Copper price down amid demand outlook worries

OceanaGold Corp. says its mines will produce a total of between 500,000 and 550,000 ounces of gold and 14,000 to 15,000 tonnes of copper this year.

The deal would also include ZCCM-IH dropping a $1.4 billion legal claim against First Quantum over a loan the company received from Kansanshi.

Executives, investors and government officials met in Cape Town at the African Mining Indaba, the continent’s biggest gathering of one of its most essential industries.

Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.

Copper particles and bioactive glass seem to be a winning combination.

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Chinese manufacturing shrinks at fastest pace in almost three years.

The entire wellfield – 41 production wells and 22 compliance wells – should be complete by July this year.

Zambia, Africa's No.2 copper producer, introduced a new 10 percent tax when the price of copper exceeds $7,500 per tonne.