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Copper: Chilean companies ready to absorb increased national royalties
The rating agency Fitch reported that mining companies operating in Chile, the world's top copper producer, are well positioned to absorb higher national royalties required by a new law enacted by the country's leftist government. A long-awaited mining reform,...
Zinc: prices interrupt the positive wake
Zinc prices broke a consecutive string of gains as traders reviewed recent stimulus measures in China's real estate sector. The most-traded October zinc contract on the Shanghai Futures Exchange (SHFE) fell 0.3 percent to 21,200 yuan ($2,907.81) per tonne, slipping...
Codelco raises $2bn in a bond offering
Chile's Codelco has raised $2 billion in a bond offering in New York, as the world's top copper producer seeks to fund an investment campaign to revive declining production. The company offered 10- and 30-year bonds. The 10-year was issued for $1.3 billion with a...
Copper: three South African companies join the race to buy the Khoemacau mine
At least three South African miners are in the race to buy Botswana's Khoemacau copper mine, home to one of Africa's largest copper deposits as growing demand for the metal ensures strong competition for the coveted asset. Johannesburg-listed Impala Platinum, Exxaro...