DEC 15 No let-up in skills shortage crisis
More than half (55%) of mining employers cut staff in 2015 and an additional 40% expect to cut in 2016, according to an industry survey by the recruiting firm Hays. 63 per cent of resource and mining employers are not actively hiring new graduates despite reports of a growing skills shortage.
NOV 15 Resources investments have recovered in 2015
Capital raised in 2015 by natural resources funds is set to match the record US$ 61bn raised by such funds in 2013. Fundraising to October 2015 is more than the US$ 52bn raised in the year 2014, said Preqin Research Center in its Special Report: Institutional Investors in Natural Resources Funds.
OCT-NOV 15 Asia Copper Conference to be well attended - starts 17th Nov
Metal Bulletin Events’ 11th Asia Copper Conference, the official conference of CESCO’s Asia Copper Week, is set to be the biggest yet - the number of confirmed attendees has already surpassed last year’s with more registrations still expected. To register:
24 AUG 15 ICSG issues preliminary data for May 2015
In the first five months of 2015, world apparent usage is estimated to have declined by around 280,000 t compared with that in the same period of 2014. World mine production is estimated to have increased by 277,000 t in the period.
21 AUG 15 WBMS records surplus to end of June 2015
The copper market recorded a surplus of 151 kt in January to June 2015 which follows a surplus of 295 kt in the whole of 2014, according to World Bureau of Metal Statistics data released in August.
20 AUG 15 Stable concentrate supply forecast
The world’s largest copper recycler, Aurubis Group, expects supply of copper concentrates to remain stable in the near term. It also foresees considerable improvement in treatment and refining charges during the upcoming quarter.
30 JUN 15 China’s 30% VAT rebate for scrap copper recyclers
China has re-launched a 30% rebate for the VAT imposed on copper scrap recyclers starting from 1 July, but the impact on refined copper may be limited.
25 JUN 15 Study finds U.S. permit delays harm mining investment
An SNL Metals & Mining study released in June 2015 shows how delays in the U.S. mine permitting process diminish the value of a minerals project, underscoring the urgent need for a streamlined permitting process.
APR-MAY 15 Chinese refined copper output to grow
CNIA expects China’s refined copper output to continue growing in the second quarter, and the consumption to increase as well during this high demand season, Scraperegister reports.
APR-MAY 15 Copper price forecast down with larger surplus
Thomson Reuters GFMS forecasts that copper prices will average US$ 5,795 /t for 2015, a 12% fall y-o-y, and the copper surplus widening to 399,000 tonnes in 2015, based on 3% growth rates in mine production and consumption.
APR-MAY 15 Chilean output forecast for 2015
Chilean state copper commission Cochilco said in April that the country is expected to produce 5.94 Mt of copper in 2015, down from a previous estimate of 6.0 Mt. The cut in the forecast was mostly due to a lower estimate from projects run by Anglo American PLC.
24 MAR 15 Focus is on Latin American mineral exploration
The Exploration Forum 2015 in Santiago on 13th April aims to advance towards better policies for promoting exploration in Latin America, where there are important differences in the legal and operational frameworks for exploration between different countries.
19 MAR 15 To what extent will copper prices recover during the next cycle..
, and will US$ 8,000 /t be achieved before 2020? Max Layton, Global Investment Research, Goldman Sachs and Felipe Díaz, Sumitomo Mitsui Banking Corporation Chile / Latin America will be discussing this at this year’s CRU World Copper conference.
18 MAR 15 Larger practical mining workshops at CMB-TEC in Kitwe this year
The free practical workshops at the Copperbelt Mining Trade Expo and Conference in Zambia’s mining hub Kitwe were so well attended last year that the organisers have doubled the size of the workshop space for this year’s event from 5-6 May.
16 MAR 15 Rod producers in China divided over price direction
According to SMM’s latest survey of 20 Chinese copper wire rod producers, technical indicators are showing both resistance and support to copper prices, and opinions have been divided on the near-term copper price outlook.
13 MAR 15 Former President Escobar to speak at Cesco Dinner
Cesco Dinner is the highest point during Cesco Week 2015 and it will be held on Wednesday 15th April, from 6.30 pm. The main speaker will be Former President Ricardo Lagos Escobar, who recently has stood for his active leadership in the search for a new paradigm for the mining development in Chile.
2 MAR 15 Non-ferrous exploration fell by a quarter in 2014
The latest World Exploration Trends report from SNL Metals & Mining reveals mining companies responded to the poor market conditions with a 26 % decline in worldwide non-ferrous metals exploration budgets in 2014 compared with the previous year.
20 FEB 15 Copper use rises by more than a tenth in 2014
In the first eleven months of 2014, world copper usage is estimated to have increased by around 10% (1.9 Mt) year-on-year, according to the ICSG February press release. Chinese apparent demand increased by 17% (1.5 Mt) accordingly in the period.
18 FEB 15 Top CEO's to deliver performance in Santiago
The 14th CRU World Copper Conference during CESCO week features presentations from the CEO’s of Codelco, Rio Tinto Copper, Minera Collahuasi, Teck, Aurubis, Outotec, the LME and Grupo Mexico.
18 FEB 15 Copper market records 2014 surplus
The copper market recorded a surplus of 105 kt in January to December 2014, which follows a surplus of 283 kt in 2013, according to WBMS. World mine production for the period rose 0.8% to 18.43 Mt.
18 FEB 15 Survey finds America in more positive mood
A survey by American Metal Market has found 67.1% of metals executives upbeat about a better 2015, with energy and automotive markets driving growth, while 76% expect a full recovery by 2016.
16 FEB 15 Analyst sees market in modest surplus in 2015
During January 2015, the copper price plummeted by 15%, almost the same drop as all of 2014. Sporadically large deliveries into LME warehouses started to appear in January, which kept a cap on any rally in the price, according to a Wood Mackenzie bulletin.
13 FEB 15 Investment in Zambian mining tops US$12 billion since 2000
Zambia’s mining sector contributes over 70% to the country’s foreign earnings, says Mr Jackson Sikamo, President of the Zambia Chamber of Mines, in the run up to CBM-TEC 2015 - The Copperbelt Mining Trade Expo & Conference, on 6-7 May.