Jiangxi Copper saw 64% dip in H1 Profit
Jiangxi Copper declared that it has expected its first-half profit to slip 57-64 percent from the year-ago period due to a substantial dip of its product prices. For full story, click here
Archive for July, 2009
Shanghai Copper dipped 0.9%, chasing LME losses
Shanghai copper dipped nearly 1 percent on Wednesday, tracking London’s losses in the previous session as weak U.S. consumer confidence data prompted investors to pause from a rally that has lifted prices more than 80 percent this year. For full story, click here
Vancouver's Taskeo Mines have boosted Copper Output by 50%
Vancouver-based Taseko Mines Limited has surged copper output in the second quarter of 2009 by nearly 50 per cent over the same period last year. For full story, click here
Sierra Gorda has revealed 140,000 tonnes per year of Copper
Vancouver based Quadra Mining has released a scoping study on its Sierra Gorda project in Chile’s region II outlining a 25 year life in which it would produce on average 306 Mlb per year copper, 16 Mlb per year molybdenum and 36,000 oz per year gold for a startup CAPEX of USD 1.66 billion and [...]
Chinese Copper firm will surge $6 bln for CAPEX
Xinhua declared that Yunnan Copper Company Limited will privately place 300 million new shares to surge about CNY 6 billion. For full story, click here
World's Leading Copper Mine Minera Escondida will cut Output
Reuters declared that Minera Escondida will be closing part of its mining operations for repairs. It will be repairing the Laguna Seca semi autonomous grinding mill for 45 days. During the Q1 of this year, output fell by about one third compared to 2008. For full story, click here
Zhonghui Mining will explore Copper Resources in Zambia
DJ declared that Hong Kong based Zhonghui Mining Group has planned to invest USD 3.6 billion in the exploration and mining of copper resources in Zambia over the next five years. For full story, click here
BHP Copper Output has been hit by Escondida Mill Woes
Reuters declared that the world’s biggest copper mine in Chile is shutting a key milling operation for 45 days for repairs after equipment problems contributed to a 38% decline in mine production of 2008 for 57.5% owner BHP Billiton. For full story, click here
India Copper Futures have extended gains on Economic Optimism
India copper futures have extended gains for a third session on Monday as optimism of an early economic recovery raised hopes of demand revival. For full story, click here
Japanese Smelters have Settled Down Copper Treatment and Refining Charges
Japanese copper smelters Pan Pacific Copper, Sumitomo Metal Mining and Mitsubishi Materials and copper miner BHP Billiton have reached agreement on mid year copper treatment and refining charges for the current year. For full story, click here
