The company said it has reached an understanding with the government that will allow it to continue to operate its Grasberg mine.
Major copper miners Glencore, BHP Billiton and Freeport-McMoRan were on the rise after copper prices reached their highest level since May 2015.
Speaking at this year’s Sprott Natural Resource Symposium, Friedland also named three companies he’s currently bullish on.
Up to 6,000 workers in Indonesia will continue to protest for another month, putting copper supply from Grasberg at risk.
Avrupa Minerals (TSXV:AVU) is pleased to announce that it has signed an earn-in option agreement with Australia-based OZ Exploration Pty. Ltd. (OZE), a wholly-owned subsidiary of OZ Minerals Limited (OZM), to explore on the Alvito iron oxide, copper-gold (IOCG) project located in southern Portugal. The agreement allows for OZE
Strikes at major mines continue to impact the copper market, but this week US President Donald Trump is playing a role as well.
Supply concerns bumped the red metal’s price up 2 percent on Wednesday.
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
BHP Billiton (NYSE:BHP) has approved a US$200 expansion at its Escondida copper mine in Chile, SME net reported. Escondida is the largest copper mine in the world.
As quoted in the publication:
The Australian reported that BHP Billiton will overhaul its Los Colorados concentrator which will allow the company to capture 100
Investors are waiting for Friday’s US jobs report. If it is negative, rate hike concerns may be alleviated.