Copper – Forbes reported that some analysts are wondering why copper miner Freeport has moved into the energy space, with last week's acquisition of Plains Exploration & Production Co. and McMoRan Exploration, which sent stock tumbling.
Copper – North American Nickel Inc. (TSXV:NAN, OTCBB:WSCRF) is pleased to announce that is has discovered significant values for copper at its Maniitsoq project in Greenland
Copper – Mining Weekly reported that Kazakh miner ENRC has completed a review of spending plans, including a $4.4-billion five-year growth programme that encompasses five (three copper) projects in the DRC.
Copper – Mining Weekly reported that Uganda has invited bids to restart production at the Kilembe copper mines, which have been idle since the 1980's.
Copper – The Financial Post reported that Turquoise Hill Resources has received a power supply deal for its Oyu Tolgoi mine in the Gobi Desert, after months of negotiations.
Copper – Mineweb reported that BHP, contrary to earlier plans to restart the Pinto Valley Copper/Moly mine in Arizona, is considering selling the mine in an effort to streamline business operations.
Copper – Pershimco Resources Inc. (TSXV:PRO) announced drilling results from its Cerro Quema property on the La Pava and Quemita/Quema deposits.
Copper – Profit-taking is pushing down copper prices, which have gained amid stronger manufacturing data worldwide. Market focus is now on a possible merger between Glencore International and Xstrata.
Commodities are gaining ground as Italy and Greece exert political leadership to get their finances under control. But worries about risks remain.
Copper – The first shipment of copper concentrates from Copper Mountain Mining’s (TSX:CUM) mine has made it to the Onahama port in Japan, a key milestone, for the first new copper mine to open in the Province of British since 1998.
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