2011 has seen workers' strikes at mines operated by Freeport McMoRan, Xstrata, BHP Billiton, and Anglo American. However, despite resolution, if mining companies neglect political risk and labor relations, mining strikes are here to stay.
White Tiger Mining Corp. (TSXV:WTC) is a junior exploration company with two key properties located in Northern Ontario. The Marshall Lake property is a copper, silver, gold project, 30km West of Nakina, Ontario and the Norton Lake Property is a nickel, copper, cobalt, and platinum group elements deposit that is located about 50 km northeast of Fort Hope, Ontario, and about 400 km northeast of Thunder Bay, Ontario.
As news over impending fraud charges against leading commodities player Goldman Sachs hit the market last Friday, copper witnessed considerable downside. Risk averse investors jumped from their positions, sending copper plummeting to a three month low.
The Chilean earthquake boosted copper; as concerns over supply threats permeated the market. The 8.8 magnitude quake hit over the weekend, and when the markets opened Monday the red metal climbed the most in nearly a year.
On Tuesday, easing concerns over euro-zone debt spelled relief for copper, and the metal rallied for the second day in a row.
Copper futures retreated Tuesday, as concerns over Chinese growth and a rising greenback scared away risk adverse investors. Further exasperating the situation; the risk adverse investors appear to be flocking to the US dollar.
Copper futures lost their upward momentum on Tuesday, sending the red metal’s value down across the globe. The sudden stop of the metal’s recent ascent marked the close of copper's fastest rally on record.
Kingfisher Copper Prospect has announced a gravity survey and six anomalies have been defined. The project is located at Victor Project in northwest Queensland. The company holds a total of 15 exploration permits and applications and has an exploration program on these project areas in northwest Queensland. Previous work on the Kingfisher Copper Prospect reported [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices have enjoyed an 80 per cent rally this year- on the back of Chinese State Reserve Bureau (SRB) purchases. Now, signs are pointing to the finality of those purchases. Inventories monitored by the London Metal Exchange posted their first back-to-back weekly gains since February, [...]
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values. Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off. A rising greenback further cooled the copper [...]
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