Iran produced a total of 371,363 tonnes of copper concentrates from March 20 to July 21 this year, indicating a growth of 22.84 per cent against 302,307 tonnes produced in the same period last year, said a report.
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
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
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
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
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
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.
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.
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.
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