Copper price plunges

MINEX Forum | December 6, 2017
img0 Copper futures trading in New York cratered on Tuesday on doubts about the strength of Chinese demand for the metal, an improving supply picture and a jump in warehouse stocks of the metal. Copper on the Comex market for delivery in March, the most active contract declined 4.7% from Monday’s settlement price in heavy volume ...

Eurasia plans to operate at least two openpits at West Kytlim in 2018

MINEX Forum | December 6, 2017
img0 BY: MARIAAN WEBB  London-listed Eurasia Mining is considering bringing on board mining contractors to operate more than one openpit at the West Kytlim platinum and gold mine in the Ural mountains to mitigate the risk of a single operator. This comes as the contractor, RegionMetall, discontinued operations in mid-October after having produced 211 oz of raw platinum in the current mining season. The contractor’s mining method is sensitive to weather conditions. However, Eurasia has continued ...