By Leia Michele Toovey- Exclusive to Copper Investing News Optimism surrounding an economic recovery drove copper to a ten month high on Wednesday, as investors flooded the market with money, betting on stronger demand. Three-month copper on the London Metal Exchange hit $6,149 a tonne, the highest since last October, up slightly from Tuesday’s high [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Tuesday, after touching nine month highs earlier in the session, as copper climbed for a third day on speculation that the global economy is well on its way to a recovery. The index of leading indicators in the U.S., the [...]
Thundermin Resources Inc. and 50% joint venture partner Cornerstone Resources Inc. declared that they have extended the option with Weyburn Investments Limited to earn a 100% interest in the Little Deer Copper Deposit which is located approximately 10 km north of Springdale in north-central Newfoundland. For full story, click here
Representatives of Ivanhoe Mines Ltd.’s $3 billion Oyu Tolgoi project in Mongolia declared that it has held talks with the government there for the past two weeks to forge an investment agreement, but there is no clear timetable for progress. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures rose Friday after government data showed the U.S. lost much fewer jobs last month than expected, fueling hopes for an economic recovery. Copper steadied on Thursday, gaining support from rising equities and a weaker dollar, after the metal plunged just before close on Wednesday. [...]
By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
African Copper Plc, the company that closed a mine in January after running out of cash, surged the most in a week in London trading after Zambia Copper Investments Ltd. agreed to lend it an additional $25.4 million. For full story, click here
Shares in African Copper surged 68 percent after the exploration development company declared that it has struck a deal to be bought up by rival group Zambian Copper Investments, which will provide ACU with a comprehensive financing package of around $22.5 million. For full story, click here
Swiss investment bank UBS AG declared that it has raised its stake in China’s Jiangxi Copper Co Ltd. to 5.22% from the previous 4.59%. For full story, click here
The Securities and Exchange Board of India declared that it has settled the share manipulation case against the promoters of Nissan Copper Ltd. on consent terms, with the promoters belonging to the Mardia family and group company Danial Investment Pvt Ltd agreeing to pay Rs 22 lakh to settle the case. For full story, click [...]
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