Supreme Resources(CVE:SPR) reports a non-brokered private placement financing to raise gross proceeds of up to $400,000. Proceeds of the Private Placement will be spent on the Company’s TAS and Verde Projects located in the Copper Mountain Mining Camp near Princeton, British Columbia and the Ample-Goldmax Property located near Lillooet, British Columbia and for general working capital. [...]
Canada is the third largest copper producer in the world, after Chile and the USA. In Canada, copper is always produced in conjunction with another metal, most often as a co-product with nickel, zinc, lead, gold and molybdenum.
RGJ.com reports Nevada Copper (TSE:NCU) will be giving an update on its Pumpkin Hollow project. The Nevada Copper website further says, “Pumpkin Hollow is an advanced development stage copper property, which contains Measured and Indicated Resources totaling 5.6 billion pounds of copper, plus additional Inferred Resources of 3.7 Billion pounds of Copper (all using a 0.2% [...]
Constantine Metal Resources (CVE:CEM) reports results for the first three drill holes for the 2010 drill program. The Project, which hosts a 4.12 million tonne inferred resource grading 2.01% copper, 4.79% zinc, 0.30 g/t gold and 31 g/t silver (using an NSR cut-off of US$75/t), is located in a very accessible part of southeast Alaska with good [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Wednesday, September 1, 2010