junior Miners

At PDAC, Lawrence Roulston of Quintana Resources Capital and Resource Opportunities shared an interesting take on the state of the junior mining industry. While there's been plenty of negativity surrounding the space lately, Roulston argued that things are not as bad as many may think, going so far as to state that investors should be "feeling euphoria" about the opportunities ahead.

Nevsun Reports Huge Increase in Resources at Eritrea Mine

Copper – On Tuesday, Nevsun Resources updated the mineral resource estimates for its Bisha and Harena deposits, both of which are located at its Bisha mine in Eritrea. Though the company's mineral reserve estimates for the deposits are still forthcoming, the resources at Harena saw substantial increases, while resources at Bisha grew as well.

Antofagasta Takes Top Spot as Biggest Exploration Spender Worldwide

Copper – Juniors are usually responsible for discoveries and early stage exploration, but 2014 has seen bigger miners spend their fair share. According to a recent report from SNL Metals and Mining, 39 large miners will account for 40 percent of global exploration spending in 2014, with Antofagasta being the biggest spender of them all.