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Copper’s $149 Billion Mine Pipeline Stalls

The $149 billion pipeline which would expand the world’s copper supply could be in trouble.

As quoted in the news release:
Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade. The plans are fraying as reluctant lenders, political

Glencore Reports $5 Billion Loss for 2015

Glencore (LSE:GLEN) reported a $5 billion loss for 2015, according to the Wall Street Journal, which makes last year one of the company’s worst ever performances. However, CEO Ivan Glasenberg was quoted as saying on a call with reporters, “Have we bottomed? I think so.”

BHP’s Olympic Dam to Beat Copper Production Target

Mining Weekly reported that BHP Billiton Ltd. (ASX:BHP,LSE:BLT,NYSE:BHP) is set to exceed its copper production target for the 2016 financial year at the Olympic Dam mine. Located in South Australia, Olympic Dam was expected to put out 200,000 tonnes of copper during the period.

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