Codelco raises $800 million to face crisis

Cuba, the world’s sixth largest nickel producer and one of the top 10 nickel mining countries, also holds significant deposits of other minerals and oil, new U.S. Geological Survey report shows.

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

The miner defended his decision to boost production, which has led to sinking prices and threatens to put some competitors out of business.

The plan seeks to tackle an almost yearlong delay in the project to turn century-old Chuquicamata open pit mine into an underground operation.

The expansion will boost the capacity of the Peruvian mine's copper concentrator to 120,000 tonnes per day from 60,000.

$5 billion a year for five years will merely replace exhausted mine capacity says CEO of world's largest copper company.

GDP slowdown was expected but China's property sector, responsible for half of steel demand, is in a tailspin as Q1 unsold inventory rises 24%.

The grant will help fund a project to be carried out in Peru over the next five years focused on the sustainable development of a responsible artisanal gold sector.

The International Monetary Fund and Standard and Poor's, in turn, predict prices for the steelmaking material are set to fall even further.