South American Gold and Copper Company Limited Announces Start of Drilling
South American Gold and Copper Company Limited (TSE: SAG) reported that it has started to drill its porphyry copper deposit at Pimenton.
South American Gold and Copper Company Limited (TSE: SAG) reported that it has started to drill its porphyry copper deposit at Pimenton.
Red Metal Resources Ltd. (OTCBB:RMES), is a gold and copper exploration company that focuses on acquiring, exploring and developing copper-gold properties in Chile. All of the Company’s two main projects, Farellon and Mateo, are situated in the prolific Candelaria iron oxide copper-gold belt in northern Chile.
Copper future rallied on mounting concerns that demand will outpace global supplies by as much as 600,000 tonnes in 2011.
Bloomberg reports that Chile’s peso gained for the first time in five days as copper.
Bloomberg reports that Copper rose for the first time in three days in London.
Coro Mining Corp. (TSE:COP) will commence further reverse circulation drilling at its Chacay project in early December.
Copper, commonly called an economic “bellwether” due to its many uses in industry and commerce, has not escaped the eye of the informed investor. Often overlooked in favor of gold, silver and other precious metals, copper prices have soared since hitting the recessionary bottom in late 2008.
Bloomberg.com reports that Copper rose for the third straight day in New York.
Teck Resources Limited (TSE: TCK.B, NYSE: TCK) reports quarterly earnings of $467 million, or $0.79 per share, for the third quarter of 2010.
International PBX Ventures Ltd. (CVE:PBX) reports that the company has begun preparations for Phase II drilling on its 100% owned Copaquire copper molybdenum project in Chile.
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