Codelco plans India, Southeast Asia push to trim reliance on China

Copper crashed through $6,000 a metric ton for the first time in a year and is headed for its biggest monthly drop since 2015.

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

Copper’s slump amid a deepening global trade conflict offers a long-term buying opportunity, according to Citigroup Inc.

Major managerial shake-up at the state-run Jianxi Copper.

Shares in the miner jumped more than 3% after both quarterly and full-year production rose 3% on improved productivity.

Canadian researches came to such conclusion after spending years examining waterbodies located within five kilometres of abandoned mine sites.

Nobody who owns a copper mine wants to give it up. Even when Glencore and Anglo American Plc were crippled by debt during the 2015 commodity slump, neither was willing to entertain an offer from Rio for their holdings in the giant Collahuasi deposit in Chile.

Starting on July 30, the LME will start providing a set of synthetic monthly prices for the six main base metals —  copper, aluminum, zinc, lead, nickel and tin.

The base metals producer said that, while it has not yet received a formal offer from Lundin, the bid announced Monday the bid ignores the fundamental value of the company and its assets.