By Leia Michele Toovey- Exclusive to Copper Investing News
Now that the U.S. election is over, the economy is back in the spotlight.
Earlier this week, pre-election excitement sent the economy on an ascent; following the election, the markets tracked back their gains. On Wednesday, copper, considered a key indicator of economic health, was down five per cent. Is [...]
Probe Mines Limited has begun sampling of their remaining peridotite found on the McFaulds West property.
The preliminary assay results for the McFauld’s West core samples are very encouraging and suggest that the peridotite on the McFauld’s West property has the potential to host PGE mineralization in addition to other metals, such as nickel and [...]
Alexis Minerals Corporation has discovered copper-rich massive sulphide zones in the Louvicourt Mine in Val D’Or, Quebec.
The massive sulphide horizon sits directly above a substantial 54.0 metre-wide, alteration and copper-rich stringer sulphide zone in a classical association that characterizes many Volcanogenic Massive Sulphide (VMS) Deposits in the region.
Find the complete article here.
Results to date [...]
International Millenium Mining Corp had disappointing drill results from their Cobalt, Ontario property. While good copper mineralization was found near the surface mineralization levels were not at a level worthy of extended drilling.
What encouragement there was, came in the form of sphalerite present in most of holes in the southern part of the grid and [...]
Santa Fe Metals Corporation announced results from their Cuatro Cienegas project in the State of Coahuila, Mexico. Copper oxide material from Cuatro Cienegas is being tested by Professional Associates Ltd. (PRA) in Richmond, BC.
The average head grade as determined by PRA is 1.7% total copper (TCu), of which 86% or 1.46% is leachable oxide copper [...]
Global recession concerns found copper at a 33-month low, dropping up to 8 percent on Thursday. Base metals were able to pare earlier losses when European shares came back slightly from an earlier drop.
There is a very strong link between equities and commodities that will persist for the time being,” Standard Chartered analyst Dan Smith [...]
The top mining port in Chile, Antofagasta, has workers striking for a second day in a row. Demands for higher pay and better working conditions are the reasons behind the strike.
Workers started their strike at Antofagasta, which serves Chile’s northern mining region, just before midnight on Tuesday, leaving at least one copper shipment delayed for [...]
The Philippines is most likely to grant a green light for operations to begin again at the South Korean-owned Rapu copper and zinc mine. The mine is 30 percent owned by Malaysia Smelting Corp Bhd and 70 percent owned by Korea Resources Inc. and LG International Corp.
The Rapu Rapu mine, the first fully foreign-owned [...]
The world’s largest copper producer, Codelco, anticipates a profit drop as copper prices fall. Results for the first half of 2008 were down 12 percent from the first half of 2007 – $4.108 billion to $4.669 billion.
Citing what it called a provisional and unofficial 2009 Business and Development Plan (PND 2009) by the state miner, [...]
Vedanta Resources Pic, the India-focused metal group, saw its copper production fall in their second quarter.
Vedanta also said on Monday its expansion projects were progressing well, including a new aluminium smelter in India that is ramping up and a copper smelter in Zambia.
Vedanta shares, which have shed 65 percent since touching a peak in [...]
Thursday, November 6, 2008
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