Эх сурвалж: www.mineweb.co.za
Copper miners strike optimistic note on medium-term prices
Copper prices could be held down by rising supply from mines in the next couple of years but are set to surge after that due to a dearth of monster projects and bottlenecks at refineries, senior executives at top copper producers said on Wednesday.
Copper in supply deficit for fifth successive year
Is deflation looming? Or are the commodity markets warning of a major economic crash ahead? If one follows them one of these scenarios (or a combination of both) is looking very much on the cards. Take copper, renowned as a global industrial bellwether, for example. According to the latest estimates from the International Copper Study [...]
The coal industry is in a state of denial – Russell
These days you would expect a gathering of coal industry executives to be a fairly gloomy affair, given the drop in prices to near seven-year lows, the increasing threat of regulation to control pollution and the general image of the fuel as the main climate change culprit.
Saxo Bank: Watch copper and gold in Q4
The fourth quarter of 2014 is likely to be a bumpy one for commodities and smart investors are going to have to factor in geopolitical risk, a rising US dollar and a slowdown in Europe in China if they are participating in the sector.
Uranium: Not if but when
Presenters at a uranium seminar organised this week by the London branch of Women in Mining, and sponsored by Fission Uranium, from a broad spectrum of the industry were all in agreement that uranium prices would likely rise substantially, but perhaps not yet – only in the medium to long term. And medium to long [...]
More Mongolian mining difficulties – this time with coal
Erdenes Tavan Tolgoi which owns rights to most of the massive Tavan Tolgoi coal deposit – has had to cease production in a financial dispute with contractor Macmahon Holdings.
China steel output growth doesn’t gel with coking coal
Something doesn’t quite add up with China’s rising steel production, with falling coal output and imports so far this year.
Uranium price rebound could be fast – Areva
French nuclear group Areva expects uranium prices – under pressure since Japan’s Fukushima accident more than three years ago – to rise again, perhaps later this year or next, a company official said on Monday.
Asian coal miners pursuing self-defeating output gains – Russell
Clyde Russell argues Asian coal producers are currently their own worst enemies, raising output in a bid to boost revenue in order to make up for lower prices.
Copper is pathological and suffers from SAD, but it has value – Goldie
Dr. Copper may be in a supercycle, but there are serious problems. Raymond Goldie explains that the base metal acts pathologically and has a bad case of seasonal affective disorder. Gold Report interview.
Australia iron ore, copper production to increase – BREE report
Fresh from the defeat in Australia’s Senate of the Liberal Party’s proposed repeal of the Mining Resources Rent Tax, the country’s Ministry for Industry Ian Macfarlane Wednesday declared, “This government is firmly behind our miners and our mining industry.”
Copper surplus at risk from global disruptions at mines
A surplus of copper predicted for this year is at risk of shrinking because of potential disruptions at mines around the world, according to researcher Wood Mackenzie Ltd.
Mass permit revocation puts Mongolia’s credibility back in spotlight
Mongolia’s Mineral Resource Authority, which issues mining and exploration licenses, recently revoked 106 exploration licenses that it had earlier given out under the tenure of its former, and since jailed, Chairman, D. Batkhuyag. But, it was more a formality, really, than anything else. Back in January a Mongolian court found Batkhuyag guilty of corruption and [...]
Uranium investors, ignore the noise!
Uranium prices and mining stocks are low, but market forces will push them both higher in the next 12–24 months, says David Sadowski. Miners are jockeying for position and the Raymond James mining analyst tells The Mining Report to expect mergers and acquisitions as they prepare for the good times to come. The market’s supply [...]
China considers lifting coal export tax in 2014 -paper
China, the world’s top producer and consumer of coal, is considering scrapping a 10 percent tariff on exports of steam coal from 2014 to rebalance domestic supplies, the 21st Century Business Herald reported.
Copper surplus impact to hit prices next year – analysts
A combination of stronger demand from China and delays in processing ore into refined metal has left the market more balanced than expected at the start of the year.
Russia to spend $1bn in rare earths to cut dependence on China
Russia will invest $1 billion in rare earths production by 2018 in a bid to become less dependent on China, which controls more than 90 percent of global supply of the elements used in sectors including defence, telecommunications and renewable energy.
Turquoise Hill Financial Results for Second Quarter of 2013
VANCOUVER, CANADA – Turquoise Hill Resources today announced its financial results for the quarter ended June 30, 2013. All figures are in US dollars unless otherwise stated.
Rio Tinto sees Mongolia nod for copper exports soon
Rio Tinto could be two weeks away from gaining Mongolian approval to ship copper from its Oyu Tolgoi mine, helping offset a slide in revenue from its U.S. copper business as it faces pressure to slash costs and sell non-core assets.
Copper above $7,000 but economy remains concern
Copper gained on Wednesday, rising above $7,000 a tonne briefly, as investors bargain hunted following hefty falls, but further gains were capped by uncertainty about the outlook for global economic growth.
Ivanplats – separating the fact from the hype
Some feel that Ivanplats Executive Chairman and founder, Robert Friedland is perhaps rather overpromotional in his presentations about his company. Be this as it may he does have a remarkable track record in, if not finding, then identifying the potential, of at least two of the world’s most significant recently discovered mineral deposits – Voisey’s [...]
Mongolia looks to arrest mining investment slump
Mongolia is starting to take steps aimed at arresting a slide in investment in its crucial mining sector, looking to curb uncertainty over regulations that has been blamed for stalling copper and coal projects. Even so, miners remain cautious.
Aspire needs rail approval to start Mongolia coal mine on time
Aspire Mining Ltd., the Australian company seeking to build a coal mine in Mongolia, said it needs government approval for a rail line by the end of the year to meet its production target.
New copper projects in ‘geopolitical risk’ areas – Codelco
About two-thirds of new copper projects are located in areas of “higher geopolitical risk,” according to Codelco, the world’s biggest producer of the metal.
S&P downgrades Rio Tinto outlook to negative, citing debt risk
Standard & Poor’s Monday downgraded Rio Tinto’s outlook from stable to negative, citing a risk that the mega-miner’s debt may increase further in 2013-2014, “unless the company makes large disposals or iron ore prices stay well above $120/tonne CFR [cost and freight] China.”