Major copper miners Glencore, BHP Billiton and Freeport-McMoRan were on the rise after copper prices reached their highest level since May 2015.
Copper production in Zambia could rise by about 4 percent this year.
The major miner also doesn’t think other companies will be able to do so.
NOVAGOLD RESOURCES INC. (TSX:NG) (NYSE MKT:NG) today released its year-end 2016 financial results and provided updates for its flagship 50%-owned Donlin Gold project in Alaska and its 50%-owned Galore Creek copper-gold-silver project in British Columbia.
Details of the financial results for the year ended November 30, 2016 are presented in the
Diego Hernández will retire as CEO of Antofagasta (LSE:ANTO), effective immediately, though he still stay on as an adviser to the company’s board. He will be succeeded by Iván Arriagada.
As quoted in the press release:
Iván has held the position of CEO of Antofagasta Minerals since February 2015, working closely with Diego
Metal Bulletin reported that Chile’s Codelco has said that it will not cut copper output at its key projects no matter what happens in the copper market.