Mining Companies Exploration and Investment News

Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this year, as large miners raise their exploration budgets and scout for promising projects.

Small-cap stocks on the TSX Venture exchange enjoyed a strong run last year with the S&P/TSX Venture Composite Index gaining more than 90 percent through the course of the year.
(continue reading…)

BlackRock-managed Global Mining Investments Ltd has a preference for copper, gold and iron ore as China leads a global recovery in commodities markets but is negative on aluminium because of oversupply, the firm’s chief said on Tuesday. (continue reading…)

Sumitomo Metal Mining Co., Japan’s second-biggest copper producer, may maintain a production cut of 10 percent in the year from April 1 because of lower processing fees, a spokesman said.

“We are considering keeping the output cut because of worsening terms of processing fees” to turn raw material, so- called concentrate, into refined copper, Naonobu Hayakawa, a spokesman for Sumitomo Metal Mining Co., said today by phone. “We will announce our formal production plan on April 1.”
(continue reading…)

Asian stocks fell as China’s Industrial Bank Co. predicted slower growth in new lending, while the euro retreated on speculation the European Central Bank will delay withdrawing stimulus measures.

The MSCI Asia Pacific Index dropped 0.7 percent to 119.97 as of 5:10 p.m. in Tokyo, after a four-day, 3.3 percent climb. (continue reading…)

Asian stocks climbed for a second day as JPMorgan Chase & Co. boosted ratings on Japan’s largest banks and as mining companies climbed on higher metal prices.

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. advanced more than 1.5 percent in Tokyo. Jiangxi Copper Co. surged 5.8 percent in Hong Kong as copper prices jumped after an earthquake in Chile cut supplies from the world’s top producer of the metal. (continue reading…)

The following companies may be active in Russian trading. Stock symbols are in parentheses and share prices are from the previous close of trading in Moscow.

The 30-stock Micex rose 0.7 percent to 1,332.64 at the close of trading in Moscow. The dollar-denominated RTS Index increased 1.5 percent to 1,410.85.
(continue reading…)

An earthquake in Chile is estimated to affect copper production, because Chile is one country that has a production capacity of copper is large enough. Copper mining company in Chile has signed several contracts for copper production to be in supply to several industrial sectors using copper. To know the effect of an earthquake in Chile for copper production, the following are comments from the analyst at Standard Bank.
(continue reading…)

Jiangxi Copper Co., China’s biggest producer of the metal, and other copper stocks rose by daily limit on concern an 8.8-magnitute earthquake in Chile may disrupt supplies.

Jiangxi Copper jumped 10 percent, the most since October, to close at 38.54 yuan in Shanghai. Tongling Nonferrous Metals Group Co. rose 10 percent to 20.47 yuan, and Yunnan Copper Industry Co. closed 10 percent higher at 28.05 yuan in Shenzhen trading.
(continue reading…)