Archive for the 'Copper' Category

RSM: More on the Potential for Large Copper Oxide Targets South of the Near Surface Gold Oxide Deposits on the Railroad Property, Elko County Nevada

Royal Standard Minerals Inc. announces additional results based upon interpretations of the recently completed ground magnetic survey in the Railroad district as presented in a press release dated January 16, 2007. The Company has continued to evaluate the magnetic data on the property spanning more than four square miles of coverage including the re-evaluation of […]

February 6th, 2007 - Posted in Copper, Mining News

Bolivian Ministry of Mines Confirms Nationalization Not a Consideration; Proposal to Raise Mining Taxes Meets Strong Opposition

Golden Eagle International, Inc. announced that it has begun a deep trenching program to prove continuity of the gold mineralization on the C Zone of its eastern Bolivian mining properties that both exploration and preliminary pilot operations have demonstrated. Contingent upon financing and final feasibility, trenching and processing gold-bearing material to a depth of […]

February 6th, 2007 - Posted in Copper, Mining News, Precious metal

Peru Copper announces highly favorable column leach results

Peru Copper Inc. is pleased to announce that it has received highly favorable results from its recent column leach testing at the Toromocho copper deposit.
The preliminary column leach test results detailed below suggest that the geology of the Toromocho orebody is particularly suited to an initial heap leach operation followed several years later by […]

February 6th, 2007 - Posted in Copper, Mining News

NEW DRILLING EXTENDS MINERALISATION AT MAUN COPPER PROJECT IN BOTSWANA

Discovery Metals Limited (ASX: DML, BSE: DML) today announced that new drilling results from its Maun Copper project in northwest Botswana have extended mineralisation at the P Grid Prospect and recorded grades of nearly 3% copper over significant widths at surface.
The results from a further five holes drilled at the P Grid Prospect, one of […]

February 6th, 2007 - Posted in Copper, Mining News, Press Release

LME copper higher on falling inventories

Copper traded higher on Tuesday as stocks in London Metal Exchange warehouses fell and analysts said prices might keep rising if this trend persisted.
“If that were to continue… more downs than ups in visible stocks, then there would be one or two shorts around that might give us a base in these markets as they […]

February 6th, 2007 - Posted in Copper, Mining News, Mining Stocks

Copper Little Changed in Shanghai After Falling to 10-Month Low

Copper futures in Shanghai were little changed as falling stockpiles helped the industrial metal to recover from an earlier drop to a 10-month low amid concern that losses at a metals-trading hedge fund could trigger more selling.
Global copper inventories monitored by exchanges in London, New York and Shanghai have fallen 1.3 percent to 269,385 metric […]

February 6th, 2007 - Posted in Copper, Mining News

China offers Zambia deal to grow copper industry

Chinese President Hu Jintao on Saturday offered copper-rich Zambia a multimillion dollar investment package aimed at boosting ties with a longtime African ally.
Facing mounting accusations of Chinese exploitation of African labor and resources — an issue during last year’s Zambian presidential elections — Hu stressed that Beijing was motivated by partnership rather than purely profit.
“China […]

February 4th, 2007 - Posted in Copper, Mining News

Copper Hits 10-Month Low on Technical Momentum; Gold, Silver Drop

Copper futures at the New York Mercantile Exchange sank rapidly to a more than 10-month low Friday.
The most active copper contract, for March delivery, settled down 10.75 cents at $2.4230 per pound. It reached the weakest level since late March at $2.3850.
Dan Vaught, a futures analyst at AG Edwards, said the market suffered amid follow-through […]

February 3rd, 2007 - Posted in Copper, Mining News, Mining Stocks

Freeport-McMoRan Copper & Gold and Phelps Dodge Set Special Meeting Date of March 14, 2007 for Shareholder Votes on Merger Agreement

Freeport-McMoRan Copper & Gold Inc. and Phelps Dodge Corp. announced each company will hold a special meeting of its stockholders on March 14, 2007, to vote on the proposed acquisition of Phelps Dodge by FCX. Stockholders who hold shares of FCX and Phelps Dodge common stock at the close of business on February 12, […]

February 2nd, 2007 - Posted in Copper, Mining News, Precious metal

Metorex to consolidate stake in Zambian copper mine

Rapidly growing South African mid-tier miner, Metorex Limited, has clinched a deal that would increase its stake in the Chibuluma South Mine Limited on the Zambian Copperbelt.
Metorex chief executive officer Charles Needham said in a brief emailed statement on Friday that the miner would acquire the Industrial Development Corporation (IDC)’s 35 per cent interest in […]

February 2nd, 2007 - Posted in Copper, Mining News