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  • July 25, 2014
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  1. Business - Commodities - METALS

    Copper prices to remain stable until next year, predicts MMG mining chief

    Posted Jul 22nd 2014, 12:29am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com MMG mining chief's prediction comes as world supplies of metal expected to stay unchanged Copper prices to remain stable until next year The price of copper ... Xstrata's Las Bambas copper mining project in Peru. ...

  2. Business - Commodities - Copper

    Copper rises on brighter China factory data

    Posted Oct 24th 2013, 05:30pm by Reuters in Singapore

    ... primarily due to supply.” Citi sees the global copper market surplus widening to 450,000 tonnes next year from 300,000 tonnes this year as more mine supply comes on line. Reflecting a response ... Reuters in Singapore Copper prices increase in London on positive indications China's economy may have stabilised London copper climbed on Thursday from the near one-week lows touched ...

  3. Jiangxi Copper up 9.5pc on earnings surprise

    Posted Aug 28th 2008, 12:00am by Carol Chan

    ... yesterday. Investment bank Citigroup said it expected copper prices to jump in the next two years as speculative trade finished unwinding while copper mine production continues to miss forecasts. ... to take five years to build, included roads, a power plant, and a mine with an annual output of 200,000 tonnes of copper. He said following the completion of the Aynak mine in Afghanistan ...

  4. Business - Commodities - ACQUISITIONS

    Chinalco Mining sets sights on copper projects in Latin America

    Posted Apr 25th 2014, 12:45am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Metal unit keen on copper projects in Peru with its huge potential and friendly environment Chinalco sets sights on Latin America Chinalco Mining, the non-ferrous and non-aluminium metals unit of aluminium giant Chinalco, is seeking acquisition opportunities in Latin America for copper projects with long-term return rates of more than 10 per cent. ...

  5. News - World - MINING

    Chinese copper mine halts operations in Peru over pollution claim

    Posted Mar 30th 2014, 03:41pm by Reuters

    ... Reuters in Lima Chinese mine halts operations over pollution claim Chinalco Mining has shut down operations at its Toromocho copper mine in Peru after the country's environmental ... of the largest pre-production copper plants in the world. Toromocho began operations in December after investing US$4.8 billion in the mine. It is expected to produce around 300,000 tonnes of copper ...

  6. Business - Commodities

    Copper under pressure but analysts see support from strategic buying

    Posted Jul 24th 2014, 01:06am by Eric Ng and Chim Sau-wai

    ... Eric Ng and Chim Sau-wai Although mainland imports are slowing amid tighter credit, prices are seen benefiting from strategic reserve purchases and power grid plans Copper feels pressure but support in view While the worst fallout from the Qingdao metal-backed financing scandal may have passed, mainland copper imports are slowing, with volumes shifting from small traders to larger ...

  7. Business - Commodities - ACQUISITIONS

    China Minmetals near US$5b deal to acquire Glencore copper mine in Peru

    Posted Feb 08th 2014, 05:12am by Bloomberg

    ... Bloomberg in Beijing and Eric Ng China Minmetals near US$5b deal for Peru mine A group led by China Minmetals is nearing an agreement to purchase Glencore Xstrata's Las Bambas copper ... for the first five years, with a mine life of over 20 years. Its cash production cost will rank among the lowest 25 per cent of global copper mining projects. A spokesman for Glencore declined ...

  8. Business - Commodities

    Qingdao metals fraud probe focusing on Decheng Mining

    Posted Jun 12th 2014, 01:48am by BLOOM

    ... Bloomberg in Shanghai Banking sources say mining company's owner detained as part of metals fraud investigation Qingdao probe points to Decheng Mining China's investigation of whether metals stockpiled at Qingdao Port fall short of collateral obligations used to secure loans is focused on Decheng Mining, said two bankers assisting with the probe. Decheng's owner, ...

  9. Western Mining gets approval for Tibet mine

    Posted Nov 23rd 2007, 12:00am by Carol Chan

    ... Carol Chan Western Mining, a mainland integrated metal producer, has obtained government approval to develop the country's largest copper deposit, requiring a total investment of 1.82 billion yuan. Top mainland planning body the National Development and Reform Commission has given approval for construction to start on the first phase of Yulong copper mine, the Xining, ...

  10. Business - Commodities - TRADE

    Indonesia to revise mineral export tax rules

    Posted Jul 25th 2014, 01:35am by Reuters

    ... be issued in August but gave no other details. Earlier, other officials said the government was close to an agreement with Freeport-McMoRan Copper & Gold, the biggest mining company ... for another US miner, Newmont Mining Corp, and said it would take stern action against the company over the dispute. The two are Indonesia's top copper miners, and account for 97 per cent ...




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