Peru, the world’s second-largest copper producer, says it plans to raise its output of the metal by almost 30 percent by 2021.
Zambian energy supplier Copperbelt Energy Corporation has restricted power distribution to Glencore’s copper mines due to an ongoing dispute over tariffs.
Last week’s other top-gaining TSX stocks were HudBay Minerals, Nautilus Minerals, Copper Mountain Mining and Leagold Mining.
Last week’s other top-gaining TSX stocks were Lithium Americas, Fission Uranium, Teck Resources and INV Metals.
Major copper miners Glencore, BHP Billiton and Freeport-McMoRan were on the rise after copper prices reached their highest level since May 2015.
Compania de Minas Buenaventura could increase copper production at its Marcapunta mine if copper prices continue to surge.
Black Dragon Gold (TSXV:BDG;FWB:BCD) is pleased to announce that is has successfully closed a private placement to raise $8.5 million (the ‘Private Placement’) from a large number of new institutional and private investors, allowing the Company to fully repay its secured debt facility and be well placed to recommence exploration activity
Copper demand for electric vehicles and buses could rise to 1.74 million tonnes in the next decade, a new study says.
Avrupa Minerals (TSXV:AVU) is pleased to provide an update on project activities to date in 2017. The Company has progressed two of its projects in an effort to make them more ready for joint venture possibilities and has begun the exploration program at the Alvito iron oxide copper-gold (“IOCG”) project
Copper production in Zambia could rise by about 4 percent this year.