For some time now, market watchers have noticed BHP Billiton’s growing interest in copper, but on Thursday, the company specifically talked about how it expects to favor the red metal much more than iron in the near future.
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Juniors are usually responsible for discoveries and early stage exploration, but 2014 has seen bigger miners spend their fair share on exploration as well.
While many jurisdictions claim to be “mining friendly,” Nevada could actually take the cake as one of the most favorable places for miners to be. Here’s a look at copper mining in the district of Yerington, Nevada.
Nevsun was up roughly 13 percent during morning trading hours, largely on news that mining fund QKR might be making a $1-billion bid for the company.
With news of a possible billion-dollar takeover bid for Eritrea-focused copper miner Nevsun Resources making headlines, investors are probably scratching their heads about QKR.
Canadian copper miner Nevsun Resources released its third-quarter results last Thursday, and they show increased copper production as well as higher copper grades. That’s given analysts plenty to mull over and praise.
Reuters reported that Mopani Copper Mines, owned by Glencore Plc (LSE:GLEN) has put roughly $800 million in Zambian copper projects on hold following the government’s witholding of $200 million in tax refunds.
Ivanhoe Mines (TSX:IVN) is often best known for its Platreef platinum and palladium project in South Africa, but it’s worth remembering that the company holds a 95 percent interest in one of the world’s largest copper discoveries as well.
Avrupa Minerals (TSXV:AVU) is a growth-oriented, junior exploration and development company based in Vancouver, British Columbia. Using their unique prospect generator model, Avrupa Minerals’ focus is on aggressive exploration for valuable mineral deposits in politically stable and prospective regions of Europe, including Portugal, Germany and Kosovo.
As companies continue their hunt for copper, one African country is on the outside looking in.