Candorado Operating Company Ltd. discovered copper and gold at their wholly owned Bluff Lake property near 100 Mile House, BC, Canada. A prominent easterly trending copper-in-soil anomaly measuring over 500 metres long and 150 metres wide was defined over one target area. Prospecting of this area resulted in the discovery of copper mineralized float containing [...]
Cogitore Resources Inc. intersected 3.59% copper at their wholly owned Scott Lake project in Quebec, Canada. Hole SC-30, testing the eastern edge of the West Lens, intersected 25 metres of massive and semi-massive sulphides with an overall grade of 2.04% copper and 52.5 g/t silver, including a higher grade zone returning 3.59% copper, 1.27 % [...]
Tri-Star Holdings Inc (PINKSHEETS: TSHL) closed its acquisition of Idaho Copper Mines. The company now holds 80% of the mineral rights to Blue Jay #12, Blue Jay #13 and Blue Jay #14, which are all located in the Lemhi Mountains of Idaho. The Blue Jay Claims #12, 13, and 14 are estimated to contain approximately [...]
Eurasian Minerals Inc. (EMX) has discovered high-grade copper-silver mineralization at their Champagne prospect in Haiti. The results included 14 metres at 19.15% copper within a corridor of copper-silver showings going beyond 1275 metres. They also have results from their La Mine project. EMX as manager, is exploring northern Haiti with [Newmont Ventures Limited] as part [...]
KGHM, Europe’s top copper miner, believes 2009 will be much more difficult as the lower demand for copper will impact their revenues. They are anticipating a consumer driven market with strong supply. Pawel Puchalski, analyst with BZ WBK in Warsaw, commented on KGHM’s current standings. It’s not that the company will sell less copper, but [...]
The top copper miner, KGHM KGHM.WA, in Europe anticipates a lower third quarter than the same time last year and may even go so far as to reduce their 2008 forecasts due to a lessening of certain copper products. We will close the third quarter with revenue lower than in the third quarter of [...]
Europe’s largest copper producer, Norddeutsche Affinerie, plans to invest 62.5 million euros to grow its copper scrap recycling ability at its Luenen plant in central Germany. The expansion would increase their capacity from its current 220,000 tonnes to 350,000 tonnes by 2011. Norddeutsche plans to add a second smelter and equipment to decrease waste gas [...]
Japan’s biggest copper smelter, Pan Pacific Copper, intends to produce approximately 310,600 tonnes of copper over the second half of their business year ending March 31, 2009. To meet the expectation would show a 2.6% rise in output from the same time period last year. Nippon Mining and Mitsui Mining merged most of their copper [...]
Dowa Holdings Co. Ltd. in Japan expects copper production to be up over 10,000 tonnes of copper per month during the second half of their business year ending March 2009. These expectations would be an 8.5% rise from last year’s results. Dowa is among the leading companies that produce metal using recycled material, and has upgraded [...]
The strong US dollar and demand concerns left copper dropping 6.3% to $2.52 a pound. Copper down in line with sharp losses on Wall Street, with the Dow Jones industrial average .DJI down 309.59 points, or 3.00 percent, at 10,015.79. The Standard & Poor’s 500 Index .SPX off 37.99 points, or 3.46 percent, at 1,061.24, [...]
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