Copper prices have picked up this week, but investors are anxious that a slowdown in China’s economic growth could abate demand for the red metal.
Speculation regarding Chinese demand continued to keep the red metal in flux this week.
To help investors understand where the company is currently seated in regards to the status of the Land Bill’s trek through Congress and the importance of the Pumpkin Hollow deposit, not only to Nevada Copper but also to the surrounding communities, Copper Investing News recently spoke with Giulio Bonifacio, the company’s president and CEO.
Heavy is the head that wears the crown, especially when that crown is the indicator of the global economy.
Copper Fox Metals Inc. (TSXV:CUU) provided an update on the Van Dyke oxide copper deposit in Arizona. Diamond drilling has commenced on the property, with two additional drill holes pre-collared into bedrock.
Reuters reported that Glencore Xstrata plc (LSE:GLEN) has sold its interest in the Peruvian Las Bambas copper mine to a Chinese consortium led by MMG Ltd. (HKEX:1208).
Indico Resources Ltd. (TSXV:IDI) announced assay results for eight additional drill holes of its Phase 3 program at Ocaña, Peru. Results indicate that the mineralization should be amenable to low-cost heap leach processing.
Copper Fox Metals Inc. (TSXV:CUU) has entered into a subscription agreement with Carmax Mining Corp. (TSXV:CMX) through its wholly owned subsidiary Desert Fox Copper Inc.
NovaCopper Inc. (TSX:NCQ,NYSEMKT:NCQ) Vice President Corporate Communications Patrick Donnelly talks about the Arctic deposit and the Bornite carbonate replacement style deposit in the Ambler mining district in Alaska, near the Teck-operated Red Dog Mine.
PolyMet Mining Corp. (TSX:POM) Investor Relations, Jenny Knudson, talks about the NorthMet copper-nickel-platinum-palladium project, which is in "the later stages of regulatory compliance"
Western Copper and Gold Corporation (TSX:WRN,NYSEMKT:WRN) President & COO, Paul West-Sells, spoke to Resource Investing News at the Prospectors and Developers Association of Canada (PDAC) Convention about the Casino copper-gold deposit in the Yukon.
Copper for delivery in three months on the London Metal Exchange rose $8 to trade at $6566 per tonne, according to Investing.com.
Copper for delivery in three months fell 0.8 percent or $52.90 to $6,613 per tonne on the London Metal Exchange, Bloomberg Businessweek reported.
Copper for delivery in three months on the London Metal Exchange fell 0.3 percent or $19.96 to $6,652 per tonne, according to Bloomberg Businessweek. Stockpiles of the metal are at their lowest since November 2012.
Mining.com reported that Chilean miner Codelco is currently being represented by the country’s State Defense Council in a suit against 22 people who purportedly robbed the mine of millions of dollars worth of copper.