Codelco leads $11 billion mining capital raising in 2019

Codelco leads $11 billion mining capital raising in 2019

A new report by GlobalData shows the value of capital raising deals in the metals and mining sector increased from the final quarter last year to over $11 billion in Q1 2019, despite the number of agreements inked falling sharply. GlobalData said...

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Copper market faces larger shortages, supply issues simmer

Copper market faces larger shortages, supply issues simmer

Copper’s price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market. Copper is used in...

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Eldorado Gold Shares up 14% on Optimism Over Greek Snap Election

Eldorado Gold Shares up 14% on Optimism Over Greek Snap Election

Shares of Eldorado Gold rose as much as 14.6% on Monday on optimism that a snap poll called by Greece could result in the election of a new business-friendly party and help resolve permitting problems the miner has faced for years. Greek Prime...

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Coking coal price to remain elevated in 2019— report

Coking coal price to remain elevated in 2019— report

In its latest industry trend analysis, Fitch Solutions sets the coking coal price forecast for 2019 at $195/tonne. The analysts predict prices will remain elevated, with strong demand from China’s steel sector as US-China relations...

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Iron ore is surging, but not all producers are joining the party — opinion

Iron ore is surging, but not all producers are joining the party — opinion

While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty. It’s no surprise that Brazil’s Vale is struggling. After all, it is largely the...

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Iron ore price tops $100 a tonne for the first time in 5 years

Iron ore price tops $100 a tonne for the first time in 5 years

Brazil’s Vale’s warning  that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year...

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British Columbia miners post record revenues in 2018

British Columbia miners post record revenues in 2018

British Columbia’s mining sector posted positive results for the second straight year in 2018 coming off a period of lower commodity prices and reduced activity, according to PwC Canada’s latest BC Mine report. In total, BC miners...

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Faltering metals get check-up as industry gathers in Hong Kong

Faltering metals get check-up as industry gathers in Hong Kong

Base metals have had a shaky start to 2019, with a cautious first-quarter advance giving way to an April drop on uncertainty about the global economy and the impact Chinese stimulus will have on consumption. Clouding the outlook are mixed signals...

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Chile’s Codelco kicks off underground mining at Chuquicamata

Chile’s Codelco kicks off underground mining at Chuquicamata

Chile’s Codelco, the world’s No. 1 copper producer, has begun underground operations at its century-old Chuquicamata mine, ahead of schedule and with more than 8,000 tonnes of ore already extracted since early April. Block-caving, originally...

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China’s metals imports robust despite macro doubts

China’s metals imports robust despite macro doubts

Industrial metal markets are taking a breather as they await tangible evidence that China’s latest stimulus package is feeding through to a flagging manufacturing sector. April’s purchasing managers indices, weaker than expected but...

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China’s iron and steel association warns on over-capacity, shrinking profits

China’s iron and steel association warns on over-capacity, shrinking profits

China’s Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits. The country’s sprawling steel sector...

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