A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte is excited to have joined the Investing News Network as an editorial assistant, and looks forward to gaining more knowledge about the commodities sector. She plans to complete her certificate in the spring of 2013.
Kombat Copper Inc. (TSXV:KBT) announced that it has received the full set of results from the diamond drill core program at its Gross Otavi license, noting that the results confirm the presence of copper and zinc.
MINING.com reported that the United States’ refusal to vote on World Bank funding aimed at expanding Rio Tinto’s (ASX:RIO,LSE:RIO,NYSE:RIO) Oyu Tolgoi copper-gold mine has thrown a wrench in the company’s plans as it has created pressure for the company to substantially change the project. Among other things, the US is reportedly concerned that the project’s Environmental and Social Assessment “has gaps in critically important information.”
Mineweb reported that “sensitive negotiations” between Nautilus Minerals (TSX:NUS,LSE:NUS) and its partners on the Solwara 1 underwater copper-gold mining project have wrapped up, with the result being that the deeds for the project have been redrawn to give the government of Papua New Guinea (PNG) the ability to gain 30-percent ownership of its intellectual property rights.
Reuters reported that the US Securities and Exchange Commission has approved a rule change that will allow BlackRock Inc. (NYSE:BLK) to list a copper-backed exchange-traded fund on NYSE Arca. This step forward means BlackRock’s ETF may be launched before that of JPMorgan Chase & Co. (NYSE:JPM).
Pershimco Resources Inc. (TSXV:PRO) reported that the most recent two drill holes completed at its Idaida target intercepted “notable” copper and gold mineralization. Additionally, they broadened the mineralized trend to the east.
Reuters reported that a poor demand outlook for industrial metals — caused by indications of weak global growth — brought copper to almost a three-week low.
Sagittarius Mines Inc., which operates the Philippines-based Tampakan copper-gold mine on behalf of Xstrata plc (LSE:XTA) and two other shareholders, announced that it is delaying the start of production at the mine by three years. Production is now expected to begin in 2019.
Reuters reported that Antofagasta plc (LSE:ANTO) has submitted its Chile-based Oxidos Encuentro copper project for environmental approval. The project is worth $600 million and the company hopes for initial production to start in 2016.
Reuters reported that the labor contract at Chile-based Codelco’s Chuquicamata mine will expire at the end of February 2013, but CEO Thomas Keller is hopeful that a new deal will be reached by the end of this year.
