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Search resuls for: "Jack Lundin"


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Used copper wires are seen in a recycling company in Thoerishaus near Bern July 3, 2011. Copper producers increasingly want to share the risk and costs of projects, and the sector has already seen a jump in M&A activity, which more than doubled year-on-year to $14.24 billion in 2022. Miner and trader Glencore (GLEN.L) has been approached by potential investors in its Argentine copper projects Minera Agua Rica Alumbrera (Mara) and El Pachon, two sources said. According to Argentine government data, the projects could produce a combined 435,000 tonnes of copper a year. Both sources declined to be named because the information is not public.
Persons: Ruben Sprich, Glencore, Mara, El, Canada's Lundin, Jack Lundin, Lundin, Hudbay, EY, Paul Mitchell, Farid Dadashev, Clara Denina, Divya Rajagopal, Julian Luk, Veronica Brown, Jan Harvey Organizations: REUTERS, Sumitomo Metal Mining, Sumitomo, Reuters, BHP Group, BHP, Santo Domingo, Hudbay, Capstone, Taca Taca, Global Mining, Metals, RBC Capital Markets, Thomson Locations: Thoerishaus, Bern, Miner, Agua Rica, Argentine, Josemaria, Chile, Santo, Arizona, Rio Tinto's, Peru, Argentina
ET (14:27 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 171.91 points, or 0.9%, at 19,005.27. Yields on 10-year and 30-year <US30YT=RR > U.S. government bonds hit their highest since 2007, while the dollar climbed to a more than 10-month peak. The only sector with minor gains was the communications sector (.GSPTTTS), which rose 0.2% in early market hours. In corporate news, Lundin Mining (LUN.TO) shares dropped 4.7% as the company announced insider Jack Lundin would be the new chief executive officer. Reporting by Khushi Singh in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Lundin, Allan Small, Jack Lundin, Khushi Singh, Shweta Agarwal Organizations: U.S, Treasury, Toronto Stock, Allan Small Financial, Federal, Labor, Reuters, Lundin Mining, Thomson Locations: U.S, Bengaluru
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