US must improve copper mine permitting process, Freeport CEO says

Northwest Expo holds 40.3 million indicated tonnes grading 0.1% copper and 0.7 g/t gold for 100 million lb. copper and 871,000 oz. of gold.

China's biggest copper smelters have agreed to a symbolic cut in loss-making production, without specifying volumes and timing.

Executives from 19 smelters have agreed to re-arrange maintenance work, reduce runs and delay the startup of new projects.

Copper price on the Shanghai Futures Exchange hit a 22-month high following the news.

The agreement would allow Hudbay to explore Flin Flon land package to potentially bring another mine into production.

The second-biggest gold miner this month poured its first gold in Papua New Guinea in nearly four years.

In November, Pampa said it had entered into an option and joint venture agreement to acquire an 80% interest in the project.

The National People’s Congress failed to deliver gains in the prices of key commodities like iron ore and copper.

A lack of rich copper resources at home has driven Chinese companies to hunt elsewhere.