Copper fell on the London Metal Exchange, losing 25 percent this quarter marking it as the worst performance since almost 1986. The S&P GSCI index of 24 commodities has fallen 28 percent. Concerns about financial turmoil impacting growth and demand found copper falling. We’re going to see over the next six months oil and [...]
Read the full article: "Copper Leads Decline in Metals"
Tuesday, September 30, 2008
Stingray Copper Inc. provided a metallurgical test program update for their El Pilar copper Project in Mexico. The testing has been carried out by Metcon Research Inc. and Noranda Mexico/Falconbridge. Stingray completed its program of 207 in fill drill holes at the El Pilar resource in June of 2008. Fifty nine of these drill [...]
Read the full article: "Stingray Copper Update"
Tuesday, September 30, 2008
East West Resource Corporation (TSX VENTURE: EWR) found copper at depth while drilling near Thunder Bay, Ontario, Canada at their Teck Hill and Gazooma locations. Marshall Lake Mining PLC (PLUS:MLM) is a 50% joint venture partner of the project. Hole TK-08-09 on the Teck Hill copper occurrence undercut historical drilling and intersected 50.5 metres of mineralization containing [...]
Read the full article: "East West Resource Confirms Copper"
Tuesday, September 30, 2008
A global leader in communication products and systems, Andrew, the CommScope, Inc. division, launched their HELIAX 2.0 cable and connector family for wireless networks. The world’s first complete cable family provides operators and OEMs new radio frequency (RF) transmission line choices. Unique to Andrew’s HELIAX 2.0 is the company’s offering of a single, multi-faceted connector, [...]
Read the full article: "Andrew Launches World's First Complete..."
Tuesday, September 30, 2008
A strong US dollar and continued concern about demand issues with the ongoing worry of an increasing credit crisis found copper below the $3.00 a pound threshold in New York futures trade. * Copper’s sharp morning losses tied to reduced appetite for risk as concerns about the fragility of the global economic outlook and slower [...]
Read the full article: "Copper Falls Below $3 Per Pound"
Monday, September 29, 2008
The Canadian based International Enexco (TSX Venture: IEC) has started a 5,000 metre phase one drilling program on their recently optioned Boston Claims project with an expectation to find copper, gold and silver skarn mineralization. The project is located in Elko County, Nevada. The recently optioned Boston Claims are located approximately 14 kilometers east of [...]
Read the full article: "International Enexco Copper Drilling"
Monday, September 29, 2008
Market leader in access structure and residential gateway voice solutions, Zarlink Semiconductor Inc., and leading supplier of semiconductor solutions for network infrastructure applications, Mindspeed Technologies Inc., indicated that the joint next-generation access solution connecting Zarlink VoiceEdge VE792 Next-Generation Carrier Chipset (NGCC) with the Mindspeed Comcerto 300 Series of access VoIP processors is now available. [...]
Read the full article: "Zarlink and Mindspeed Deliver Complete..."
Monday, September 29, 2008
West Timmins Mining Inc. (WTM) reported on the drilling results of their wholly owned Montana de Oro project in Sonora, Mexico. They have extended the La Dura Copper zone to more than 1,000 metres along the north-south drill section. Copper mineralization has been intersected over down-hole widths of 61 to over 300 metres with grades ranging [...]
Read the full article: "WTM Extends La Dura Copper Zone"
Monday, September 29, 2008
A firm US dollar brought copper even further down to a 9-month low. After a record high on July 2 copper sank more than 25% and investors continued to hold out for the conditions of the US financial bailout plan. Leon Westgate at Standard Bank blames the dollar for the drop in copper. He said [...]
Read the full article: "Copper Hits Lowest Point Since December 2007"
Friday, September 26, 2008
By Leia Michele Toovey- Exclusive to Copper Investing News Copper sat in relative limbo as investors focussed on the government’s proposed financial bailout plan. On India’s Multi Commodity Exchange, the MCX, futures were steady with an upside bias as a week dollar and rising crude extended support. The upside, however, was capped by bailout uncertainties. Thursday’s benchmark November [...]
Read the full article: "Copper in limbo over government bailout"
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Tuesday, September 30, 2008