Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
Rising inflation and interest rate hikes in China, a struggling Japanese economy, and sustained high oil prices have investors worried about future demand for copper.
Nortec Minerals Corp. (CVE:NVT)(PINK:NMNZF)(FRA:WMQ) announces that it has identified three mineral property areas with porphyry copper-gold-molybdenum potential in Ecuador for acquisition.
Constantine Metal Resources Ltd. (CVE:CEM) announces a signed agreement to acquire a 100% interest in the 909 acre Hornet Creek property located in the Hornet Creek mining district of west central Idaho, USA.
Nevada Copper (TSE:NCU) provided an update on progress of the Definitive Feasibility Study (DFS) that was first announced on November 25, 2010. The DFS is scheduled for completion by June 30, 2011.
Geologix Explorations Inc. (TSE:GIX) announced it has entered into an agreement with a syndicate of underwriters co-led by Wellington West Capital Markets Inc. and Raymond James Ltd. under which the Underwriters have agreed to buy from GIX, on a bought deal basis, 30,304,000 common shares at an issue price of $0.66 per common share for gross proceeds of $20,000,640.
Bloomberg Businessweek reports that copper futures prices continued to rally Friday as positive US industrial reports supported market sentiment for future metal demand.
Daniel Dicker, Senior Contributor to The Street, opines that copper prices are set to rise significantly with the creation of copper ETFs. Copper stocks will no doubt benefit from this forecasted price increase.
Copper, commonly called an economic “bellwether” due to its many uses in industry and commerce, has not escaped the eye of the informed investor. Often overlooked in favor of gold, silver and other precious metals, copper prices have soared since hitting the recessionary bottom in late 2008.
Tarsis Resources Ltd. (CVE: TCC) is pleased to announce that it has received and compiled assays from soil geochemical sampling completed on its White River property. As a result of the soil sampling program Tarsis has increased the size of the property from 48 claims to 168 claims (3,500 hectares) by staking an additional 120 [...]
Supreme Resources LTD. (CVE:SPR) announces that the non-brokered private placement announced on September 1, 2010 to raise gross proceeds of $400,000 through the issuance of an aggregate of 4,500,000 units has been oversubscribed. The Private Placement has been increased to a total of 5,192,000 units for gross proceeds of $469,200. Proceeds of the Private Placement [...]
