Overview Canasia Industries Corporation (CAJ) is a Canadian junior exploration company dedicated to the aggressive pursuit of world class mineral deposits. Canasia’s multiple active projects include: Over 450,000 acres of POTASH claims with government permit approval, 200,000 acres contiguous to a major COPPER discovery at Reed Lake, Manitoba, with drilling about to commence, multiple active [...]
Overview Grenville Gold Corp. is a Vancouver-based junior public company acquiring and developing precious and base metals deposits in South America. The growth strategy is focused on the acquisition of advanced exploration, near production, and past producing deposits with strong potential for near-term, low cost production.Our goal is to create value for our shareholders through [...]
Freeport-McMoRan announced quarterly dividends. $0.4375 per share of FCX’s Common Stock (NYSE: FCX). $1.6875 per share of FCX’s 6¾% Mandatory Convertible Preferred Stock (NYSE: FCXprM). $13.75 per share of FCX’s 5½% Convertible Perpetual Preferred Stock. See the full release here.
Reuters UK reports that Jiangxi Copper and China Metallurgical will spend $4.4 billion to develop the Aynak Copper Mine in Afganistan. Jiangxi Copper will pay HK$2.57 billion ($329 million) for a 25 percent stake in the project with China Metallurgical owning 75 percent, it said in a statement late on Sunday. The Aynak deposit has [...]
Bloomberg reports that a new strike in Peru will affect copper prices around the world. 28,000 miner are striking to pressure for a better share of profits and better pensions. Strikes have cut copper output in Peru, Chile and Mexico, helping fuel a 27 percent rally in the price of the metal this year. Copper [...]
The Corporation owns 100% of the Pumpkin Hollow Copper Development Property in the Walker Lane mineralized belt of Western Nevada. Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totaling 4 Billion pounds of Copper plus additional Inferred Resources of 3.9 Billion pounds of Copper (all using a 0.2% copper cutoff grade).
A reduced amount of warehouse inventory and a strong external market supported a rise in copper. Cause for concern would include a lack of Chinese presence in the market and fewer signs of supply issues. However, Peru may cause a disruption to supply as early as Monday, June 30. Copper may find renewed supply-side support from [...]
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Monday, June 30, 2008