CSN says mining unit IPO to fund production capacity

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.

This year, the miner expects to produce 58 million ounces to 61 million ounces of silver and between 870,000 ounces and 900,000 ounces of gold.

Strike threat at BHP's Escondida in Chile, the world's largest copper mine, lifts price to 19-month high.

State forecaster of Chile, responsible for 28% of global copper output, sees US demand bouncing back helping to create supply shortage this year and next.

Moves is expected to help the copper giant cope with a recently passed law that forces it to give 10% of its revenues to the armed forces.

Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.

The strike has not had a significant impact on mine and consolidated production, the company said.