Hudbay Minerals CEO says company open to acquisition offers at right price

The world's top copper producer said on Wednesday it was temporarily halting construction of all mining projects.

It has been nearly a decade since the Sukunka metallurgical coal mine proposal was first pitched to the BC Environmental Assessment Office.

The company posted $913 million in adjusted earnings before interest, taxes, depreciation and amortization in the second quarter.

The company has been reporting on the safety, environmental, social and economic issues in a comprehensive, standalone document since 2010.

China is planning a state-backed iron ore company to oversee everything from massive mine investments in West Africa to buying the steelmaking material from global suppliers.

The new company, known as NewRange Copper Nickel LLC, will share costs to develop two proposed copper and nickel mines.

The dispute arose back in 2015 after Rio and its rival BHP Group were accused of shifting billions of dollars in iron ore profits through marketing hubs in Singapore.

In June, Glencore’s UK subsidiary pleaded guilty to seven counts of bribery in connection with oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan.

One of the world's largest miners, now expects iron ore output for the year to be between 310 Mt and 320 Mt, from a previous estimate of 320-335 Mt.