Copper Steadied at $7,816 a Metric Ton
Reuters reported that copper steadied at $7,816 a metric ton on reports of China’s infrastructure growth plan.
Archive for 2012
AQM Files NI 43-101 Technical Report for Peruvian Project
AQM Copper Inc. (TSXV:AQM) announced that it filed an NI 43-101 compliant technical report for its Zafranal project, located in Southern Peru.
Size of Chinese Copper Stockpiles Not Promising
Reuters reported that China’s metals warehouses are so full that copper is being stockpiled in car parks, a bad sign for global metals prices and an indication that China’s growth may not continue.
Eurozone Weighs Down Copper, but Japan Growth and US Industrial Demand Give Hope
The Eurozone’s outlook is weighing down on the global economy and copper demand for now, but signs of Japanese economic recovery and a pick up in US industrial output may give momentum to the red metal.
Chile’s Codelco Faces Mine Protests
Bloomberg reported that Chilean copper mines owned by Chile’s Codelco have faced protests regarding job security. The Collahuasi mine, owned by Anglo American plc (LSE:AAL) and Xstrata plc (LSE:XTA) and also located in Chile, has been unaffected.
Goldcliff Acquires Copper-Silver-Lead-Zinc Showing
Goldcliff Resource Corp. (TSXV:GCN) announced that it has acquired the Goldrop copper-silver-lead-zinc showing, an addition that improves the potential of its Whipsaw target.
Promising Results for Southern Hemisphere’s Chile Copper Project
Southern Hemisphere Mining Ltd. (ASX:SUH,TSXV:SH) announced that recent drill results from its Llahuin copper project in Central Chile indicate the potential for a high-grade area in the Central Porphyry zone.
Canyon Copper To Send Geological Team to Moonlight and New York Properties
Canyon Copper Corp.(TSXV:CNC) announced the commission of a visit by a team of senior geologists to its Moonlight and New York properties. A drill program is planned to commence in early Summer 2012.
All Grade to Acquire Chile Copper Project
All Grade Mining Inc. (OTCQB:HYII) announced that will be acquiring the Jose Del Transito copper project in Chile. The company plans to take control of the mine in the next few weeks.
Copper May Be on Cusp of Investment Wave
Despite global market concerns, this may be the best time to invest in mining companies that are eyeing longer-term gains and concentrating on addressing global demand in coming years.
