BHP Billiton is understood to have made a substantial copper discovery in the remote West Australian outback, in a move that could finally help open up the potential of the West Musgrave region.
Industry sources told The Australian that recent drilling by BHP at the Succoth prospect had returned broad intersections of copper mineralisation at relatively high grades.
(Reuters) – Rio Tinto has hired investment bank Macquarie to sell its majority stake in the Northparkes copper mine in Australia, a source familiar with the matter said, adding to a growing list of planned divestments.
http://www.reuters.com/article/2013/04/04/riotinto-northparkes-idUSL5N0CR3Q220130404
The Tokyo-based company forecast refined copper output will fall to 423,000 metric tons in the year started April 1 from the previous year’s estimated output of 436,000 tons, it said in astatement today. The company plans to increase electrolytic nickel production by 30 percent to 53,200 tons, it said.
LONDON, Feb 21 (Reuters) – The world’s warehouses are packed with ever more metal like copper that industrial users think they can use if needed, but they could suffer costly surprises: big financial firms have other plans for the material.
http://www.reuters.com/article/2013/02/21/metals-stocks-squeeze-idUSL5N0B8BXE20130221
Rio Tinto is looking into restarting its Panguna mine in Papua New Guinea, one of the world’s largest sources of copper and gold.
http://www.reuters.com/article/2013/02/07/riotinto-australia-bougainville-idUSL4N0B72ZC20130207
Copper in London jumped by the most in almost a month on expectations that a recovering Chinese economy will boost demand from the largest user. Aluminum, zinc, lead, nickel and tin also advanced.
http://www.bloomberg.com/news/2012-12-27/copper-in-london-gains-most-in-a-month-on-china-demand.html
MANILA, Philippines—Swiss mining giant Xstrata has set back the commercial production of its $5.9-billion project in the Philippines to 2019 due to problems with security and the government, the company said Wednesday.
http://business.inquirer.net/97991/xstrata-mine-in-philippines-set-back-to-2019
LONDON, Sept 13 (Reuters) - Copper hovered on Thursday near four-month highs hit in the previous session as investors awaited the outcome of a U.S. Federal Reserve meeting that was expected to unleash fresh monetary stimulus measures. http://www.reuters.com/article/2012/09/13/markets-metals-idUSL3E8KD3U020120913
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