Copper Investing News» Udokan

Russian Tech Eyeing $3 bln Investment in Udokan Copper

Reporter — Thu, 06 Aug 2009 15:57:15 +0000

State-owned conglomerate Russian Technologies and its partners in the Udokan copper project plan to invest $3 billion in the next two to three years and are in talks with banks on funding, the firm’s head declared on Thursday. For full story, click here

Supply threats lend support to copper

Reporter — Fri, 12 Sep 2008 06:39:54 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News Wednesday was the first day in five sessions that U.S. copper futures ended up. The change in trend comes after a reduced production outlook from a top producer and an earthquake in northern Chile re-ignited some fears of a shortfall in supply. The price of copper [...]

Deripaska Withdraws Udokan Copper Bid

Reporter — Tue, 09 Sep 2008 15:07:16 +0000

Russian billionaire, Oleg Deripaska’s, mining unit Basic Element rescinded their bid from an auction for the Siberian located copper deposit Udokan. Strikeforce Mining and Resources Ltd. (SMR) did not see the economic sense of bidding independently. Russia’s Natural Resources Ministry is scheduled to award the Udokan field, which contains over 13 million tonnes of copper, in [...]