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Gold Fields says will reach two-million-ounce production mark this year

By: Marleny Arnoldi     Updated 3 hours ago JSE-listed Gold Fields expects to reach its two-million-ounce milestone for the first time this year, as its Damang project, in Ghana, increases production, as the Gruyere project, in Australia, enters production and the Asanko joint venture, in Ghana, contributes for the full year. CEO Nick... 

Lundin net earnings down 30%

By: Mariaan Webb     25th April 2019 The first-quarter earnings of TSX- and Nasdaq Stockholm-listed Lundin Mining fell by 30% to $60.9-million, the Canadian base metals miner reported on Wednesday. The first-quarter earnings include a loss on Lundin’s equity investment in Finnish business Freeport Cobalt of $11.9-million, which was... 

First hybrid dump truck to cart copper at Codelco's El Teniente mine in Chile

By: Reuters     25th April 2019 The world's top copper miner Codelco has added its first hybrid dumptruck to its fleet at its El Teniente mine, the company said on Wednesday, in a global mining industry that is increasingly seeking to reduce its emissions and environmental footprint. The so-called Load-Haul-Dump truck, known... 

Antofagasta copper output rises as China fears threaten demand

By: Reuters     24th April 2019 Chile-focused copper miner Antofagasta posted a 22.6% jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices. Antofagasta said on Wednesday production in the quarter was bolstered... 

Teck starts 'quiet dialogue' on selling some copper projects

By: Bloomberg     24th April 2019 Teck Resources, focusing on its massive expansion of the Quebrada Blanca mine in Chile, expects to sell some or all of its stakes in two smaller Latin American copper projects by next year, CEO Don Lindsay says. The Zafranal and San Nicolas projects could be sold by early 2020, Lindsay said... 

Teck Resources beats profit estimates on energy business

By: Reuters     23rd April 2019 Canadian miner Teck Resources, the world's second-biggest exporter of steelmaking coal, reported a better-than-expected quarterly profit on Monday, boosted by its energy business and a slight increase in commodity prices. The miner said even though commodity prices were lower than a year ago,... 

Cornerstone and Newcrest in definitive Ecuador option agreement

By: Creamer Media Reporter      23rd April 2019 Australian major Newcrest has signed a binding option and farm-in agreement with exploration company Cornerstone Capital Resources over the Caña Brava and Tioloma properties in Ecuador, targeting epithermal gold/silver and porphyry gold/copper deposits. The agreement replaces the heads of... 

JXTG declines to comment on Caserones copper mine sale report

By: Reuters     23rd April 2019 JXTG Holdings, a Japanese oil refiner and miner, on Monday declined to comment on a media report that it is exploring the sale of its majority-owned Caserones copper mine in Chile. The Wall Street Journal said on Friday that JXTG is exploring the sale of Caserones, which could gain the company... 

Cochilco holds 2019 copper forecast at $3.05/lb

By: Reuters     18th April 2019 Chile's Cochilco State copper commission on Thursday held its estimate for the price of copper at $3.05/lb, rising slightly to $3.08 for 2020 on improving prospects for growth in China. Cochilco said it saw production in Chile, the world´s top copper producer, at 5.96-million tonnes for 2019 and... 

Green economy good news for copper producers – Antofagasta chairman

By: Reuters     18th April 2019 The global fight against climate change will boost demand for copper, a key metal used in the production of electric vehicles, Antofagasta chairperson Jean-Paul Luksic said on Wednesday. Luksic, speaking to reporters at Antofagasta's Los Pelambres mine in north-central Chile, said the global... 

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