BHP, Minmetals Boost Zambia Copper Exploration on Rising Prices
Bloomberg reports that BHP Billiton Ltd. (NYSE:BHP), Minmetals Resources Ltd. (HKG:1208) and First Quantum Minerals Ltd. (TSE:FM) are increasing copper exploration in Zambia.
Bloomberg reports that BHP Billiton Ltd. (NYSE:BHP), Minmetals Resources Ltd. (HKG:1208) and First Quantum Minerals Ltd. (TSE:FM) are increasing copper exploration in Zambia.
Copper futures declined Tuesday morning, back-tracking from Monday’s gains as traders were skeptical over the state of the economic recovery. On the COMEX, March copper tumbled 2.3 percent, to $4.25 a pound. Copper ended up for a second consecutive day on Monday, as market sentiment focused on dwindling copper stockpiles.
First Quantum Minerals Ltd. (TSX:FM)(LSE:FQM) today reported that the company has restarted the Bwana Mkubwa copper SX/EW plant in Zambia.
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