Copper Mining in Africa
Copper mining has been taking place in Africa for thousands of years and still occurs today. Here's a look at three companies that are currently mining the red metal on the continent.
Copper Gets a Pick-Me-Up
Copper prices are up on the London exchange supported by a weak dollar and better-than-expected economic data from Japan.
Tips for Diversifying Beyond Gold from Brent Cook
Last month's landslide at Utah's Bingham Canyon, one of the world's largest copper mines, triggered significant discussion on possible copper shortages.
Rio Tinto Looks to Start Exports from Oyu Tolgoi
Rio Tinto could be a few short weeks away from exporting metal from the Oyu Tolgoi mine in Mongolia.
Company News
South American Silver Announces Results from Its 2013 Annual and Special Meeting
South American Silver Corp. (TSX:SAC,OTCQX:SOHAF) announced that all of the resolutions that shareholders were asked to consider were approved at its 2013 Annual and Special Meeting. Six directors were elected and a special resolution was passed that authorizes the Company to change its name to "Solidus Resources Corp."
IMX Provides Exploration Updates from Mt Woods Copper-Gold Joint Venture Project
IMX Resources Limited (TSX:IXR,TSX:IXR.WT,ASX:IXR), with JV partner Oz Minerals, announced updates from exploration activities for their Mt Woods Copper-Gold Joint Venture Project.
Production Halt at Freeport-McMoRan Copper & Gold, Raising Prices, Prompting Safety Review
loomberg reported that Freeport-McMoRan Copper & Gold Inc is taking on a safety review after a tunnel collapse at their Indonesian unit caused multiple fatalities and a production halt is raising prices on supply concerns. As quoted in the Bloomberg report:
Plains Exploration & Production Company Vote in Support of Freeport-McMoRan Copper & Gold Acquisition
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration & Production Company (NYSE: PXP) announced that shareholders have voted in support of FCX's proposed acquisition of PXP.
Company Videos
INN Video: Corey Dias of Equinox Copper on Chile as the Largest Copper Producer Worldwide
Equinox Copper Corp. (TSXV:EQX) CEO, Corey Dias, spoke with the Investing News Network at PDAC in Toronto on Chile being one of the best mining jurisdictions in the world.
INN Video: Douglas Newby of Polymet Mining on the Advantages of U.S. Copper Mining
Polymet Mining Corp (TSX:POM) CFO, Douglas Newby spoke with the Investing News Network during PDAC 2013 in Toronto. Polymet is a Canadian company with a large Copper-Nickel project, the NorthMet project, in northeastern Minnesota. The Company is currently at permitting stage for its Minnesota project, Mr. Newby commented that obtaining permits can sometimes be challenging in the U.S. but once a project is fully permitted it is an advantageous jurisdiction.
INN Video: Stephen Twyerould of Excelsior Mining
Excelsior Mining (TSXV:MIN) President and CEO, Stephen Twyerould, spoke with the Investing News Network during PDAC in Toronto on their flagship copper project in Arizona.
INN Video: Steve Williams of Pasinex Resources
Pasinex Resources (CNSX:PSE) President and CEO, Steve Williams, spoke with the Investing News Network during PDAC in Toronto on Turkey as a mining jurisdiction and upcoming plans for their two projects in 2013.
Market News
Copper Up on Supply Restrictions, Weak Dollar
A weakened dollar and a production outage at the world's second-largest copper mine in Indonesia have boosted copper prices.
Grasberg Production Halt Hikes Prices to Two-Week High on Supply Concerns
Reuters reported that copper rallied to a two-week high, lifted by supply concerns after the stoppage in production at Grasberg and on a soft dollar. As quoted in the market report:
Copper rises to $7,408 a tonne in London
opper prices were down on May 21 on the London Metal Exchange due on the back of weak import figures from China.
Chinese Copper Premiums Swell to 7-Month High
Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
