By Leia Michele Toovey- Exclusive to Copper Investing News
Volatile copper prices fell more than 2 per cent before turning positive on Thursday.
The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 moved up [...]
By Leia Michele Toovey- Exclusive to Copper Investing News
After the week started on a good note, on Wednesday a Fed warning that the U.S. economy still faces significant threats and bleak U.S economic data led Wall Street to its worst day since the 1987 stock market crash. Copper dropped as much as 8 per cent [...]
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 [...]
Investors frozen by the recessionary chill saw copper drop to its lowest point since March 2006. Copper sank more than 9 percent. Copper looks to be the most exposed as sectors beyond the banking sectors are being impacted by negative demand reaction.
Copper is now very close to $4,000, the average cost of production, according to [...]
Record high prices for sulphuric acid, which is used in the production of copper and extraction, are impacting margins.
Chile, the world’s largest copper producer, is likely in the next few days to set this year’s global benchmark prices for sulphuric acid and analysts say they may double.
Find the complete article here.
2007 saw sulphuric acid at [...]
Due to the financial global crisis the Russian Copper Company has sidelined their intentions to expand into nickel and build a zinc plant with a rival company. The company, Russia’s third largest copper producer, intends to continue its current projects without any production cuts.
“We are not closing any projects. We are only putting on hold [...]
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 % zinc [...]
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 of [...]
Thursday, December 11, 2008
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