Copper Steadied at $7,816 a Metric Ton
Reuters reported that copper steadied at $7,816 a metric ton on reports of China's infrastructure growth plan.
Reuters reported that copper steadied at $7,816 a metric ton on reports of China's infrastructure growth plan.
Thanks to its profitable mining giants, Australia has been able to thwart much of the pain that has plagued other governments worldwide. Looking ahead, though, mining groups are increasingly wary of investing too much too fast in mega-projects, and a slowdown in developing major copper mines may be on the horizon.
Bellhaven Copper & Gold Inc. (TSXV:BHV) announced drill results from the La Mina Project in Colombia.
Reuters reported that Antofagasta's (LSE:ANTO) 2012 first-quarter copper production dropped 13 percent.
Reuters reported that copper dropped 0.9 percent on speculation over uncertainty about U.S. economic growth.
Fox Business reported that Southern Copper (NYSE:SCCO) has announced its 2012 production guidance of 640,000 tons of copper.
Reuters reported that First Quantum Minerals Ltd's (TSE:FM) quarterly profit dropped 42 percent due to declining copper prices and sales volumes.
Reuters reported that Grupo Mexico's (OTC Pink:GMBXF) 2012 quarter one profit surged 35%.
Papuan Precious Metals (TSXV:PAU) reported high-grade copper results from URD002 and URD003 drill holes at its Urua Creek prospect.
Reuters reported that Xstrata's (LSE:XTA) first quarter copper production dropped to 171,121 metric tonnes (188,629 tons).
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