Minmetals says power cuts hit copper target at DRC mine

China's Minmetals Resources said on Wednesday its copper mine in Democratic Republic of Congo would fall short of production targets due to power disruptions. "These disruptions have resulted in the rescheduling of mining operations and a...

Red Crescent close to offtake deal for Turkey project, sees revenue by yr-end

TSX-listed Red Crescent Resources is “very close” to signing a concentrate offtake agreement with a top metals trader, CEO Alan Clegg said on Friday. The company plans to start up a small-scale processing plant at its 50%-owned Hakkari zinc...

Korean deal seen as stumbling block to potential Oz bid for Sandfire

Australian copper producer Oz Minerals would likely be facing a tougher challenge if it wished to make with takeover offer for fellow listed Sandfire Resources, analysts said on Monday. This comes after Sandfire inked a A$93,3-million deal with...

Chinese companies talk to UK miner about Sierra Leone iron-ore

British mining company London Mining has revealed that it is in talks with major Chinese groups about its Marampa iron-ore project in Sierra Leone. “We’re having these discussions now,” London Mining CEO Graeme Hossie told Bloomberg News....

$1,39bn OZ Minerals deal secures Chinese entry into Australian mining

Shareholder in OZ Minerals last week approved a plan to sell $1,39-billion of assets to China Minmetals Group to cut debt after the Chinese company sweetened its offer yesterday to fend off rival proposals. About 92% of shareholders voted in...

Moly price well above $10/lb needed to fund new supply – Thompson Creek CEO

The molybdenum price will need to rise significantly from the current level around $10/lb, if the industry is to invest in new production that will be needed to meet future demand, Thompson Creek Metals CEO Kevin Loughrey said on Wednesday....

Copper prices rise as China's economy grew more than forecast

Copper prices rose in London and New York as the economy of China, the world's largest consumer of the metal, grew at the fastest pace in more than a decade.