China copper inventories near 4-yr high as supply swamps virus-hit demand

The reality distortion field made famous by Steve Jobs’ biographer Walter Isaacson, is a personal intensity and vision so powerful it bends people to your will, convincing them of a project’s higher purpose.

Down Under’s richest living prospector Mark Creasy, just got US$167 million richer.

The copper giant is having a rough start of the year with sinking copper prices, lack of cash and escalating costs.

"We are not happy," said CEO Mark Cutifani.

Lower prices for key products.

No progress in talks with Mongolia on underground expansion and a couple of production and sales hiccups.

Net loss for the entire year climbed up to a monster $10.37 billion.

The miner has been among the most aggressive cost-cutters and plans to find a further $3 billion in savings this year.

The precarious conditions gold miners face daily have forced them to demand a swiftly approval of regulations.