Click the figure below to view the video.
Showing posts with label copper. Show all posts
Showing posts with label copper. Show all posts
Thursday, September 1, 2011
Aitik Copper Mine, Haul Trucks, Volvo FH16, Video and News
Every day Goliat, a Volvo FH16, transports 500 tonnes of copper ore.
Click the figure below to view the video.
Click the figure below to view the video.
Saturday, August 20, 2011
Miss Universe Chile goes copper mining
In the interest of the ....errr...extensive coverage given by this humble corner of cyberspace to all things LatAm and mining, it's only ......errrrr....scientifically correct that the following is brought to your attention.
On September 12th, we get the Miss Universe Pageant in Sao Paulo Brazil this year and Chile's representative, Vanessa Cerati, has decided to pay homage to her country's mining industry (and milking dry "The 33" story into the bargain, of course) by going to the gig in a dress made of copper, with miner's hat and pick as accessories.
See the whole thing here.
Saturday, August 13, 2011
Friday, July 29, 2011
Conga Mine Project, Overview, Buenaventura, Newmont - Video and News
Conga mine largest mining investment in Peru's' history.
Click the figure below to see the video.
Click the figure below to see the video.
Thursday, July 28, 2011
Conga Mine Project Camp, Cajamarca, Peru, Map and News
Buenaventura, Newmont to invest $4 billion in Peru mine.
Click the figure below to interact with the map.
Zoom at: Conga Mine Project.
Click the figure below to interact with the map.
Zoom at: Conga Mine Project.Saturday, July 23, 2011
Mining Operations: Grasberg Mine, Papua, Indonesia - Index
The largest gold mine and the third largest copper mine in the world.
Click the figure below to see the index.
Click the figure below to see the index.
Grasberg Mine: Cable Car/Tram, Papua, Indonesia - Video and News
A small train hanged at safe cable steel go up and down with a slope angle of 45 degrees.
Click the figure below to see the video.
Click the figure below to see the video.
Friday, July 22, 2011
Grasberg Mine, Gold and Copper, Papua, Indonesia, Map and News
The Grasberg Mine is the largest gold mine and the third largest copper mine in the world.
Click the figure below to see the geometry of Grasberg Mine.
Zoom at: Grasberg Mine.
Click the figure below to see the geometry of Grasberg Mine.
Zoom at: Grasberg Mine.Wednesday, July 20, 2011
Tuesday, July 19, 2011
Peruvian Government and Xstrata Copper Sign Las Bambas Mining Project Transfer Contract
Project development calls for an investment of US$4.2 billion.
Click the figure below to see the video.
Click the figure below to see the video.
Thursday, July 14, 2011
Las Bambas Mining Project in Apurimac, Xstrata Copper - Video and News
Project development calls for an investment of US$4.2 billion.
Click the figure below to see the video.
Click the figure below to see the video.
Sunday, July 3, 2011
San Lorenzo Camp Minera Escondida
Map and News
Explore the geometry of the San Lorenzo Camp. La Escondida mine is currently the highest producing copper mine in the world.
Click the figure below to see the interactive satellite map and news.
Zoom at: Escondida Copper mine.
Explore the geometry of the San Lorenzo Camp. La Escondida mine is currently the highest producing copper mine in the world.
Click the figure below to see the interactive satellite map and news.
Zoom at: Escondida Copper mine.Monday, June 13, 2011
Superb piece on copper by Andy Home of Reuters today
Reuters dude Andy Home is a must-read on copper and today he adds several degrees of intelligence to the current debate on China demand levels. Get the note here, meanwhile below one of the charts lifted from the note.
click to enlarge
Thursday, June 9, 2011
Peru copper production falls off a cliff in April 2011
The April 2011 production numbers for Peru metals are out today and the main driver of the economy, copper production, is not good at all. Here's the chart...
...and as you can see, production at 88,481 tonnes for April is the worst monthly performance since January 2008 (after which the Cerro Verde expansion kicked in). This on the back of a pathetic Feb 11, too. The other main revenues earner, Gold, was crappy at 12.623m grams (405,884 oz), too. Here's that chart.
And moly was crap, and silver was crap, and zinc was crap. All figures here, including the über-woeful 47mt of tungsten out of MLG.to April...so much for those bullshitters and their new production upgrades. Another mediocre operation hiding behind high spot prices....just like the government of Peru, in fact. DYODD, dudettes and dudes.
Saturday, March 26, 2011
Thursday, March 10, 2011
China and copper
A good report out of Desjardins this morning that goes beyond the headline drop in China copper imports and sees that it's really not that gloomy at all, though let's be clear that the Desjardins position on copper is strong bullish and has been for quite a while. Anyway, the analysis by Redstone & Co stands up to scrutiny, unlike the armwaving "we're all gonna die" feeling out there in the whacky world of markets this morning (you'd never guess that gold was selling at over $1.4k/oz, would yaz?).
Here's the intro blurb to the Desjardins piece, click through here to get your copy of the PDF (it's only 72k, so a light an easy download).
Metals & Mining
Seasonality in Chinese trade data -- John Redstone (514) 2XXXXXXXX john.redstone (AT) vmd (DOT) desjardins (DOT) com
Impact: Neutral
Metal stocks may come under pressure today following the release of Chinese trade data for raw materials for February 2011. In particular, unwrought copper imports for February fell 35.4% mom and 26.9% yoy.
Firstly, we should point out that this figure includes imports of copper alloy, semi-fabricated products and unrefined smelter product, as well as refined metal. The import level for refined metal alone will not be released for another two weeks. Furthermore, we would point out that the year-to-date total (ie January plus February imports) is down only 2.4% yoy. The data is distorted by the timing of the one-week Lunar Holiday--which this year fell in early February. In addition, we understand copper consumers temporarily reduced orders before the Lunar Holiday because of the difficulty in obtaining financing for copper, which is currently at historically high prices. We hear that this situation has been rectified and orders have risen sharply in early March.
We would suggest that, given the quality of the data, a 2.4% yoy drop is statistically insignificant, ie shipments of copper to China in the first two months of 2011 were roughly unchanged year-over-year. This is in line with our forecast for Chinese copper imports of 2.9 MMT in 2011, the same level as 2010. Consequently, we would suggest that any pressure on the stocks of copper producers that results from this data is unwarranted and presents a buying opportunity.
We should also point out that year-to-date iron ore imports into China rose 22.6% yoy. We expect Chinese imports of iron ore to rise 10% in 2011 to 680 MMT. (To view tables, please click on link to pdf attachment below.)
Please see the Desjardins research website www.desjardins-securities.ca for complete company specific disclosures, analyst certification and legal disclaimers.
Saturday, January 29, 2011
Norsemont Mining: Constancia Copper Mine Project, Cusco, Peru, Map and News
Development capital for Constancia mine anticipated at US$920 million.
Explore the geometry of Constancia Copper Mine Project located approximately 100 km south of Cusco, Peru. Click the figure below to see the interactive satellite map and news.
Zoom at: Corihuarmi Gold Mine.
Explore the geometry of Constancia Copper Mine Project located approximately 100 km south of Cusco, Peru. Click the figure below to see the interactive satellite map and news.
Zoom at: Corihuarmi Gold Mine.
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