Colombia, Ecuador & Peru Snapshot: Companies with properties to watch

New report shows lead swinging into 91,000 tonne deficit and zinc undersupply increasing by a third to 178,000 tonnes during first five months of 2017.

Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.

Chinese economy on track for first annual growth acceleration since 2010 as industrial output surges by 7.6%.

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.

Groups estimate that a full 18 new copper projects are set to start production across Peru by 2021.

The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.

It means that the miner, which had revenue of $1bn last year, will pay about $31 million extra in royalties a year.

The Resolution copper project in Arizona would be a prototype for a looming era of more invasive US mines as companies run out of easy-to-reach deposits.