Chinese investors hold key as global funds turn super bearish on copper

Victor Wyprysky, President and CEO of Chieftain Metals Inc., commented: "Chieftain's immediate attention to provide a solution to the historic environmental issues at Tulsequah demonstrates the high importance we place on community and stakeholders concerns as we move "The Chief" to construction start."

The Chinese economy is likely to land softly, rather than with a jolt, with growth forecast at 8.2% this year and 8.6% in 2013, according to The World Bank.

With nearly 6 million tonnes mined each year, Chile is the world’s chief copper producer. Now, it turns out the country could someday become a leader in gold production as well, giving its neighbour, Peru, a run for its money.

Indonesia wants to have its mining cake and eat it too, as the country, one of the world's largest exporters of copper and coal, will speed up a tax on mining exports, the industry minister Mohamad S. Hidayat told Reuters today.

Europe-focused Lundin Mining has cut a deal for an 80% stake in a copper mine in northern Spain.

The price is up more than 27% from lows struck in October last year when the steelmaking ingredient experienced a mini crash.

Peruvian company Grupo Brescia announced today that it is going ahead with plans to further diversify its investments by mining for copper in neighbouring Chile, reports Portal Minero.

The nine miners trapped in a high altitude underground copper mine in Peru since last Thursday are well and with their families, after they were freed this morning (12:00 GMT).

An undersea 8.6 earthquake struck Indonesia this morning at 04:38 ET, announced the U.S. Geological survey (USGS). The movement, which triggered a tsunami alert across the Indian Ocean, has forced all mining companies in Indonesia to halt their operations until further notice.