Rio Tinto’s Jean-Sébastien Jacques: World on the Edge of a New Metals Age

Rio Tinto’s Jean-Sébastien Jacques: World on the Edge of a New Metals Age

This week was CESCO week in Santiago, Chile. It's one of the more notable events in the copper space, and at this year's conference, Rio Tinto's chief executive for copper and coal, Jean-Sébastien Jacques, shared his thoughts on the long-term outlook for copper and what the industry needs to be focused on right now.

10 Top Copper-producing Countries

The US Geological Survey has released its most recent set of data on copper-producing countries.

Zambia Won’t Raise Mining Royalty to 20 Percent

Roughly four months after Barrick Gold halted operations at its Lumwana mine in Zambia due to higher royalties in the country, the government is set to change its decision on the royalty hike.

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Videos

Gianni Kovacevic Likes ‘Green’ Commodities

Resource Investing News was able to chat with Gianni Kovacevic, a speaker at VRIC, about his outlook for the copper market. Kovacevic, chairman of Copperbank Resources, authored the book My Electrician Drives a Porsche? last year.

Elmer Stewart of Copper Fox Metals: Van Dyke Still Has Room to Grow

Elmer Stewart, CEO of Copper Fox Metals, discussed his company's projects with Resource Investing News at VRIC. Specifically, Stewart touched on the recently released initial resource estimate for the company's potential in-situ Van Dyke copper project in Arizona, noting that the deposit remains open for expansion.

Company News

Freeport Poised to Overtake Codelco as Top Producer

Bloomberg reported that Freeport McMoRan (NYSE:FCX) is set to move ahead of Chile's Codelco as world's biggest copper producer next year, as the miner continues to expand operations despite lower copper prices.

Foran Mining Drills Best Hole To-Date at Bigstone Copper Zone: 2.0% Copper over 105m

Foran Mining Drills Best Hole To-Date at Bigstone Copper Zone: 2.0% Copper over 105m

Foran Mining (TSXV:FOM) intersected 2.03% copper over 104.94m, including 4.11% copper over 20.35m and 3.16% copper over 19.00m in hole BS-15-239 -- its best drill result to-date from the Bigstone Copper Zone in Saskatchewan, which is 25km away from its McIlvenna Bay deposit. Drilling at the Bigstone deposit has been completed, with results from the remaining four drill holes anticipated in the coming weeks.

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Company Videos

Foran Mining Corporation States Priority for 2015

Foran Mining Corporation (TSXV:FOM) CEO Patrick Soares spoke to the Investing News Network about its focus on 2015, as well as its Balsam property, located southeast of its flagship McIlvenna Bay Deposit near Flin Flon, Saskatchewan. “2015 is going to bring us a lot of excitement,” says Mr. Soares. Foran recently announced the expansion of [...]

Montan Mining CEO Ian Graham Targets Cashflow in 2016

Montan Mining (TSXV:MNY) commenced trading on the TSX Venture Exchange today. The Company is focused on advancing the 26-sq-km Alicia Project in southern Peru which has high-grade copper potential. CEO Ian Graham spoke to the Investing News Network at the 2015 PDAC conference in Toronto and said, "we'll be looking to take our company into near-term cashflow."

Revelo Resources CEO Says Expect Further Acquisitions and Exploration in 2015

Revelo Resources Corp. (TSXV:RVL) President & CEO, Timothy Beale, spoke to Resource Investing News at the Vancouver Resource Investment Conference 2015 about his recently formed company, which was born out of the merger between Iron Creek Capital Corp. and Polar Star Mining.

Market News

Potential for M&A Rising in the Copper Space

A report from Bloomberg suggested that falling mine grades, a scarcity of new deposits and high costs to develop projects amidst low prices could spark M&A activity in the copper space. Prices have fallen roughly 17 percent in the past two years, helping to make some producers more affordable.

CRU Doesn’t See a Swift Recovery for Copper Prices

CRU director of copper research and strategy, Vanessa Davidson, suggested that the worse could be over for copper prices, but also stated at the recent CRU copper conference that the metal is unlikely to see a swift recovery, Reuters reported. In spite of recent supply troubles and slightly more optimistic price outlooks from some analyst firms, CRU sees the market heading into surplus next year.

Copper Falls to $5,918 a Tonne

Copper on the LME dipped to $5,918 a tonne for a 0.45 percent drop following reports of slowing GDP growth in China, the metal's biggest consumer, according to Reuters.

Copper Price Falls to $5,940 a Tonne

Copper on the LME was down 0.8 percent on Tuesday and hit $5,940 a tonne, according to Reuters. Investors moved away from the metal ahead of China releasing economic growth data.

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