Shanghai copper heads for biggest monthly gain in 16 months
The most-traded May copper contract has gained nearly 5% so far this month.
The most-traded May copper contract has gained nearly 5% so far this month.
IRH recently bought a 51% stake in Zambia's Mopani Copper Mines.
The deal by the Japanese trading house follows a similar one unveiled by rival Mitsubishi Corp.
It expects to produce 100,000-120,000 oz. of gold from its Tujuh Bukit mine and 14,000-16,000 tonnes of copper from its Wetar mine.
Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.
The plant will be housed alongside Tsingshan’s existing operations in Weda Bay and could begin operating as soon as next year.
Facilities in Baltimore had 756 metric tons of nickel, 150 tons of tin and 50 tons of copper.
Zijin and CMOC Group set sights on overseas expansion amid a Western pullback.
A recent paper in the journal Science Advances reveals new information that may inform future metal prospecting.
The absence of strong policy signals from Beijing has fueled uncertainty on whether construction activity will pick up.