The metals of antiquity – copper

Gold bars are not impacted by the export ban on gold and copper concentrate imposed by the Tanzanian government in March.

The European Bank for Reconstruction and Development will acquire a 6.16 percent stake in the Canadian company for 1.4 million Canadian dollars ($1.1 million) to further its exploration in Mongolia.

Concentrate supply appears abundant as Chinese smelters hike treatment and refining charges by as much as 10%.

Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.

He intends to buy as much as 1.5 billion pounds (about$2 billion) worth of additional Anglo American shares.

President John Magufuli also directed the central bank to buy the precious stone to boost reserves — the latest twist in a spat with mining firms over alleged tax evasion.

Former minister Lopez had to leave the post after the same legislative panel that delayed Cimatu’s confirmation rejected her appointment.

Peru is auctioning off the $2 billion Michiquillay copper project in the northern region of Cajamarca on November 15.

Shares in the diamond miner fell for a second consecutive day after it warned that two of its South african mines had been affected by strikes.