With Shanghai copper inventories dropping as much as 2,000 metric tonnes this week as well as expectation for further drops in stockpiles copper futures were up this week for the first week in five. Trading is lackluster today as many people are already out for the holidays, and few want to put on new positions [...]
Between January and July 2008 Zambia has shown a 14.38% increase in their copper cathode output as compared to the same time frame for 2007.
Chile’s view of copper’s outlook is for demand to remain strong and prices to stay high. Santiago Gonzalez said the price outlook in the medium- to long-term scenario was also solid and backed by sustained demand in key markets other than the United States. Find the full article here. While the United States is one [...]
Copper was down 2.2% and 1.9% respectively in London and New York as concerns about lower demand and the uncertainty of the US financial bailout plan left traders limiting their holdings. Pressure mounted on U.S. lawmakers on Friday to agree on a $700 billion financial rescue plan after talks at the White House collapsed in [...]
EastBridge Investment Group will have controlling interest in the copper valve manufacturer, Ji-Bo Pipes & Valves Co. located in Zhejiang, China. EastBridge has agreed to issue 1,000,000 shares of B-preferred stock in exchange for 51% controlling interest in Ji-Bo. Ji-Bo is a well known supplier of copper parts to the plumbing industry and has [...]
Agricola Resources PLC announced a loss of £77,539 in the first 6 months of 2008 as compared to the same time frame in 2007 where they lost £89,825. The major achievement of Agricola since the release of the 2007 Annual Report has been the completion of a maiden Inferred Resource estimate to JORC code reporting standard [...]
The most valuable listed mining firm in the Philippines, Philex Mining Corp, intends to spend $55 million buy out Ango American Pic‘s fifty percent share of their gold and copper venture. The buyout would leave Philex and its subsidiary, Philex Gold Inc. with one hundred percent ownership of Boyongan gold and copper mine. A feasibility [...]
Worries about the US $700 billion US financial rescue plan has left copper at a one-week low. “Copper prices will continue to fall in the medium-term, there is a slowdown in demand and there are recession risks in the U.S. and in Europe — and this could spill over to China.” Find the complete article here. The [...]
Pacific Copper Corp. has agreed to purchase the Yerbas Buenas (Chile) copper oxide property. The property is located southeast of Copiapo, Atacama Region III, Chile. Yerbas Buenas is located roughly 20 km from the El Corral property, which was announced as a Company acquisition on July 8, 2008. The Yerbas Buenas property, which consists of [...]
Delta Exploration Inc. drilled 12 exploration diamond drill holes on the Falea Uranium-Sivler project in Mali and found signficant concentrations of copper. The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal Basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Delta owns a 40% interest in the Falea U-Ag-Cu project. Rockgate [...]
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