Copper rookie looks to Glencore and Chinese for downstream dream

Safe haven buying of gold-backed funds in July reversed in August, while open interest of large futures investors fell to 5-year low.

Phoenix-based copper giant want to to sell its Candelaria copper-gold mine to Canada's Lundin Mining.

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Shares in Quebec-based Maya Gold & Silver up 10% after pouring first silver at Moroccan mine, one of only a handful of primary silver mines on the continent.

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

More cuts may be on the way.

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Keith Phillips, a managing director and head of Cowen & Company's Mining Investment Banking Group, says strong companies with solid balance sheets are on the hunt for precious metals development projects or small producers trading at steep discounts.

HIgh-grade maiden resource for 1 of 4 deposits Highland Copper wants to combine to restart mining in region where copper production dates back to 1845.