Tag: Copper

Canadian miner The Metals Company said on Thursday it had formally initiated a process under the US Department of Commerce to apply for exploration licenses and permits to extract minerals from the ocean floor.

London-based Palliser Capital on Friday said a proxy advisory firm has advised Rio Tinto shareholders to vote in favour of the hedge fund’s resolution to re-evaluate the unification of Rio Tinto’s dual-listed structure at the miner’s annual general meeting.

First Quantum Minerals Ltd. was cleared to begin shipping out stockpiled copper in Panama, the latest sign authorities may be willing to negotiate a restart of the company’s giant shuttered mine.

Mercuria Energy Group Ltd. and Glencore Plc renewed a deal to buy copper from the Democratic Republic of Congo’s state miner, responding to a push by the company to sell its share of output from joint ventures independently.

The Chinese government is getting serious about constraining the blind expansion of copper smelters, although its new policy is likely to pause rather than stop development.

Anglo American (LON: AAL) expects its De Beers diamond business to record another impairment this year amid declining sales.

Copper miner Freeport-McMoRan posted a better-than-expected fourth-quarter profit on Thursday, as higher prices for the metal offset a drop in production in the company’s Indonesian operations.

After launching the biggest boom in renewable power in history, China is now paying-up to make sure all that clean energy can get to homes and businesses.

Copper futures edged higher in London and New York as tentative signs of buying interest emerged following a string of losses sparked by growing worries about the strength of global demand.

Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources.

Rio Tinto Group contributed to widespread damage due to waste left at an abandoned copper mine in Bougainville, Papua New Guinea, and risks to local communities are ongoing, a report has found.

Norway has paused its controversial plans to mine the seabed in Arctic-reaching territorial waters after the Socialist Left Party (SV), a small left-wing environmentalist group, secured an agreement to delay the initiative in exchange for supporting the national budget.