Chinese smelters raise August copper output month-on-month

Sumitomo Metal Mining and Sumitomo Corp. will pay $800 million earn-in contribution and $400 million matching contribution for a third of Teck's 90% interest in Quebrada Blanca mine.

Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday.

The premiums, paid on top of benchmark three-month London Metal Exchange (LME) prices, fell 10.7% from Friday's levels to $62.50 a tonne, the lowest since June 2017.

The macro picture may have brightened just a little after the weekend meeting of the U.S. and Chinese presidents, but signs the global economy is losing momentum, do not bode well for metals demand.

The support ship will be used at the company's Solwara 1 gold, copper and silver project, off the coast of Papua Guinea, set to be the world’s first commercial deep-sea mine.

Production sharing agreements align the interests of the two partners because the risk now weighs more on the investor than on Gecamines.

The campaign was carried out at the Burfjord project, located near Kåfjord, in northeastern Norway.

Company veteran and coal chief Peter Freyberg, has been appointed as the head of industrial mining assets, a newly created role.

The 36-month contract was approved by 53% of the union.