African Copper Plc posted a first-half profit aided by a reversal of impairment and declared that it has restarted the operations at its mine in Botswana, and was confident about the future, sending its shares up as much as 21 percent in early trade. For full story, click here
KGHM met forecasts with a 2 percent rise in second-quarter profit, cementing hopes Europe’s second-biggest copper miner will surge guidance for 2009 and lifting its shares on Friday. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper held steady early Wednesday, in anticipation of the Fed’s statement, but following the announcement that the U.S. economy is “leveling out,” and the central banks as pledge to keep interest rates low for an “extended period” copper rose to a fresh 2009 high. Copper for [...]
Xinhua declared that Yunnan Copper Company Limited will privately place 300 million new shares to surge about CNY 6 billion. For full story, click here
Yunnan Copper Co. Ltd., China’s third leading copper producer, will privately place 300 million new shares to raise about 857.1 million U.S. dollars. For full story, click here
Nevada Copper (TSE:NCU) announced Friday that Zhongtiaoshan Non-ferrous Metals Group (ZTS) has agreed to a $2 million debenture subject to the approval of the Toronto Stock Exchange. ZTS is a Chinese state-owned enterprise that has mined, refined and processed copper since 1956. The debenture can be converted at $1.00 per share which is a 77% premium [...]
By Leia Michele Toovey- Exclusive to Copper Investing News A battery of economic data pulled copper in every direction this week; U.S. copper futures retreated from a near three week high Wednesday morning, as a mixed report from the housing sector boosted the greenback. Consumer confidence sent copper on a rally Tuesday, overshadowing the weak [...]
Santa Fe Metals Corp. has declared that it has completed the non-brokered private placement referred to in its April 22, 2009 news release. The offering was oversubscribed, from the originally declared 10 million shares to 10,470,000 shares at $0.05 per share for gross proceeds of $523,500. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Copper futures fell more than 2 per cent Monday on worries that demand from China, the world’s biggest copper consumer, may slow. Copper for July delivery lost 5.7 cents to close at $2.0885 a pound on the Comex division of the New York Mercantile Exchange. Last [...]
Shares in African Copper surged 68 percent after the exploration development company declared it has struck a deal to be bought up by rival group Zambian Copper Investments, which will provide ACU with a comprehensive financing package of around $22.5 million. For full story, click here
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