KGHM to Make Decision on Ajax Copper Project
Mineweb reported that feasibility study results on the Ajax Copper Project mean KGHM (OTC Pink:KGHPF) must decide whether or not to go ahead with the project.
Mineweb reported that feasibility study results on the Ajax Copper Project mean KGHM (OTC Pink:KGHPF) must decide whether or not to go ahead with the project.
European copper producer KGHM announced on Tuesday its acquisition of Canadian copper miner Quadra FNX.
Copper dropped a two-week low Thursday, as the mounting debt crisis in Europe sparked fears of a potential default.
KGHM met forecasts with a 2 percent rise in second-quarter profit, cementing hopes Europe’s second-biggest copper miner will surge guidance for 2009 and lifting its shares on Friday. For full story, click here
Europe’s largest copper miner KGHM expects its 2009 net profit dip to 488 million zlotys ($134 million) from the expected 2.9 billion in 2008, as lower copper and rising costs bite. For more information, click here
KGHM KGHM.WA, Europe’s largest copper miner, will discuss exploring copper deposits in China with its partner China Minmetals Corporation, the country’s top metals trading firm, KGHM CEO was quoted as saying on Wednesday. For full story, click here
KGHM of Europe with its partner China Minmetals Corporation will discuss exploring copper deposits in China. Miroslaw Krutin, CEO of KGHM, said: We will visit China Minmetals Corporation in November to sign trading deals for another year, We will also discuss future cooperation, including the possibilities of exploring (copper) deposits. For full story, click here
KGHM of Europe plans to discuss exploring copper deposits in China with its partner China Minmetals Corporation, Miroslaw Krutin, CEO of KGHM, said: We will visit China Minmetals Corporation in November to sign trading deals for another year. We will also discuss future cooperation, including the possibilities of exploring (copper) deposits. For full story, click here
KGHM has invested in two projects for its copper mill. Europe’s largest copper miner KGHM KGHM.WA approved two investment projects in its copper mill and two gas fueled energy units worth a total of 2.3 billion zlotys ($917 million), the company said on Friday. The article can be found here.
By Leia Michele Toovey- Exclusive to Copper Investing News It has been a volatile week for copper prices. On Wednesday, copper tumbled to its lowest price since March 2006 over concern of a global recession. Three-month copper on the London Metal Exchange (LME) closed at US$5,240 per tonne. Later on Wednesday, the U.S. Federal Reserve, European [...]
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