Aluminum and Copper

Mining News Pro - Poland’s state-run mining company, KGHM, plans to sell its Robinson and Carlota copper mines in the United States and reinvest the proceeds in its domestic operations, two banking sources said.

Mining News Pro - Poland`s State-run mining company, KGHM, plans to sell its Robinson and Carlota copper mines in the United States and reinvest the proceeds in its domestic operations, two banking sources told Reuters.

Mining News Pro - Turquoise Hill Resources (TSX, NYSE: TRQ) announced on Thursday that its chief executive officer Ulf Quellmann is leaving the company after majority-owner Rio Tinto told the Canadian miner that it planned to vote against his re-election at the annual shareholders’ meeting in May.

Mining News Pro - Newcrest Mining chief executive Sandeep Biswas has observed increasing market interest in the company’s copper assets, saying the base metal is a commodity of the future as much as gold.

Mining News Pro - Rio Tinto plans to argue a $406.5 million tax bill from the Australian Taxation Office following its denial of reductions in interest from money borrowed in 2015

Mining News Pro - The copper price touched an intra-day high of $4.37 a pound last Thursday, not far off its all-time record of $4.58 a pound or more than $10,000 a tonne struck in February 2011. Earlier in the week nickel also reached levels last seen in 2011, trading at $19,689 on the LME.

Mining News Pro - Rio Tinto and the Mongolian government are said to have reached a new agreement governing the $6.75 billion expansion of the vast Oyu Tolgoi copper-gold mine in the Gobi Desert.

Mining News Pro - Phoenix Gold has entered into an option agreement to acquire a past producing copper and zinc mine in Newfoundland.

Mining News Pro - Barrick Gold Chief Executive Mark Bristow said on Monday that a combination with copper miner Freeport McMoRan “had a lot of logic to it” even though a deal between the companies did not pan out.

Mining News Pro - Executives at Brazil`s Vale, the world`s second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021.

Mining News Pro - Chile`s Codelco, the world´s top copper producer, reported pre-tax profits of $2.078-billion in 2020 and said it had upped output from its own mines by 2% to 1.618-million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Mining News Pro - Codelco, the world’s top copper producer, reported pre-tax profits of $2.078 billion in 2020 and said it had upped output from its own mines by 2% to 1.618 million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Mining News Pro - Peru`s Southern Copper, one of the world`s top copper producers, plans to push forward new and pending projects as demand from China and constrained supply helps propel a global price rally, an executive said.

Mining News Pro - Freeport-McMoRan is set to approve expansions at several of its US copper mines to capitalize on surging demand for the red metal as President Joe Biden moves to electrify the nation’s automobiles and combat climate change, Chief Executive Richard Adkerson told Reuters.

Mining News Pro - Copper could surge above a record to $12,000 a tonne in 18 months on new demand from green initiatives, a leading metals trader said, giving one of the most bullish forecasts yet for the metal.

Mining News Pro - Dual listed copper developer Orion Minerals on Thursday announced a A$25-million capital raising to fast-track the development of its two base metal production centers in South Africa.

Mining News Pro - Sandfire Resources has welcomed rising copper prices amid its transition towards becoming an international miner.

Mining News Pro - De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the coronavirus pandemic gathers pace.

Mining News Pro - Peruvian presidential candidate Yohny Lescano, second in polls ahead of an April 11 election, fired a warning to mining companies on Monday, saying if elected he would look to make the state the ultimate owner of resources in the copper-rich Andean country.

Mining News Pro - Copper kept its momentous run going on Monday, now closing in on an all-time high set in 2011, as investors bet that supply tightness will increase as the world recovers from the covid-19 pandemic.

In Picture