Copper prices in New York rose in tandem with a rebound in global equity markets, easing concerns a selloff in metals will persist.
The price of copper had slumped 7 percent in the previous five sessions as a rout in stock markets erased $2.4 trillion in market value. The Morgan Stanley Capital International Asia- Pacific Index […]
TRAVERSE CITY - Kennecott Minerals Co. will have to obtain at least one federal permit before drilling a nickel and copper mine in Michigan’s Upper Peninsula, the U.S. Environmental Protection Agency says.
The company plans to install an underground infiltration system to dispose of treated wastewater, said Jo Lynn Traub, director of the water division in […]
Actelis Networks® Inc., the global leader in Carrier Ethernet over Copper(TM) access technology, announced the ML 640 which is the latest innovation in their Carrier Ethernet over Copper access portfolio. The ML 640 enables service providers to create an intelligent Ethernet access edge with sophisticated bandwidth control, traffic management and quality of services features.
Like all […]
Bronco Drilling Co. said Thursday that its fourth-quarter profit more than doubled on sharply higher revenue and an increase in the number of operating rigs available.
Quarterly net income surged to $16.4 million, or 66 cents per share, from $6.8 million, or 31 cents per share, in the prior-year period.
Excluding a one-time charge related to […]
Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union […]
China’s Chambishi copper smelter in Zambia has agreed to process 230,000 tonnes of copper concentrate per year from Lumwana Copper Mines under a new five-year deal, Lumwana’s owners said on Friday.
Equinox Minerals Ltd. , which owns the Lumwana copper mine in Zambia, said in a statement that the agreement was a ‘take and pay’ contract […]
According to the latest analysis by Numis Securities in London, Chinese import statistics indicate a strong pick up in Chinese copper imports implying that re-stocking is taking place following a year where the Chinese have been running down their inventories. January refined and alloy copper imports reached 147,650t up 70% year on year.
Numis Securities has […]
For the last six years copper and steel prices are acting as the leading economic indicators of the world. The recent slump in price from last years high is significant. It shows the world economies are in trouble.
It takes time for economies and stock markets on the ‘high’ to top out and start the bear […]
Western Copper (TSX: WRN) has received formal notification from the Yukon Environmental and Socioeconomic Assessment Board that its proposal for the Carmacks copper/gold project has been deemed adequate and that screening of the Proposal will commence pursuant to the Yukon Environmental and Socioeconomic Assessment Act (YESAA). Western also notes that the technical review of the […]
EnerTeck Corporation announced that its wholly owned subsidiary, EnerTeck Chemical Corp. (”ECC”) has commenced a performance demonstration of the Company’s principal product, EnerBurn® with a large six thousand (6,000) bus public transportation company in Mexico City, Mexico.
This follows the successful completion during 2006 of performance testing of EnerBurn® on a twenty-five (25) bus test fleet […]