Mining industry
Copper futures traded near steady on Tuesday as signs of easing pressures in Europe after successful debt auctions drew some buyers back to the market after the previous day's selloff. The Comex March copper contract was down 0.1 cent at $3.463 a pound, with copper flat
Mining industry
Copper prices fell to a two-week low on the Comex division of the New York Mercantile Exchange, as investors remained skeptical about Europe's progress towards combating its debt crisis. The March delivery contract fell 2.25 cents, or 0.7%, to settle at $3.4415 a pound, amidst
Mining industry
Insider trading reports and equity research have been released for several major companies, including JPMorgan, Affymax, Sirius XM Radio, Freeport-McMoRan, Ciena, and THQ. These reports provide insights into insider trading activities and company performance. Notably, JPMorgan's Chief Executive Officer Jamie Dimon forecast "flat" investment-banking revenue and
Mining industry
HudBay Minerals Inc. CEO David Garofalo sees a continuation of mining dealmaking in the coming year as cash-rich miners seize opportunities presented by falling commodity prices and global growth concerns. The company isn't planning to make a competing bid for Quadra FNX Mining Ltd. but is open to
Mining industry
The South Australian government has approved an expansion of BHP Billiton's Olympic Dam uranium and copper mine, but an Aboriginal elder and anti-nuclear campaigner, Kevin Buzzacott, is urging the government to reconsider. Buzzacott, a president of the Australian Nuclear Free Alliance, claims that the long-term impacts of the
Mining industry
The global mining industry has been marred by disputes and challenges in recent days, with various developments impacting the supply and demand of key metals such as copper and zinc. In Australia, the government has approved a major expansion of the BHP Billiton-operated Olympic Dam mine, but with over 100
Mining industry
Vedanta Resources PLC, a London-listed company with a focus on India, released its second-quarter output results, which showed a mixed picture. While the company reported increases in zinc, lead, copper, and power output, its iron ore and aluminum output decreased. Key Takeaways: * Second-quarter India refined zinc production rose 5% year-over-year
Mining industry
Indonesian mining company PT Newmont Nusa Tenggara has been recognized for its outstanding environmental management practices, winning the prestigious Aditama award from the Energy and Mineral Resources Ministry for the second time. The company, which operates gold and copper mines in Batu Hijau, West Sumbawa, has demonstrated its commitment to
Mining industry
Copper prices fluctuated Friday, buoyed by production disruptions at the world's largest mine, the Escondida mine in Chile, while weakened US GDP growth weighed on prices earlier in the session. The strike, which began on June 21, has lasted a week and shows no signs of resolution, with
Mining industry
The weakening dollar and an ongoing labor strike at the world's largest copper mine have contributed to a boost in copper and crude oil futures, with copper reaching its highest levels since early April. The price of copper for September delivery settled at $4.4780 a pound, a
Mining industry
Unionized workers at Escondida copper mine, controlled by BHP Billiton Ltd., are considering a 24-hour strike for Friday due to unmet contract demands. The strike could potentially result in the loss of 3,000 metric tons of copper production, putting additional pressure on already-strong international copper prices. The workers, led
Mining industry
India's benchmark stock index, the Sensex, rose 0.8% to 18,653.87 at the close in Mumbai, led by gains in lenders after a major bank reported quarterly earnings in line with analyst estimates. The rally was also fueled by a rebound in European shares, which eased
