First Quantum names Tristan Pascall COO

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

A force of marines and rangers sent in the past days to raid the Tambopata reserve, in the country’s southern Amazon, has already been outnumbered.

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

ICSG study forecasts global copper output growing at a robust average annual rate of 4% to reach 26.5 million tonnes a year in 2019.

Investors shrug news of $1.5 billion share issue to welcome halt of copper disposals after $4 billion assets sold just this year.

The potential sale of its its 64% interest in Acacia would be part of Barrick's broader strategy of selling non-core assets to reduce debt.

CAT said commodity prices remain on the low end and had yet to translate into increased mining activity or higher demand for equipment.

Most of them have been after existing operations and companies, rather than trying to build mines from scratch.

North American stock markets continued to climb on Friday, while the dollar ascended a four-month high, causing downward pressure on precious and base metals prices.