Traders’ concerns about copper supply supported the almost 3 percent rise of copper after a 6-week low. Grupo Mexico’s lack of production supported the copper rise and there is no date set for restart of production at the Cananea mine. The copper market is quite finely balanced so its terribly sensitive to any production news,” said Fairfax [...]
Read the full article: "Copper Rebounds on Supply Fears"
Wednesday, July 30, 2008
Skybridge Development Corp. announced the intersection of the Blue Caribou Copper Zone. The Blue Caribou Copper Zone represents mineralized intervals with assays from different sections over a total 800m strike length defined thus far with previously reported assays grading up to 4.28% copper over 5.0m (16.4ft) and 3.62% copper over 8.9m (29.3ft) at a 1.0% [...]
Read the full article: "Blue Caribou Copper Down Dip Intersected"
Wednesday, July 30, 2008
Coronado Resources Ltd. has tons of copper stockpiled on the surface. Drill testing has also revealed samples averaging 45 percent copper underground. Coronado Resources Ltd. has completed shipment of 500 dry tons of mineralized material containing 165,000 lbs of copper. Another 123 tons averaging 16.5% copper remains on site for early August shipment. Sampling of both [...]
Read the full article: "Coronado Has Copper Stockpiled"
Wednesday, July 30, 2008
US copper futures rose sharply after a seven-week low. Production problems in one of Mexico’s major mines supported a big short-covering rally. Copper rallies to its session highs after Mexican copper miner Grupo Mexico said it had no set date to resume copper production at its giant Cananea mine due to a year-long strike. The [...]
Read the full article: "US Copper Futures Rise Sharply"
Tuesday, July 29, 2008
The Canadian-based global mining company, Inmet Mining Corporation, made a formal offer to its shareholders for all outstanding common shares of Petaquilla Copper Ltd. Those who accept will receive C$2.00 per share. The offer represents a 108 percent premium to the closing price of the shares on the Toronto Stock Exchange as at July 4, 2008, [...]
Read the full article: "Inmet Mining Makes Offer to Shareholders"
Tuesday, July 29, 2008
The Vancouver-based Copper Mountain Mining Corp. expects to restart their mine in British Columbia at the end of 2010. The company intends to invest C$437.4 million in the reopening of the mine, which should have a life of 15 years. The Copper Mountain mine, which was shut in November 1996 because of rising production costs, [...]
Read the full article: "Copper Mountain to Restart Canadian Mine"
Tuesday, July 29, 2008
Explorator Resources Inc.’s El Espino project in Chile continues to show significant copper mineralization during phase three of its drilling. Explorator is a Canadian based mining company. The drilling program in the Rachel area is designed to upgrade resources from the inferred to indicated category as well as extend the resource area to the east. Results [...]
Read the full article: "Explorator Resources Continues to Find Copper"
Tuesday, July 29, 2008
Keeping in line with a drop in crude oil, US copper futures have also fallen. A firmer dollar and continued concerns about economic growth left copper just above its 6-week low. Copper down in tandem with energies and precious metals complexes, after the dollar extends its morning gains on better-than-expected U.S. July consumer confidence data. [...]
Read the full article: "US Copper Opens Down"
Tuesday, July 29, 2008
By Leia Michele Toovey – Exclusive to Copper Investing News The copper market was a little dull on Monday, as stagnancy arose from the battle of global demand fears and the summer market lull. London LME copper stocks rose 2,575 tonnes to 136,050, putting a lid on prices. However, these stocks are not particularly high; [...]
Read the full article: "Copper Market in Hiatus, at Least for Now"
Monday, July 28, 2008
Pan Australian Resources Ltd. has been exploring the Puthep deposit in Thailand that may lead to a new mine providing a half million tonnes of copper over a 10 year period. An updated estimate of the mineral resource at the Puthep deposit in northern Thailand supported plans for a 10-year-plus mine project processing 10 [...]
Read the full article: "PanAust Exploring New Thai Copper Mine"
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Wednesday, July 30, 2008