India copper extends gains
India copper futures rose for the fourth straight day Wednesday helped up by a rise in the local equity market. For more information, click here
Archive for February, 2009
KGHM expects its 2009 net down to $134 mln
Europe’s largest copper miner KGHM expects its 2009 net profit dip to 488 million zlotys ($134 million) from the expected 2.9 billion in 2008, as lower copper and rising costs bite. For more information, click here
Freeport sees more cuts if copper price declines
Freeport-McMoRan Copper & Gold said that it might have to make more cuts if the copper prices declines further. For full story, click here
BHP finishes copper search in Congo's Katanga Province
BHP Bilton finished exploring for copper in the Democratic Republic of Congo’s southern Katanga province after five years. For more information, click here
Teck's copper operations cash positive to $1.30/lb
Teck Cominco copper operations will remain cash positive if prices decline to as low as $1.30. For more information, click here
Copper processors demand differential duty
Secondary copper processors in India have asked for a 10 per cent differential customs duty between the virgin metal and scrap to ensure availability of scrap to feed their units. For full story, click here
Copper cuts gains as equities turn lower
Copper prices ended higher Monday, but off their best levels, as a rebound in the dollar and drop in global equity markets trimmed early gains and helped keep prices pinned near the bottom of their range. For more information, click here
Copper jumps on citi reports and weaker dollar
Copper rallied nearly 5 percent and lifted other industrial metals on Monday due to weakened dollar improved sentiment after a report that the U.S. government could enhance its stake in Citigroup. For more information, click here
Western Copper provides update on Carmacks Project
Western Copper Corporation provided an update on the Carmacks Copper located in the Yukon, Canada. For full story, click here
Sumitomo Mining seeks additional control on copper flows
Japan’s Sumitomo Metal Mining Co Ltd announced that it plans to take a stake in at least one copper mine in the year starting in April to get additional control over the source of its ore. For more information, click here
