Southern Copper has surged 2009 Output Target
The record Q2 copper production at the Ilo smelter in Peru encouraged the Phoenix-based Southern Copper to surge red metal production estimation for 2009. For full story, click here
Articles Tagged "Peru"
Southern Copper profit slipped 68% as prices plunged
Southern Copper, the largest copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. For full story, click here
Southern Copper profit slipped 68% as prices plunged
Southern Copper Corp, the leading copper producer in Peru and Mexico, posted a 68 percent dip in second-quarter profit on slumping metals prices. Rodrigo Suazo, a mining analyst at brokerage SAB Centura, stated: We expected a negative result with such a big drop in metals prices. For full story, click here
Copper Prices Plunge ahead of Independence Day
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 [...]
Southern Copper Corp. to expand Peru Mine after Metal Prices
Southern Copper Corp., Peru’s leading copper producer, will resume expanding its Toquepala mine in Peru after prices rebounded this year. For full story, click here
Panoro Minerals declared 1.6 bln pound Copper Inferred Resource Estimate
Panoro Minerals Ltd. declared the completion of the NI 43-101 compliant inferred mineral resource estimate for its Antilla Copper-Molybdenum project in southern Peru. For full story, click here
Southern Copper will expand Peru Mine after Metal Prices Rebound
Southern Copper will expand Peru’s leading copper producer, will resume expanding its Toquepala mine in Peru after prices rebounded this year. For full story, click here
Peru's president seeks copper cartel to stem price declines
Peru and Chile, two of the world’s top three copper producers, should work together to boost declining metal prices as the world economic crisis slashes demand for copper. For full story, click here
US Copper Slammed
The strong US dollar and demand concerns left copper dropping 6.3% to $2.52 a pound. Copper down in line with sharp losses on Wall Street, with the Dow Jones industrial average .DJI down 309.59 points, or 3.00 percent, at 10,015.79. The Standard & Poor’s 500 Index .SPX off 37.99 points, or 3.46 percent, at 1,061.24, [...]
US Copper Grinds Higher
Despite a strengthening US dollar positive expectations around the approval of the US bailout plan saw US copper futures rise. Copper’s early strength tied to gains on Wall Street, with the benchmark S&P 500 and Nasdaq temporarily adding more than 2 percent. Find the complete article here. Positive news for copper includes a new strike [...]
