Copper | South China Morning Post
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  • Mar 30, 2015
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Copper

MMG sets 10pc floor for return on acquisitions

Hong Kong-listed MMG, led by chief Andrew Michelmore, is interested in mining projects that are already well advanced. Photo: Bloomberg

MMG, the overseas non-ferrous metals mining unit of state-owned China Minmetals, will consider as acquisition targets only assets and projects with at least a 10 per cent return, even though it enjoys low financing costs thanks to its parent firm's connections.

Tuesday, 18 March, 2014, 5:16am

Copper rises on brighter China factory data

BHP Billiton's Olympic Dam copper mine in South Australia. Photo: AFP

London copper climbed on Thursday from the near one-week lows touched the session before, boosted by improving manufacturing growth in the world’s No1 metals consumer China.

Activity in China’s giant manufacturing sector picked up in October, a preliminary survey showed on Thursday, suggesting the economy may have stabilised, though a strong rebound remains elusive.

24 Oct 2013 - 5:49pm

China's demand for copper, aluminium expected to rise in 2014

Building of railway lines and other infrastructure will continue to add to the demand for copper. Photo: Reuters

China is expected to import more refined copper next year as Beijing steps up building of power networks, rail lines and low-cost homes, while domestic production is likely to be squeezed by tight scrap supply, industry sources said.

7 Oct 2013 - 10:36am

Being right too early is as bad as being wrong

Being right too early is as bad as being wrong

I was wrong, badly wrong. Back in February this column looked at the prospects for commodity markets in 2013. With prices down, and major mining companies announcing losses, I examined the arguments that prices had further to fall.

17 Apr 2013 - 5:36am 2 comments

China Gold ramps up production on the mainland

China Gold has been looking for overseas mining acquisitions.

China Gold International Resources, the overseas-listed flagship of the nation's largest gold producer China National Gold Group, plans to spend C$705.11 million (HK$5.51 billion) to expand the output of its copper mine in Tibet by sevenfold by 2015.

22 Jan 2013 - 4:12am

China takes a bold step in Afghanistan

A miner unloads coal from donkeys at a mine north of Kabul. Photo: AFP

While the West is pulling out of Afghanistan, China is scouting out the strife-torn country's natural resources, estimated to be worth trillions of US dollars.

Last year, Afghanistan's Ministry of Mines declared that 30 per cent of the country's land contains US$3 trillion of mineral resources. Getting the wealth out of ground, however, poses big political and security risks.

5 Dec 2012 - 3:12am

Calls grow for probe into police violence at Myanmar mine

Demonstrators hold posters and Buddhist flags as they march during a protest against Myanmar authorities' violence on monks and villagers of the Monywa copper mine project. Photo: EPA

Buddhist monks marched in Myanmar’s two biggest cities on Saturday to protest at police violence during a crackdown on demonstrators at a copper mine.

1 Dec 2012 - 8:32pm

Mine row in Myanmar tests hopes of reform

Opposition leader Aung San Suu Kyi reaches out to supporters as she leaves after a public meeting close to Letpadaung mine. She has taken a soft line on the conflict, suggesting Myanmar honour the mining contract. Photo: AP

Six camps used to dot the lush countryside around the Letpadaung Mountain near Monywa, in Upper Myanmar. They were set up by protesters against a vast copper mine project. On Thursday morning, three were cleared off in an unexpectedly violent crackdown by police.

1 Dec 2012 - 3:45am

China copper imports drop to 15-month low

China’s copper imports dropped 18.5 per cent in October to hit its lowest level in 15 months. Photo: EPA

China’s copper imports dropped 18.5 per cent in October to hit its lowest level in 15 months, while iron ore imports also fell to a one-year low, which was partly caused by a week-long holiday at the start of the month.

10 Nov 2012 - 1:07pm

Mongolia’s white-hot growth slows on China woes

Cranes dot the skyline in Ulan Bator, where double-digit economic growth has helped the resource-rich country weather the global financial crisis. Photo: SCMP

Mongolia’s white-hot economic growth has cooled this year as the ripple effects of the global economic downturn -- and especially slowing Chinese growth -- start to hit home.

10 Oct 2012 - 12:31pm

Copper bottomed? Don't be too sure

Tom Holland

Last month, Hong Kong Exchanges and Clearing sealed a HK$17 billion deal to buy the London Metal Exchange.

HKEx was prepared to pay so much largely because it wanted to get its hands on the LME's copper futures contract, the main price discovery tool for the global copper market.

On paper, running the world's leading copper contract should hand HKEx a licence to print money.

22 Aug 2012 - 7:32am

China Nonferrous presses ahead with HK$2.4b IPO

China Nonferrous Mining, an overseas unit of state-owned China Nonferrous Metal Mining (Group), is pushing ahead with an initial public offering of shares in Hong Kong today amid plans to raise output of its mainstay blister copper product by 80 per cent in five years.

20 Jun 2012 - 12:00am

Miners bleed in panic selling

It was a bloodbath for Asian miners yesterday as investors forecast that slowing growth on the mainland would stop the nation gobbling up resources.

24 Sep 2011 - 12:00am

Copper

Alongside brass, hammered silver and brushed pewter, copper can be found in many households - in the shape of cooking pots, kitchen canisters, vases, trays and urns. The burnished sheen of copper makes it an attractive accent and designers are using it to develop new aesthetic sensibilities.

13 Jun 2010 - 12:00am

Count instruments, surgical staff told

Queen Elizabeth Hospital apologised again to a 72-year-old patient for leaving a 20cm copper plate inside her body after an operation to remove a tumour from her pancreas last month. Doctors had operated again to remove the instrument, a copper retractor.

5 Jun 2010 - 12:00am

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