Rio will buy all of Turquoise Hill soon says new report, but 'there's no incentive to promote the true value' of Vancouver co's giant Mongolia copper mine.
Industrial metals face at least six months of stagnation as market conditions in China deteriorate and low prices are needed to curb supply, Standard Chartered Plc said, slashing forecasts for this year and next.
Labour action threatened after half the workers at El-Abra mine in Chile – jointly owned by world's top copper miners Codelco and Freeport – were let go.
The Vancouver-based miner aims to produce 280,000 to 300,000 tonnes of the red metal a year, but commercial levels won't be reached until state power utility Zesco finish connecting the mine to the power grid.
The Northern Territory Chief Minister has threatened to close Glencore's McArthur River operation if the miner does not improve its environmental practices.
With the only exception of gold, production numbers for most other commodities mined in the Central African nation are also expected to decline this year.