Copper – Reuters reported today that Freeport McMoRan Copper & Gold Inc and Indonesia's Aneka Tambang may not be ready with a joint copper smelter venture before Indonesia bans concentrate exports in 2017. This could cause dramatically reduced copper output in the future, as PT Smelting, currently the only copper smelter in Indonesia, is only capable of processing 20% of the national output of concentrate.
Articles Tagged "Copper"
Copper – Reuters reported that most Chilean mines seem to have held up well against a recent 8.2 magnitude earthquake in the mineral rich region. No damage was reported to the Collahuasi copper mine, and Coldeco, Antofagasta and Teck Resources all said that their mines were functioning well.
Copper – Bloomberg reported that copper futures may rise again this session due to speculation that China will increase after an eight-month low was measured in manufacturing.
Copper – Reuters reported that copper held steady ground in Monday trading, given traction by signs that the Chinese slowdown is moderating.
Gold – Despite the company's fall in stock price on step-out drill results earlier this month, CEO Adam Travis says that there is plenty of room for stock price appreciation after a discovery hole on its North ROK copper-gold project in April catapulted the junior company's market capitalization.
Copper – Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
Copper – Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration & Production Company (NYSE: PXP) announced that shareholders have voted in support of FCX's proposed acquisition of PXP.
Copper – Mineweb reported that the death toll has risen to 14 after a tunnel collapsed at Big Gossan underground training facility at the PT Freeport Indonesia Grasberg complex, and 14 more are still missing and feared dead.
Copper – Bloomberg reported that copper got a boost from supply concerns with the closure of Freeport-McMoRan Copper & Gold Inc.’s Grasberg Indonesian mine after a tunnel collapse.
Copper – Bloomberg reported that copper climbed on Friday, reducing losses this week, given a boost by improving U.S. consumer confidence that suggest an up tick in demand.