Will Peru Control the Copper Market?
Peru has not always been considered one of the world’s top copper mining countries; however, over the last two decades, a piqued interest in the country’s copper deposits has been is driving Peru's economy.
Peru has not always been considered one of the world’s top copper mining countries; however, over the last two decades, a piqued interest in the country’s copper deposits has been is driving Peru's economy.
Copper prices climbed over $9,500 per tonne for the first time in two-months Monday, as supply concerns ushered investors back into the copper market.
British Columbia’s currently operating mines are benefiting from increased demand and profitability, with copper and gold prices rising considerably on world markets.The climb in commodities prices have resulted in a dramatic increase in mineral exploration spending in B.C.
Copper rose Tuesday, on the back of an agreement by French banks to rollover Greek debt. France introduced a “creative” solution to the Greek debt-crisis on Monday, suggesting that banks roll over some Greek debt for 30 years, in order to help the struggling economy avoid insolvency.
Papuan Precious Metals (CVE:PAU,OTC:PAUFF) reports it has received the interpretation report for the New Hanover geophysical survey.
Indonesia is fortunate to be endowed with vast mineral wealth. The country is the world’s second largest producer of tin and nickel and, in 2009, according to the USGS, was the world’s fourth largest copper producer.
Nevada Copper Corp. (TSE:NCU) reports it has completed a NI 43-101 compliant mineral resource estimate for its Pumpkin Hollow property, Nevada.
Zambia is most famous for its reserves of copper and cobalt, however, the country is also a miner producer of selenium and sliver. Gold, platinum, and palladium are also produced as a by-product of copper mining. Surging copper prices from 2004 to the present day has rapidly rekindled international interest in Zambia's copper sector.
Iron oxide copper gold ore deposits are important and highly valuable concentrations of copper, gold and uranium. With an tendancy for being tremendous in size, relatively simple metallurgy and relatively high grade IOCG deposits can produce extremely profitable mines.
Fjordland Exploration Inc. (CVE:FEX) and Cariboo Rose Resources Ltd. (CVE:CRB) report that Gold Fields Limited (NYSE:GFI) has outlined a $6 million exploration program.
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