Tag: Copper

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.

Newmont (NYSE: NEM, TSX: NGT, ASX: NEM) has applied to extend the permit for its Cadia operation, Australia’s largest underground mine, until 2050.

Vale (NYSE: VALE) will hold a public hearing at the end of October as part of the process to advance its $500 million Bacaba copper project in Brazil’s northern state of Pará.

Mining associations, whose members or participants include almost 100 companies, have launched a 60-day public consultation on a program aimed at providing a consolidated standard for the sector’s environment, social issues and governance (ESG).

Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.