Orvana Minerals Corp. (TSX:ORV) reported the key results from the Feasibility Study for the Copperwood copper project, Upper Peninsula, Michigan, USA.
Bloomberg reported that Xstrata Plc (LSE:XTA) has decided to merge with Glencore International Plc (LSE:GLEN) and has reported a 12% increase in full-year profit.
Ginguro (TSXV:GEG) reported 0.5% copper from drilling at the El Alto iron oxide-copper-gold project.
Reuters Africa reported that copper dropped to $8,481 on speculation over China's consumer demand.
Estrella Gold Corporation (TSXV:EST) reported a 2,000m drilling program at the Pampa Poroma Iron-oxide copper gold project in southern Peru.
Copper One Inc. (TSXV:CUO) reported the assay results from its Fall 2011 drill program at wholly owned Lone Mountain Project, New Mexico, USA.
Bloomberg reported that copper dropped to $3.8645 as the International Monetary Fund announced that China's economic expansion will be severely affected if Eurozone’s debt crisis worsens.
Caribou King Resources (TSXV:CKR) signed an agreement with Alix Resources Corp. (TSXV:AIX) to buy additional 51% interest from Alix in the five Yukon properties.
Regal Resources Inc. (CNSX:RGR) has entered into an agreement with Minquest Inc. to acquire all claims regarding the Patagonia/Sunnyside project.
Reuters Africa reported that copper prices surged 1.3 percent as U.S. jobs data reinforced confidence.
Tuesday, February 7, 2012