Nortec Minerals Corp. is a Canadian company focused on mineral exploration and development in Finland, Canada and Ecuador.
India’s copper futures may open slightly lower on Friday as higher-than-expected U.S. jobless claims renewed concerns of a weak economic recovery. Paras Sejpal, an analyst with TransMarket Group Research, stated: Copper’s good support is towards 288.50-289 rupees levels, expect corrective decline towards this level and find support there. For full story, click here
Sterlite Industries, a subsidiary of Vedanta Resources, the London-based metal and mining group, has once again surged its offer for the assets of U.S Based Asarco, by about $500 mln to around $2.1 bln. For full story, click here
Reuters declared that slip in Chinese copper imports may be enough to trigger a slip in prices in August but the metal’s medium term outlook still looks bright. But some are concerned that such high prices in an economic recession threaten future demand. For full story, click here
Straits Resources Ltd. will sell its idled Whim Creek copper mine in west Australia to explorer Venturex Resources Ltd. for up to $9.2 million. For full story, click here
Metals Consulting Group GFMS has surged its copper price forecast by around 10 percent for this year and expects higher prices until 2012 on expectations of stronger metals demand. For full story, click here
Copper prices slipped on Wednesday, with Shanghai futures shedding more than 3 percent and London dipped by 2 percent under pressure from a slide in Chinese equities. For full story, click here
India copper futures extended losses for a fourth day on Wednesday, as slipping equity markets and a stronger dollar weighed on prices. The most-active August copper contract MCCQ9 was 1.53 percent lower at 292.55 rupees per kg at 5:42 p.m., after losing 4 percent in the last three sessions. Tejas Seth, senior research analyst with [...]
Zambia’s Konkola Copper Mines has contracted Brazil’s U & M Mining to help it mine for copper in Zambia as it seeks to surge output to 500,000 tonnes by 2011. For full story, click here
African Copper Plc posted a first-half profit aided by a reversal of impairment and declared that it has restarted the operations at its mine in Botswana, and was confident about the future, sending its shares up as much as 21 percent in early trade. For full story, click here
Monday, August 24, 2009