Market Reports

Congo’s State Copper Miner Set for Lowest Output Since 2004

The Democratic Republic of Congo’s state-owned copper miner is on track to deliver its lowest output since 2004, the year after Africa’s biggest war ended.A shortage of power low-grade ore and equipment breakdowns hurt output.     In...

First Quantum Minerals Ltd. in friction with the government over tax changes when setting up Copper Mine in Zambia

First Quantum Minerals Ltd. (FM) is starting up a Zambian copper mine to feed an $850 million smelter the Canadian producer began operating last weekend amid friction between the mining industry and government over tax changes. Kansanshi...

As Mining Industry Contracts, Zambia Cuts 2014 Growth Estimate

Zambia reduced its estimate for economic growth this year as mining output in Africa’s second-biggest copper producer shrank. Preliminary real gross domestic product expanded by 6 percent, Finance Minister Alexander Chikwanda said in an e-mailed statement today. In...

Angola Sees 2017 Gold-Output Start in Plan to Cut Oil Reliance

Angola sees production from two gold mines being developed in the country’s north starting in 2017, helping diversify the economy of Africa’s second-biggest oil producer, Minister of Geology and Mines Francisco Queiroz said. About $600 million has been...

Declines in mining-industry capital expenditure in 2015, expected by Joy Global Inc.

Joy Global Inc. (JOY), the world’s largest maker of underground mining machinery, said it expects to see further declines in mining-industry capital expenditure during a “challenging” 2015. Next year “will again present challenges as oversupplied commodity market dynamics...

Sherritt International stock soars on U.S.-Cuba deal, but still business as usual for Canadian firms in Cuba

TORONTO • In the short-term, the diplomatic breakthrough between the United States and Cuba changes very little for Sherritt International Corp. and the dozens of other Canadian companies active in Cuba. But a potential lifting of the U.S. embargo...

Gold hedging slips in Q3, but still healthy for year

For a long time, “hedging” was a very bad word in the gold mining business. But hedging has enjoyed a small-scale revival as prices plummet back to earth. However, activity was muted in the third quarter. A new report...

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