Copper Mining in Canada
Canada is the third largest copper producer in the world, after Chile and the USA. In Canada, copper is always produced in conjunction with another metal, most often as a co-product with nickel, zinc, lead, gold and molybdenum.
US Demand Concerns Hit Copper Market
Fears that the economic recovery is about to stall caused bell weather copper to fall its most in five weeks.
Copper Climbs as Greenback Descends
Copper climbed to a one-week high as a declining greenback spurred international demand for the metal.
Copper Pauses Ahead of Fed Statement
Copper plunged to a near two-week low Tuesday, as investors worried that the recent rally has been overdone. Benchmark copper for three-month delivery on the London Metal Exchange traded at $7,250 a tonne from $7,425 at the close on Monday.
Copper Investors Capitalize on Metal’s Rally
Copper dropped on Tuesday, marking the first time in five days that the metal treaded into negative territory. Copper for delivery in three months fell $91, or 1.2 percent, to $7,419 a metric tonne at 10:07 a.m. on the LME.
URSA Major Minerals Announces New Management Appointments
Thu, Sep 2, 2010
URSA Major Minerals Incorporated (TSE:UMJ) announced the appointment of Mr. Eric Loch as Vice President, Mine Operations and Projects.
Lundin Announces Amendment to Credit Agreement to Increase Facility to US$300 Million and Extend Term to 2013Lundin Announces Amendment to Credit Agreement to Increase Facility to US$300 Million and Extend Term to 2013
Lundin Mining Corporation (TSE:LUN) announced that it has executed an amended and restated credit agreement that increases the amount of its revolving credit facility to US$300 million from $225 million, reduces its costs of borrowing and extends the term of the Facility to September 2013 from May 2012.
Supreme Resources Ltd. announces private placement
Supreme Resources(CVE:SPR) reports a non-brokered private placement financing to raise gross proceeds of up to $400,000. Proceeds of the Private Placement will be spent on the Company’s TAS and Verde Projects located in the Copper Mountain Mining Camp near Princeton, British Columbia and the Ample-Goldmax Property located near Lillooet, British Columbia and for general working capital. [...]
KAT Exploration Inc. to Drill Test IOCG Targets at Rusty Ridge
KAT Exploration, Inc. (PINK: KATX) informed its shareholders and investment community that the company is now ready to begin drilling on its 100% wholly owned Rusty Ridge Iron Oxide Copper Gold (IOCG) property.
Hudson River Intersects Gold, Copper and Zinc Mineralization Near McFaulds Lake
Hudson River Minerals Ltd. (CVE:HRM) announced the assay results from its recent drilling program southwest of McFaulds Lake. All three drillholes encountered anomalous copper (Cu) and zinc (Zn) mineralization with two holes returning anomalous gold (Au).
Rio Cristal Resources Completes US$3,284,098 Financing
Rio Cristal Resources Corporation (CVE:RCZ) announced that it has completed a non-brokered private placement of 38,636,450 units of the Company at the price of US$0.085 per Unit, each Unit consisting of one common share and one-half warrant for total proceeds of US$3,284,098.
First Metals Inc. Receives Indenture Default and Interest Forbearance from Majority of Bond Holders
First Metals Inc. (TSE:FMA) announced that the Corporation has received a forbearance from the majority of bond holders until November 1st, 2010 allowing debt restructuring discussions to progress and continued discussions with Kaskattama Inc.
Romios Announces Closing of a Flow-Through Private Placement
Romios Gold Resources Inc. (CVE:RG) announced that it placed 2,000,000 units on a flow-through basis priced at $0.15 per FT Unit for gross proceeds of $300,000. Each FT Unit consists of one (1) flow-through common share and one-half of a share purchase warrant.
Tarsis Drills 0.71% Copper and 0.41 g/t Gold over 7.80 meters at MOR, Yukon
Tarsis Resources Ltd. (CVE:TCC) reports assay results from its completed diamond drilling program at MOR property, southern Yukon. Two holes totaling 443.83 meters were drilled by Top Rank Diamond Drilling under the supervision of Archer Cathro & Associates (1981) Limited. Drilling intercepted massive, semi-massive and heavily disseminated sulphides. For complete news release, click here. For Tarsis company profile, click [...]
Copper gains most in a month as equities rise
Bloomberg.com reported on Copper gains most in a month as equities rise:
- Constantine Metal Resources – New VMS Discovery
- Excalibur Resources – VMS project in Ontario, Historic property in BC
- Franconia – Developing Birch Lake in Duluth Complex
- Nevada Copper Corp. – Developing Nevada’s Next Major Copper Mine
- Nortec – mineral exploration and development in Finland, Canada, and Ecuador
- Opawica Explorations Inc. – Ontario Gold and Copper
- Supreme Resources – Copper and Gold in BC
- Tarsis Resources – Copper, Gold, Zinc exploration in the Yukon and Mexico
Asides 
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Tuesday, August 31, 2010