Here's a list of the top 10 copper-producing countries of 2012.
Articles Tagged "australia"
Australia's central bank expects the mining industry to wind down from its high in about a year's time, and companies such as BHP Billiton have already postponed major copper project investments. But with supplies expected to tighten further, rival Rio Tinto is prepared to continue forging ahead with developing one of the world's biggest copper mines. Who's right?
Reuters reported that BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) may delay a decision on whether to go forward with the proposed $30 billion expansion of its South Australian Olympic Dam copper-uranium mine.
CNBC reported that the world's supply of copper will tighten beginning in late 2013 if BHP Billiton (ASX:BHP,NYSE:BHP,LSE:BLT) delays the expansion of its Australian Olympic Dam mine.
Mining Weekly reported that Cape Lambert Resources Ltd. (ASX:CFE) is going to sell its Leichhardt copper project, which is located near Mount Isa. It will use the A$25 million that it receives for the sale to develop its assets portfolio.
Thanks to its profitable mining giants, Australia has been able to thwart much of the pain that has plagued other governments worldwide. Looking ahead, though, mining groups are increasingly wary of investing too much too fast in mega-projects, and a slowdown in developing major copper mines may be on the horizon.
Bloomberg reported that Aditya Birla Minerals Ltd. (PINK:ABWAF) has stopped work at its Mount Gordon mine after rains caused damage.
Straits Resources Ltd. will sell its idled Whim Creek copper mine in west Australia to explorer Venturex Resources Ltd. for up to $9.2 million. For full story, click here
RWE Aust Business News declared that Sandfire Resources has received further outstanding high grade copper gold assay results from the first diamond core hole completed at its Doolgunna project in Western Australia. For full story, click here
Zambia’s Lumwana Mining Co. Ltd, a unit of Australia’s Equinox Minerals Ltd declared annual copper output will be much lower than the projected 170,000 tonnes due to production setbacks. For full story, click here