Articles Tagged "Copper Articles"

Teck Resources Drops 6 Percent on Dividend Cut

Copper – Teck Resources has finally announced a dividend cut that a number of analysts and market watchers were expecting. The miner cut its half-year dividend to $0.15, down from $0.45, citing the current price environment as a driving factor. Teck's share price dropped a little over 6 percent on Tuesday, losing $1.07 to trade at $15.85.

Rio Tinto’s Jean-Sébastien Jacques: World on the Edge of a New Metals Age

Copper – This week was CESCO week in Santiago, Chile. It's one of the more notable events in the copper space, and at this year's conference, Rio Tinto's chief executive for copper and coal, Jean-Sébastien Jacques, shared his thoughts on the long-term outlook for copper and what the industry needs to be focused on right now.

Zambia Won’t Raise Mining Royalty to 20 Percent

Copper – Roughly four months after Barrick Gold halted operations at its Lumwana mine in Zambia due to higher royalties in the country, the government is set to change its decision on the royalty hike. Zambia’s cabinet has approved a proposal to drop the rate increase, according to a report from Bloomberg.

American CuMo Mining Hits ‘Major Stepping Stone’ at Idaho Project

Copper – American CuMo Mining has overcome a significant hurdle in the permitting process for its massive CuMo project in Idaho. The US Forest Service has released a draft supplemental decision notice, finding no significant impact, as well as a supplemental environmental assessment. The move will pave the way for completion of exploration work at CuMo.

5 Top Copper Stories for Q1 2015

Copper – At the start of 2015, analysts were predicting more of the same for copper prices this year, and that forecast wasn't far off. Still, there was certainly some news from the sector this quarter. Here's a look at some of the top stories from Copper Investing News from the first quarter of 2015.

Copper Sees Improved Sentiment on Supply Issues

Copper – The copper price is still under $3 per pound, but the red metal continues to slowly creep upward as supply issues pop up. On Tuesday, the metal gained just over 1 percent to reach $2.76 per pound. Copper has been around that level since March 20, and has gained 11.74 percent since hitting a multi-year low in January.