Codelco has taken legal action against Anglo American following the sale of a 24.5 percent stake in its Chilean operation to Japan's Mitsubishi, sparking tensions between Chile's global copper producers.
Greece's decision to call off a referendum about the bailout package has given a lift to copper prices, at least for now.
A strike at Freeport McMoRan's Grasberg project in Indonesia has impacted the company's copper output and aided in tightening the copper supply chain as a whole, positioning copper for a price rally.
Polar Star Mining Corporation (TSX:PSR) announced the beginning of production at its Chépica epithermal gold-silver-copper mine in central Chile.
Yellowhead Mining Inc. (TSXV:YMI) announced that the British Columbia Environmental Assessment Office has approved the Application Information Requirements for its Harper Creek copper-gold-silver project.
Copper tumbled as the once red-hot Chinese economy slows down and Eurozone worries persist.
After finally experiencing upward momentum earlier in the week, copper prices plunged Thursday, as China reported a shrinking trade surplus, and concerns over the European debt crisis took a bite out of the metal’s demand prospects.
Hopes for an improved outlook for the US economy, coupled with higher hopes for the euro zone to resolve its debt crisis, is leading copper to surge.
Paragon Minerals Corporation (TSXV:PGR) provided a further update on exploration activities and results on its controlled South Tally Pond volcanogenic massive sulphide (VMS) project in central Newfoundland.
The first shipment of copper concentrates from Copper Mountain Mining’s (TSX:CUM) mine has made it to the Onahama port in Japan, a key milestone, for the first new copper mine to open in the Province of British since 1998.
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