Nevada Copper: Ready When You Are, Congress

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.

Copper Bottom’s Not Here Yet

Heavy is the head that wears the crown, especially when that crown is the indicator of the global economy.

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Mickey Fulp: A Hopeful Optimist in Today’s Markets

At this year’s Prospectors and Developers Association of Canada conference, Investing News Network spoke with Mercenary Geologist Mickey Fulp, who is hopefully optimistic in today’s resource market.

Company News

Congo’s Gecamines to Increase Copper Production by 46%

Bloomberg reported today that Gecamines, the Democratic Republic of Congo’s state mining company, is planning growth in copper production this year as it looks for funding for new projects. The company is also looking for financing for its 100% owned Deziwa and Ecaille C mining concessions,m according to Bloomberg.

Vale Halts Production at Copper Cliff Mine

Northern Life reported yesterday that Vale (NYSE:VALE) stopped operations at its Copper Cliff mine after an equipment malfunction on Sunday.

Copper Fox Details Drill Program at Van Dyke

Copper Fox Details Drill Program at Van Dyke

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.

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Market News

China’s State Reserves Bureau Buying Bonded Copper

Reuters reported today that the State Reserves Bureau for China has bought 2000,000 tonnes of imported copper between March and April. According to its sources, Reuters said that the stockpiler plans to move the copper stocks to state warehouses by June, and will also sell off older copper to rotate stocks.

Copper Falls to $6,611.75 per Tonne on China Worries

Three-month copper on the London Metal Exchange fell 0.6 percent or $39.67 to trade at $6,611.75 a tonne on Tuesday, according to Reuters. As an economic slowdown seems only likely to continue in China, the red metal is still feeling the impact of concerns regarding Chinese demand.

HKEx to Trade Copper, Aluminum, Zinc Mini Futures

Reuters reported that Hong Kong Exchanges and Clearing Ltd. will start trading copper, aluminum and zinc mini futures in the coming year. HKEx Chief Executive Charles Li told Reuters he hopes to meet the needs of the commodities industry in Asia with the new platform.

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