Serengeti, Sun Metals merge on BC copper-gold project

Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.

Glencore's boss has consistently spanked his competitors for wasting and ultimately popping the now deflated long resources boom through a suicidal splurge on growth that took no account of demand and pricing.

Ancient bronze tools unearthed in Sweden were made using copper from the Mediterranean, showing there was trade between the two cultures, archeologists have found.

New report says mining and metals companies set to default on debt at more than three times the historical rate going back to 1983.

Seven trading days in and already global mining investors are nursing double digit declines as everything from copper to met coal to silver take a beating.

Despite challenging market conditions some projects are forging ahead in the Canadian western province.

"But, alas, I was fooled."

Strategic shift comes as the world's biggest miner tries to regain investors' confidence.

Tenke Fungurume in the DRC goes for $2.65 billion to China Molybdenum – Freeport also offloading Africa exploration project and cobalt refinery in Europe.