Recent supply disruptions at key mines have the copper price flying high, but will they have a lasting impact?
Supply concerns bumped the red metal’s price up 2 percent on Wednesday.
Gecamines bids on Freeport’s stakes for Tenke, one of the largest copper mines in the world.
At this year’s Sprott Natural Resource Symposium, Brent Cook of Exploration Insights hosted a panel of explorers with the goal of helping investors understand some of the pitfalls of exploration.
Approximately 50-60 percent of the world’s copper, and 95 percent of molybdenum, comes from porphyry deposits. Here’s a look at the different types of porphyry copper deposits and where they’re found.
By Jocelyn Aspa
Freeport McMoRan (NYSE:FCX) has reported its second-quarter and six-month 2016 results.
As quoted in the press release:
Net loss attributable to common stock totaled $479 million, $0.38 per share, for second-quarter 2016. After adjusting for net charges totaling $452 million, $0.36 per share, second-quarter 2016 adjusted net loss attributable to common stock
Iron oxide copper gold ore deposits are important and highly valuable concentrations of copper, gold and uranium. With an tendancy for being tremendous in size, relatively simple metallurgy and relatively high-grade, IOCG deposits can produce extremely profitable mines.