All the copper from giant new Congo mine destined for China

The move is likely to happen early next year and last for three months, after which pricing will return to the ring.

They said they expected authorities to realize the sliding scale they propose would be a more effective mechanism for the government to share in higher commodity prices than the windfall tax and strategic minerals scheme included in the new code.

A group of researchers from Berlin’s Humboldt University published a study where they say that mining activities are the leading cause of social conflicts in Peru.

They say there has to be a balance between exploiting mineral resources from the seabed and protecting vulnerable marine ecosystems.

Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76 million tonnes of the red metal in 2018.

Merger creates a mid-sized copper miner, with an expected annual production of about 73,000 tonnes of the metal.

Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.

The Deputy Secretary of Mining Policy said the world needs Argentina's copper, lithium, gold and silver.

The miner cut its fiscal 2018 production guidance to between 272-274 million tonnes of iron ore from 275-280 million tonnes.