mining

Copper looks to China stimulus, and remarks by Burkina Faso president clips miners

Kitco Media
By Michael McCrae
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Copper looks to China stimulus, and remarks by Burkina Faso president clips miners teaser image

Kitco News - Copper prices were down 1.7% for the week, but a weekend press conference by China's finance ministry could provide the metal with a lift.

On Friday mining audiences manager Michael McCrae recorded Kitco Roundtable.

China’s finance ministry holds a Saturday press conference to announce policies to support the country's economy.  PRC Macro says the central government could possibly announce a bond quota increase of RMB1-2trn.

In mining news, miners such as Orezone, West African Resources and Endeavour Mining all saw stock declines when Burkina Faso junta leader Ibrahim Traore said he is going to withdraw mining permits.

On Saturday Traroe made a radio address asking why multinationals were operating in the country, saying the country knew how to mine gold.

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.