India copper futures reversed early gains to trade in the negative zone on Friday on overseas leads, where traders weighed hopes for an economic recovery against fears that the rally has been overdone. For full story, click here
BHP Billiton Limited workers at copper mines in Chile and Peru are pressing for a share of record profits earned in 2008 as talks commenced on new labor contracts. For full story, click here
KGHM met forecasts with a 2 percent rise in second-quarter profit, cementing hopes Europe’s second-biggest copper miner will surge guidance for 2009 and lifting its shares on Friday. For full story, click here
The price of copper surged to a 2009 peak above $2.90 a lb in New York futures trade on Thursday, driven by better economic and demand growth prospects in the United States and in Europe’s two leading economies. For full story, click here
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 said it 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
By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]
Shanghai copper prices hit their upside limit in the first few minutes of trade on Thursday, excited by London’s gains in the previous session, when investors were enthused by the U.S. Federal Reserve’s comments that the country’s economy was showing signs of levelling out. For full story, click here
BHP Billiton Ltd. workers are threatening to strike at the world’s leading copper mine if the company doesn’t meet demands for a share of record profits. Pedro Marin, president of Chile’s Mining Federation, stated: We don’t see any alternative. For full story, click here
Copper output at First Quantum Minerals’ Kansanshi Mining Plc in Zambia slipped to 45,073 tonnes in the six months to June 2009 from 52,952 tonnes in the same period last year. For full story, click here
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