China copper smelters set Q3 treatment charge floor at $55/t

The company has leveraged a strategic land position in China’s Ying high-grade silver-lead-zinc district, alongside an innovative approach to underground, narrow-vein mining, to emerge as one of the highest-margin miners in the silver space.

Copper price drops more than 3% after Chinese imports stay flat for fourth month in a row and concentrate cargoes decline.

Mining Development sub-secretary expects exploration activities to rise by 2 per cent in 2017

China agreed on Wednesday to loan Guinea $20 billion over almost 20 years in exchange for concessions on bauxite, an ore of aluminium which the West African country has in abundance, the mines minister said.

Rodrigo Duterte said ban should remain in place given the environmental damage it causes, but noted he would give companies time to find alternative mining methods.

Those that do not pass the tests will have to make necessary improvements by the end of December or face closure.

Prices for iron ore and coking coal, the two key ingredients for steelmaking, are set to remain buoyant for the remainder of the year, Macquarie Bank predicted in a recent report.

As ever with rare earths, this is all about what is happening in China, the world's dominant producer of these critical materials.

The company has greed to reduce its stake in the Grasberg mine to 49% in exchange for licenses to operate the massive copper and gold pit until 2041.