Tuesday 26 July 2016
 
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Copper

Rio gives away stake in PNG Mine with $51bn reserves

Rio Tinto Group has given away its stake in the company that owns an abandoned mine in Papua New Guinea with potential copper and gold reserves worth $51 billion, said a report. The London-based miner has transferred its 54 per ce

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Auto, power firms save millions swapping copper for aluminium

Manufacturers are abandoning copper for its lighter and cheaper rival aluminium after a decade of technological innovation that is saving some companies hundreds of millions of dollars. Japanese auto giant Toyota and Saudi's p

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German firm to invest $1.1bn in Iran’s copper industry

Germany-based Mansfelder Kupfer und Messing (MKM), a leading copper company, has signed a memorandum of understanding (MoU) to invest €1 billion ($1.11 billion) in a number of projects in Iran, said a report. MKM signed the d

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Production starts at Saudi copper mine

Saudi Arabian Mining Co (Ma'aden) has began initial production of copper at its joint venture affiliate with Canada's Barrick Gold Corp, the Gulf's largest miner said in a bourse statement. Maaden Barrick Copper Co, ow

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Fluke to end production of cable analyser

Fluke Networks, a world-leading provider of network performance monitoring and diagnostics solutions, is ending production of the DTX-1800 CableAnalyzer, a widely used copper and fiber cabling certification tool. Following the suc

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Copper holds near $6,000 as global factories sputter

Copper prices held near $6,000 a tonne today, as bleak global factory growth data indicated a muddy outlook for metal consumption over what is typically the stronger quarter of the year for seasonal demand. Manufacturing activity

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Iran plans $16bn investment in mineral sector

Iran is planning investments of around $15 billion during its sixth five-year economic development plan (2015-2020) to develop mining projects and raise the production capacity of steel, aluminium and copper industries, a report said.

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Copper demand to grow 4.2pc to $261bn

Global demand for copper metal, that is produced from refined copper and recycled scrap, is projected to advance 4.2 per cent per year through to 2019 to 36 million metric tonnes, valued at $261 billion, according to a recent trend.

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Doubts over copper surplus as mines cut output

Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound. An expected glut of supply in 2015 is one r

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Doubts over copper surplus as mines cut output

Cuts in copper mine output are raising doubts about the extent of a widely expected global surplus that has driven down prices, and the reduced production could support a market rebound. An expected glut of supply in 2015 is one r

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