Мировые мощности по добыче медного сырья с 2009 по 2014 год увеличатся на 4,4% и достигнут 24,161 млн. тонн. Такое мнение высказали аналитики International Copper Study Group. По их словам, добыча будет расти в Чили, Бразилии, Конго, Замбии и Монголии. Именно здесь в ближайшие годы будет реализован ряд проектов по освоению новых месторождений. В свою очередь, технологические мощности по производству черновой меди в заданный период поднимутся на 2,6%, до 20,676 млн. тонн, а по выпуску рафинированного металла – на 3,5%, до 21,872 млн. тонн.

Медь обновила свои четырех месячные максимумы и достигла уровней $7585 за тонну, что является самым высоким показателем с 27 апреля текущего года. Спрос на металл был обеспечен со стороны его крупнейшего потребителя – Китая

Сейчас ряд производителей металла собираются сократить свое производство, т.к. текущая стоимость металла с трудом покрывает затраты на производство металла. Низкий уровень цен на медь сигнализирует, что спрос на металл пока не восстановился в мировой экономике. В первую очередь будет снижено производство на наименее прибыльных предприятиях или в регионах

Крупнейший производитель меди в КНР Jiangxi Copper построит новый завод по производству меди в провинции Гуандун. Об этом сообщает Reuters. Предполагается, что мощность будущего предприятия будет составлять 400 тыс. тонн медной продукции в год. Инвестиции в строительство завода оцениваются в 2 млрд. юаней (294,6 млн. долл.). Отметим, что в нынешнем году китайская корпорация планирует увеличить объемы производства рафинированной меди до 900 тыс. тонн. В минувшем году Jiangxi Copper выпустила 802 тыс. тонн указанной продукции.

Credit Suisse analyst Michael Shillaker has gone on record as predicting $10,000 copper by 2010, but this could yet be a fairly modest prediction

Rio Tinto is also in talks with Chinalco over the Oyu Tolgoi copper-gold mining project in Mongolia, which remains dogged by reports of Mongolian politicians’ opposition to Chinese participation.

It said it was sticking to a shareholders’ rights plan that had led its project partner to go to arbitration. The plan, adopted by Ivanhoe’s board in April, could make it difficult for Rio to take a majority stake in Ivanhoe, which is developing Oyu Tolgoi, a huge deposit of copper and gold slated to start production in 2013.

Rio Tinto, which owns 29.6 per cent of Ivanhoe, claimed in an arbitration filing last month that the plan breached its rights under a 2006 private placement agreement between the two companies.

“It is Ivanhoe Mines’ view that nothing in the private placement agreement prohibits Ivanhoe Mines from implementing a shareholders’ rights plan and that nothing in the shareholders’ rights plan breaches any of Rio Tinto’s existing contractual rights under the private placement agreement, as amended,” the company said.

Marc Faber spoke with CNBC about the state of emerging markets and, notably, frontier markets. He mainly focused on the potential of Mongolia and Ivanhoe Mines, of which he is a director.

IVANHOE Mines said its battle with Rio Tinto for control of Mongolia’s Oyu Tolgoi mine was continuing.

It said it was sticking to a shareholders’ rights plan that had led its project partner to go to arbitration.

The plan, adopted by Ivanhoe’s board in April, could make it difficult for Rio to take a majority stake in Ivanhoe, which is developing Oyu Tolgoi, a huge deposit of copper and gold slated to start production in 2013.

В 2011 году на мировом рынке будет наблюдаться дефицит меди. Такое мнение высказали представители компании Pan Pacific Copper, сообщает Bloomberg.

По их прогнозам, мировой дефицит металла в будущем году составит 200 тыс. тонн.

The Minister of Finance and Development Planning, Kenneth Matambo on August 9, 2010 met with a delegation of Members of Parliament from Mongolia who are in Botswana to learn how the country has successfully managed revenues from minerals.

The delegation consists of MPs who are members of the Budget Standing Committee of Parliament and their interest is in minerals as well as fiscal policy. Botswana has been selected together with Norway and Chile from which to benchmark.

When briefing the delegation of Mongolian MPs, Matambo told them that at independence in 1966, Botswana was one of the 25 poorest countries in the world and depended on grants from the United Kingdom to finance the government budget.

It’s no secret Ivanhoe (NYSE:IVN) is looking for even more financing for its Oyu Tolgoi mine in Mongolia, and Ivanhoe Chairman Robert Friedland has been seen a lot in the news lately letting people know about the incredible project they have in Oyu.

He’s been making some interesting comments a la Richard Branson to get the Ivanhoe brand stuck in the minds of potential investors.

Even though he was joking, and in reality probably marketing, Friedland made a comment which made the Oyu Tolgoi mine look like it was valued at trillions of dollars, rather than the approximate $16 billion it is known to be worth.

He also mentioned copper outperforming gold recently, citing the dubious claim that 20 years from now cars are going to be electric, and those cars will need copper for the batteries. That was the hook though, the reality is copper will continue to be in high demand over the next 20 years, and that will have nothing to do with electric cars.

Confusion surrounding reports about Ivanhoe Mines Ltd’s colossal joint venture with Rio Tinto Ltd in Mongolia has sent ripples throughout the global financial community, Ivanhoe says.

Many reporters at the Diggers and Dealers mining conference in Kalgoorlie, Western Australia on Wednesday suffered what is being referred to among journalists as a “Barnaby Joyce moment”.

They substantially misquoted a figure related to Ivanhoe’s Oyu Tolgoi gold and copper mine.

Mr Joyce, the leader of The Nationals party in the Senate, recently copped flak for confusing his millions with billions.

But Wednesday’s blunder saw “billions” substituted with “trillions”.

The mining promoter extraordinaire Robert Friedland was at his uber-cool best at last week’s Diggers & Dealers bash in Kalgoorlie, dispensing insights on the world of metals like he was reading them off a box of Corn Flakes.

Friedland is noted for being first among the miners to call the rise and rise of metals demand from China on its urbanisation and industrialisation boom. So when he talks, people listen.

He is the boss at the Canadian company Ivanhoe (owned 23 per cent by Friedland and 29 per cent by Rio Tinto). Ivanhoe owns 66 per cent of the world’s next great copper mine with associated gold output, the Oyu Tolgoi project in Mongolia’s Gobi desert, with the government holding the rest.

From all that you would expect him to bullish on the outlook for copper. He is a major bull.

Friedland pointed out that the while the world mined 585 million tonnes of copper metal from 1900 to 2008, it will need to mine 600 million tonnes of copper in the next 20 years alone, assuming 3 per cent global economic growth.

Ivanhoe Mines Ltd., developing the Oyu Tolgoi mine in Mongolia with Rio Tinto Group, said copper will outperform gold because of Chinese demand and the nascent electric car industry.

“We need more copper in the next 20 years than was mined in the last 110 years,” Ivanhoe Chairman Robert Friedland said today at the Diggers and Dealers conference in Kalgoorlie, Western Australia. “Those of us in the business don’t have any idea where this metal is going to come from.”

WHEN Robert Friedland last appeared at Diggers & Dealers he was asked whether he would mind speaking to the media after his presentation.

That was two years ago and he was asked politely.

“Why would I want to talk to that bunch of c. . .s,” was his reply, according to Diggers organisers.

And so it was unsurprising yesterday when the brash Canadian billionaire mining entrepreneur slipped the media net within seconds of finishing his 30-minute speech, escaping through a rear door and probably headed straight to Kalgoorlie airport, where his private jet was ready to whisk him away.

No one was quite sure how he did it, but one organiser wondered whether he had climbed down a drainpipe to make his rapid getaway. The legendary Ivanhoe Mines chairman was certainly in no mood to talk about his company’s soured relationship with Rio Tinto in the massive $US4 billion ($4.3bn) Oyu Tolgoi copper and gold project in Mongolia.

Ivanhoe Mines Ltd., developing the Oyu Tolgoi mine in Mongolia with Rio Tinto Group, said copper will outperform gold because of Chinese demand and the nascent electric car industry.

“We need more copper in the next 20 years than was mined in the last 110 years,” Ivanhoe Chairman Robert Friedland said today at the Diggers and Dealers conference in Kalgoorlie, Western Australia. “Those of us in the business don’t have any idea where this metal is going to come from.”

The Oyu Tolgoi mine, described by Rio Tinto as the world’s largest untapped copper and gold resource, is expected to produce an average 1.2 billion pounds of copper annually for the first decade. Copper futures in London and gold prices have gained 23 percent and 25 percent, respectively, in the past year.

Международная организация по борьбе с коррупцией Global Witness опубликовала доклад «Рисковый бизнес. Кто контролирует Казахмыс ПЛС?». Опираясь на данные собственного расследования, Global Witness утверждает, что «Казахмыс» – крупнейшая казахстанская компания по производству меди, – утаила от инвесторов принципиальную и финансово значимую информацию, когда размещала свои акции на Лондонской фондовой бирже в 2005 году. Информация касалась прочных коррупционных связей высшего руководства компании с президентом Нурсултаном Назарбаевым.

Каждая компания, которая намерена выйти на Лондонскую фондовую биржу, обязана предоставить информацию о бенефициарных владельцах акций за последние пять лет, а высшее руководство или члены совета директоров компании обязаны предоставить всю информацию о том, какие отношения существуют у компании с представителями государственной власти. Инвесторам важно знать, может ли государство (или правящие лица этого государства) влиять на деятельность данной компании, и какие изменения произойдут с компанией, если власть в государстве изменится?

Trading in the shares of Aluminium Corporation of China (Chalco) were suspended yesterday in both Shanghai and Hong Kong, ahead of a signing ceremony in Beijing later today where a joint venture with Rio Tinto is expected to be formalised.

Aluminum Corporation of China Ltd., the nation’s biggest producer of the metal, suspended its shares from trading pending an announcement on an “important discussion.”

Shares of the company that’s known as Chalco are expected to resume trading in Hong Kong and Shanghai on July 30, the Beijing-based company said in a statement. Parent Aluminum Corp. of China, also known as Chinalco, said it will hold a signing ceremony tomorrow in Beijing, without giving details.

Chinalco in March signed a non-binding accord to pay $1.35 billion for a stake in Rio Tinto Group’s Simandou iron ore project in Guinea. The state-owned company is “watching closely” for opportunities to invest in other overseas projects, including Rio’s Oyu Tolgoi copper project in Mongolia, Xiong Weiping, chairman of both Chinalco and Chalco, said March 29.

Commodities were booming as the growth story in the East continued to plough ahead – and the uranium price was no different. Uranium soared to $136 a pound from less than $10 between 2000 and 2007.

Then reality set in. The credit crunch caused an unwinding of the global economy and the uranium spot price plunged. It currently sits at $41.75. The price has collapsed by 69pc in a three-year bear market e_SEnD but speculation is mounting that China may be about to tip sentiment in the favour of bulls.

Talk has emerged of unprecedented levels of uranium buying from China. The canny Chinese have been buying stockpiles of a number of commodities while prices are low and it looks like they could have focused their sights on uranium.

Aluminum Corporation of China Ltd., the nation’s biggest producer of the metal, suspended its shares from trading pending an announcement on an “important discussion.”

Shares of the company that’s known as Chalco are expected to resume trading in Hong Kong and Shanghai on July 30, the Beijing-based company said in a statement.

Chalco’s parent company, known as Chinalco, is in talks with Rio Tinto Group to buy a stake in the $4.6 billion Oyu Tolgoi mine in Mongolia or the U.K. company’s partner in the project, Ivanhoe Mines Ltd., London-based Rio said July 7.

Chinalco has “indicated an interest in acquiring a minority equity stake in the company or acquiring, from the company, a direct minority ownership interest in the Oyu Tolgoi project,” Rio said at the time in a U.S. Securities and Exchange Commission filing, referring to Ivanhoe.

China’s state-owned aluminum giant Chinalco this week received approval from the Assets Supervision and Administration Commission of the State Council (SASAC) to include iron ore and other non-ferrous metals to its core businesses.

Beijing-based Chinalco, founded in 2001 with the merger of twelve aluminum companies, is the country’s largest aluminum producer and the country’s second-largest producer of copper.

It also produces non-ferrous metals like titanium and expects to be a leading titanium producer in the Chinese market.

The first big ‘new money’metals deal for an emerging market producer in 2009 has been arranged by Rabobank. Jonathan Bell examines the background and detail of a classic deal that breaks the deadlock of a metals commodity banking market wrapped up in restructurings.

Major U.S. engineering and construction group, Fluor Corporation, has announced that it has reached an agreement with Ivanhoe Mines to move forward with full-scale work at the latter’s Oyu Tolgoi gold and copper mine development project in southern Mongolia. Fluor’s scope of work will include overall program management (PM) as well as engineering, procurement and construction management (EPCM) for select portions of the construction of the huge mining complex, which will work one of the world’s largest known copper- gold deposits. As a result, Fluor has booked approximately $1 billion into backlog for the project during the second quarter of 2010.

Beginning in late 2005 Fluor has already carried out a strategic planning review of the integrated development plan (IDP-05) for the Oyu Tolgoi project including a strategic assessment of the concentrator facilities development. Since completion of that work, Fluor has continued to be involved in the project providing site support services and preliminary engineering in preparation for the commencement of full-scale construction. Now, with a definitive agreement in place, Fluor will be in charge of overall PM as well as EPCM-related services for the ore processing plant and mine-related infrastructure such as roads, water supply, a permanent airport and administration buildings.

Vancouver-based Ivanhoe Mines has appinted BNP Paribas, Standard Chartered and Export Development Canada (EDC) to complete its core lender group of five financial institutions that will lead the arrangement of a project finance debt package for the Oyu Tolgoi copper and gold mining complex in Mongolia.

Ivanhoe said in May that it had signed a joint mandate letter with the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) for evaluation of a major financing package for the project, which is expected to cost $4,6-billion.

“The completion of the assembly of the core lender group is a key step in the process of securing the Oyu Tolgoi financing package, which we expect to close in the first quarter of 2011,” executive chairperson Robert Friedland said said in a statement on Monday.

Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN)(NYSE:IVN)(NASDAQ: IVN), and John Macken, President and Chief Executive Officer, announced today that Ivanhoe Mines has appointed BNP Paribas,

Standard Chartered and Export Development Canada to the core lender group of five financial institutions that will lead the arrangement of a project finance debt package for the Oyu Tolgoi copper and gold mining complex in Mongolia.

Entrée Gold has filed a comprehensive NI 43-101 Technical Report (ETR10) which outlines the history and exploration of the Lookout Hill Project and discusses various scenarios related to future development of the Oyu Tolgoi mining complex and, more specifically, the Entrée-Ivanhoe Joint Venture Property.

ETR10 includes information from Ivanhoe Mines’ integrated development plan (IDP10) prepared for the Oyu Tolgoi project.

Entrée has supplemented the work in IDP10 with additional analysis specific to the company and its holdings in the Oyu Tolgoi project area. This additional work has been prepared to examine further aspects of the mineral reserve, metal price sensitivities, real options analysis, Heruga and additional production options.

Ivanhoe Mines executive chairperson Robert Friedland isn’t one to shy away from a fight.

He’s been involved in various lawsuits, and has personally written angry letters to major news publications regarding their coverage of the Canadian junior, which owns the prized Oyu Tolgoi project in Mongolia.

Now, Friedland’s come to blows with Ivanhoe’s biggest shareholder, Rio Tinto – the third biggest miner globally.

The dispute arose a week ago, when Rio Tinto said it was taking the Vancouver-based firm to arbitration over its implementation of a shareholder rights plan, which basically prevents the UK major from buying shares in the open market over and above what the two companies agreed on back in 2006, after the standstill period ends in October next year.

To do so, under the shareholder rights plan, Rio Tinto would have to make an offer to all shareholders. It already owns 29% of Ivanhoe, and still has the option to take up additional shares and convert a $350-million loan that would see it holding 44% of the company.

The world of mining finance is watching how a deposit rediscovery, leading to a USD 4.6bn mine build, financed by others, can potentially create billions of dollars worth of gains for the “finders” of the rediscovery. That seems to be the lesson from Mongolia’s Oyu Tolgoi, in a saga that can be traced to 27 October 2006, when transnational miner Rio Tinto completed a first private placement with a cash-strapped Ivanhoe Mines.

Now the two parties are in something of a row. Rio Tinto announced on Monday this week that it had told Ivanhoe that it’s taking to arbitration Ivanhoe’s “breaches of the private placement agreement caused” by Ivanhoe’s adoption of a shareholders rights plan on 5 April.

Ivanhoe reacted – in part – by declaring that it has “exercised its contractual right and given 60 days advance notice to Rio Tinto of a forthcoming change in the agreement governing Rio Tinto’s investment in Ivanhoe Mines”. That, in short, means termination of a covenant that’s restricted Ivanhoe’s ability to issue shares to “strategic investors”.

A dispute between Rio Tinto and Canada’s Ivanhoe Mines over a Mongolian copper and gold mine escalated on Wednesday when the Vancouver-based company suggested it was opening the door to “third-party strategic investors”.

Ivanhoe said its board voted on Tuesday to terminate a clause in a 2006 pact between the two companies that prevents Ivanhoe from issuing more than 5 per cent of its shares to third parties.

The move means Rio, the financier of the Mongolian mine at Oyu Tolgoi near the Chinese border, faces the threat of dilution of its holding in Ivanhoe or the possibility that another miner may gain a foothold on the project. Rio said it was “very confident of its existing rights under the private placement agreement with Ivanhoe [from 2006]”. However, on Monday, the Anglo-Australian miner launched arbitration against Ivanhoe over an earlier complaint.