Nevada Copper (TSE:NCU) reported today that the resource estimate for their deposit in western Nevada has jumped again. The new resource estimate includes 9.3 billion pounds copper, 1.45 million ounces gold and almost 55 million ounces of silver. These amounts are in the measured, indicated and inferred resource categories. This is the second major update [...]
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
By Leia Michele Toovey- Exclusive to Copper Investing News This week, a slew of bad news zapped copper’s recent rally. Copper fell in London on concerns about demand for the industrial metal after the International Monetary Fund said the global economy will shrink this year. Copper for delivery in three months lost $36.25, or 0.8 [...]
Copper output at world No.1 producer Chile in February tumbled 9.8 percent year-on-year to 383,057 tonnes, an eighth successive monthly drop, as output dip at the country’s biggest mines. For full story, click here
Africa’s biggest copper producer, Zambia announced that it is prepared to take over two mines operated by Glencore International AG if the company halts output at the sites next month. Mines Minister, Maxwell Mwale, said: If they want to place the mines on care and maintenance they should surrender the assets to the government. For [...]
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