Peru to lift state of emergency imposed to quell Conga protests

The 7,000-hectare Birch project is one of the company’s 17 properties across 42,500 hectares in Canada's Yukon Territory.

Committee of Ministers said it unanimously rejected the $2.5 billion project in agreement with citizen concerns over biodiversity impacts and worries about potential spills.

The moves are the latest signs that Glencore and Trafigura Group, which have long dominated metals trading, are being challenged by an influx of new competition.

The Chilean state miner plans to raise about $1.5 billion to help fund investments needed to retain its status as the world’s biggest copper producer.