China has started to purchase copper in a big way again. As part of the country’s strategy to make use of the recessionary trends in the global markets, China has increased its copper buying in the past few months. For full story, click here
BHP, the world’s largest mining company, may seek to acquire mines and plants from any distressed sellers and said some of Rio Tinto Group’s would fit well into its portfolio. For full story, click here
Australia’s Byrnecut Mining, a front-runner in the race for operating a Hindustan Copper mine, has withdrawn its plans before the bidding process was to end, citing poor global financial conditions. For full story, click here
India Infoline has recommended to buy Copper Nov above Rs 185 with a stoploss of Rs 181.8. For full story, click here
Chile’s state-owned Codelco will exercise its options to buy two copper properties from government run Enami. For full story, click here
Nevada Copper’s Septeber 18, 2008 press release includes step out results of 236 meters of 1.03% copper. Nevada Copper’s current 43-101 resource contains 7.9 Billion pound copper resource and associated 144 million ton iron, 1.3 million ounces of gold and 57 million ounces of silver. Get the full details on Nevada Copper’s latest [...]
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