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Metals hedge fund Red Kite loses copper trader Heimowitz
Wed, 22 Apr 2015 23:01:00 +0100
Due to market changes and company restructuring, today was my last day at Red Kite after 10 years, Heimowitz, who is based in New York, said in a text message to Reuters. Red Kite officials were not immediately available for comment. Heimowitz is Red ...

Copper retreats after push to three-week peak
Mon, 20 Apr 2015 12:39:00 +0100
Three-month copper on the London Metal Exchange hit $6,173 a tonne, the highest since March 26, before falling to $6,000 a tonne at 1441 GMT, down 1 percent on the previous close. China's easing, though more aggressive than expected, had been expected and ...

Metals Morning View Early Strength In The Metals Attracts Selling
Mon, 20 Apr 2015 00:45:00 +0100
In Shanghai, the June base metals are mixed with aluminium off 0.9 percent, zinc down 0.3 percent, while tin is up 0.8 percent as it played catch-up with the rebound on LME prices on Friday, nickel is up 0.2 percent and lead is unchanged. It would appear ...

Top copper mining executives speak in Chile
Fri, 17 Apr 2015 00:46:00 +0100
Reuters reported that top copper mining executives have flocked to Santiago, Chile, to discuss the state of the industry as companies' margins are pressed by a falling copper price that has forced the toughest cost cutting in years.....more

Copper Producers, Analysts Differ on When Prices Will Rise
Thu, 16 Apr 2015 10:24:00 +0100
SANTIAGO, ChileCopper producers and industry observers gathered here for a global conference say prices will rebound from nearly five-year lows. But few agree on when. Copper has taken a beating since its price hit a record around $10,000 a ton on the ...

Carbine launches PFS at Mt Morgan
Wed, 15 Apr 2015 01:28:00 +0100
850 t/y of copper cathode and 230 000 t/y of pyrite concentrate, over an eight year mine-life. The scoping study estimated that the Mount Morgan project would require a capital investment of some A$81.9-million, and would have an operating cost of A$32.70 ...

Highlights-top Copper Mining Executives Meet In Chile
Tue, 14 Apr 2015 21:58:41 +0100
Top copper mining executives have flocked to Santiago, Chile, to discuss the state of the industry as companies' margins are squeezed by falling prices, which have forced the toughest cost-cutting in years. Productivity is a great challenge for the mining industry in Chile.

Column-as Copper Industry Meets In Chile, All Eyes On China: Andy ...
Tue, 14 Apr 2015 14:32:16 +0100
It's that time of year when the copper industry gathers for CESCO Week in Chile to chew the collective fat on what the future holds. Visible stocks have soared since the start of the year, particularly those held by the London Metal Exchange (LME), but the LME contract remains backwardated with over half of those stocks under the control of a single entity. In Chile this week the focus will be ...

No swift recovery seen for copper market amid surplus, weak demand
Tue, 14 Apr 2015 14:31:00 +0100
SANTIAGO (Reuters) - The copper market will not get any respite from weak prices and excess supplies any time soon, even after recent hefty cost cutting and project delays have removed more than a million tonnes of new capacity, top executives said on Tuesday.

Metso signs three-year life-cycle agreement with Kevitsa mine in ...
Tue, 14 Apr 2015 12:37:27 +0100
HELSINKI, Finland -- Metso has signed a three-year life-cycle service agreement with the Kevitsa copper and nickel mine in Sodankyla, Finland. Kevitsa is owned by First Quantum Minerals Ltd (FQM), a Canada ...

As copper industry meets in Chile, all eyes on China: Andy Home
Tue, 14 Apr 2015 12:15:00 +0100
And so too is the broader global supply picture. Even the most bearish commentators will concede that copper is likely to move back into structural supply deficit and a higher-price environment in a few years time. But it's what happens in the next few ...

Zambia cabinet approves changes to mining royalties - presidency
Tue, 14 Apr 2015 07:53:36 +0100
Zambia's cabinet approved changes to controversial mining royalties on Monday after the finance and mines ministers proposed amendments, the president's spokesman said. "This follows extensive consultations with the mining industry in the light of significant changes in the fundamental assumptions upon which the law was based and the sudden fall in the price of copper," the presidency said in a ...

Antofagasta sees forecast global copper surplus disappearing in 2015
Tue, 14 Apr 2015 07:00:00 +0100
London-listed Antofagasta (LSE: ANTO.L - news) Minerals' newly installed chief executive sees the global copper market surplus practically disappearing this year due to kinks in output. What we've seen is that the surplus has been disappearing and we're probably talking about a market that is virtually in balance, Ivan Arriagada told Reuters in one of his first media interviews since assuming ...

Poor demand prospects weaken copper
Tue, 14 Apr 2015 02:44:41 +0100
LONDON: Poor demand prospects undermined copper prices on Monday, but losses were limited by a surge in Chinese imports ahead of important economic data from the world's largest consumer of industrial metals.

China copper import surge boosts prices
Tue, 14 Apr 2015 02:07:03 +0100
LONDON: A surge in Chinese imports helped boost copper prices on Monday, but demand concerns capped gains ahead of key economic data from China, the world's largest consumer of industrial metals.

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