Oman's rich mining wealth just waiting to be tapped
Oman’s mining history dates back to pre-Islamic days when copper was mined and sent all over the world. For full story, click here
Articles Tagged "mine"
Zambia plans to raise stake in copper mining companies
Zambia declared its plans to raise its stake in all foreign-owned copper mines to 25 percent from 15 percent to have a bigger say in their running and prevent mine closures. For full story, click here
Is copper poised to take gold’s throne?
By Leia Michele Toovey- Exclusive to Copper Investing News As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer [...]
Poor GDP numbers put a dent in copper’s rally
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]
Copper reflects economic sentiment
By Leia Michele Toovey- Exclusive to Copper Investing News Copper is often looked to as a barometer of economic health due to its copious use in building and construction. When an economy is growing, copper use rises exponentially. In the early 2000′s rapid economic growth paved the way for an explosion in demand for the [...]
Rio and BHP battle over world’s biggest copper mine
Rio Tinto, the embattled FTSE 100 mining giant, rebuffed a “low ball” offer from rival BHP Billiton for its stake in the world’s biggest copper mine last month. For full story, click here
BHP closing mines and cutting jobs
BHP, which last week booked a $386 million charge for its failed takeover bid for Rio, has joined Xstrata Plc and Rio in closing mines and cutting jobs as the global recession cuts demand. For full story, click here
Poor economic data stifles copper’s gains
By Leia Michele Toovey- Exclusive to Copper Investing News Data released Thursday showing a further deterioration in the manufacturing sector snapped copper’s positive trend. Copper for March delivery shed 3.10 cents to close at $1.50 a lb on the New York Mercantile Exchange’s COMEX division. COMEX copper had gained nearly 7 per cent during the [...]
Work on Tolgoi copper mine in Mongolia has been cut
Development work on the giant Oyu Tolgoi copper mine in Mongolia has been cut to essential tasks. For full story, click here
Vale to close Ontario mine
Vale says to close indefinitely Copper Cliff South mine in Ontario. For full story, click here
