Aurubis earnings hit by slowing auto sector, halting project

The ex-politician has recently accepted two high-paying positions in the private sector, including one as member of Barrick Gold's advisory board on international affairs.

The recently completed feasibility study should whet investors appetite, say analysts.

The news comes on the heels of a report showing that less than half of existing copper projects are really needed to meet current demand.

Eleonore is expected to eventually become Canada’s largest gold producing mine.

New report identifies 231 existing copper projects with potential output of nearly 13m tonnes which will more than make up for long-term mine depletion.

3.6% plunge to just above $50 a tonne on Tuesday brings year to date losses to 28%.

The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.

But the fund warned that only further tightening of fiscal and monetary polices would contain the country's large deficits.

The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.