Time May Be Ripe for Copper M&A to Flourish
M&A activity was strong during the first quarter of 2012 and may be set to increase further in the near future.
M&A activity was strong during the first quarter of 2012 and may be set to increase further in the near future.
Thanks to its profitable mining giants, Australia has been able to thwart much of the pain that has plagued other governments worldwide. Looking ahead, though, mining groups are increasingly wary of investing too much too fast in mega-projects, and a slowdown in developing major copper mines may be on the horizon.
The latest production results from the world’s top copper producers may have been far from stellar, but expectations of solid demand from China and a steady global economic recovery are pushing miners to continue investing in projects.
Copper is a major source of revenue for Arizona, and a step forward in land rights legislation should further the state’s dominance in the red metal market.
Peregrine Metals Ltd. (TSX:PGM) files the Technical Report- Altar Project, San Juan Province, Argentina dated October 4, 2010.
Copper prices started Tuesday’s session flat- after a welcome rally on Monday. Monday marked the sixth straight day that the red metal rallied; the longest ascent the metal has experienced in more than five months.
By Leia Michele Toovey- Exclusive to Copper Investing News Volatile copper prices fell more than 2 per cent before turning positive on Thursday. The U.S. dollar retreated to its lowest point relative the euro in six weeks, making the metal less expensive for international holders. U.S. copper futures turned positive, copper for March delivery HGH9 [...]
London copper lost its 1.75 percent gain after the US Senate approved the $700 billion financial plan. Copper fell $12 to $6,148 a tonne. Copper is up from its Wednesday low of $6,120, the lowest since March 2007. In base metals the market is looking very heavy … and there is a growing chance that [...]
RIo Tinto and CODELCO‘s fully owned subsidiary, CCM Los Andes, have entered into two joint venture agreements so as to search for copper in Chile. Based on their stand alone investments of US$20 million per project Rio Tinto has 55 percent interest in each of the ventures with an option to increase to 60 percent. [...]
Rio Tinto produced record results in their underlying earnings, net earnings, cash flow from operations, and capital expenditure in value added projects for growth. Using cutting edge technical solutions and reducing overhead costs Rio Tinto continues to address the rising costs in the industry. “In copper, we have announced additional resources of 628 million tonnes [...]
Get our independent commentary on copper trends and companies delivered to your inbox.