Copper production surplus expected for2014-15: ICSG
The following copper market forecast for 2014 and 2015 was released by the Lisbon-based International Copper Study Group (ICSG). For more information on the ICSG, visit www.icsg.org.
Copper
Primero aims to turn around Black Fox
Primero Mining (TSX: P; NYSE: PPP) is adopting the turnaround strategy it used at its San Dimas underground gold–silver mine in Mexico to its recently acquired Black Fox gold mine near Timmins, Ont., where it aims for another success…
Ecuador Gold boosts resource at Santa Barbara ahead of PEA
VANCOUVER — Development potential is coming into focus for Toronto-based explorer Ecuador Gold and Copper (TSXV: EGX) at its flagship Santa Barbara gold–copper porphyry deposit along the Zamora belt in southeastern Ecuador. On March…
Capstone more than doubles Pinto Valley mine life
VANCOUVER — Six months after buying the Pinto Valley mine, Capstone Mining (TSX: CS; US-OTC: CSFFF) has shown that the copper–molybdenum–silver mine can be operated for at least eight extra years and produce a billion more…
Rio Tinto gives its Northern Dynasty stake to Alaskan charities
In yet another apparent setback for Northern Dynasty Minerals (TSX: MDM; NYSE-MKT: NAK) and its controversial Pebble copper-gold-molybdenum project in Alaska, Rio Tinto (NYSE: RIO; LSE: RIO) is giving its 19.1% stake in the company to two local…
Ivanhoe unveils Platreef PEA as drills hit Ga-Madiba
VANCOUVER — Robert Friedland’s Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) is sitting on an impressive platinum group metals (PGM) resource at its Platreef property, situated 280 km northeast of Johannesburg, South Africa,. And the…
Wallbridge to put Broken Hammer into production
Wallbridge Mining (TSX: WM; US-OTC: WLBMF) is building an open-pit mine in April at its Broken Hammer copper–platinum group metal project in Sudbury, Ont., and says production should start in June. Total capex is $1 million.
Denison bids for JV partner Enexco
VANCOUVER — According to chairman Lukas Lundin, Denison Mines (TSX: DML; NYSE-MKT: DNN) aims to be the “pre-eminent exploration company in the Athabasca basin,” and it has taken step in that direction with its friendly…
Shadowy Chinese loans behind copper’s decline
VANCOUVER — In recent years, as prices for many resources slide, copper has held its ground. Gold and silver stumbled, uranium and iron ore deteriorated, and coal and potash dragged, but copper simply settled from a five-year high of…
NovaCopper boosts resources at Bornite
VANCOUVER — Explorer NovaCopper (TSX: NCQ, NYSE-MKT: NCQ) has reason to be pleased with results of a busy 2013 field season at its Bornite copper deposit in northwestern Alaska’s Ambler mining district.
Enexco jumps on uranium hit at Mann Lake
International Enexco (TSXV: IEC) saw its shares climb 23% after announcing the thickest and highest grade hit yet from its 30%-held Mann Lake uranium property in Saskatchewan’s prolific Athabasca basin.
Altan CEO gets creative to finance greenfield exploration
VANCOUVER — It has been a lean two years for mineral explorers, and Evan Jones has seen just how tough capital markets have been on juniors, having guided sister companies Altan Rio Minerals (TSXV: AMO) and Altan Nevada Minerals (TSXV:…