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Market Wire (Free subscription) | yesterday
FT. LAUDERDALE, FL (MARKET WIRE) TRI-STAR HOLDINGS, INC. (PINKSHEETS: TSHL), a publicly traded company currently on the Over the Counter, announced that in addition to its executed letter of commitment to acquire the Blue Jay #12 copper claim in the Limhi Mountains of Idaho, the company has negotiated terms to acquire the nearby Blue Jay #13 and #14 claims. The company is negotiating further arrangements...
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Market Wire (Free subscription) | yesterday
CELEBRATION, FL (MARKET WIRE) U.S. Precious Metals, Inc. (OTCBB: USPR) ("USPR") CEO and Chairman of the Board M. Jack Kugler released assay data for selected intervals in drill holes 8 and 9 today. Drill hole number 8 intersected 20 feet of 0.206 opt gold, 0.88 opt silver and 1.06% copper. Drill hole number 9 intersected 18 feet of 0.146 opt gold, 1.46 opt silver and 1.19% copper. The additional drill...
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Zambian Chronicle (Free subscription) | yesterday
Choose Your Language Of Preference Below French Version German Version Russian Version Spanish Version Portuguese Version Chinese Version Arabic Version LUSAKA (Reuters) - Australia’s Equinox Minerals Ltd. said on Friday it had signed a $80 million loan facility with Standard Chartered Bank Plc and Standard Bank to complete its Lumwana copper mine in Zambia. The new loan facility is [...]
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Geostrategy (Free subscription) | 9 hours ago
TORONTO-listed Nevsun's Bisha copper, gold and zinc mine now under construction in Eritrea and scheduled to start production in 2010 is going to break new ground in terms of private-public partnerships. This is because of the innovative agreement between Nevsun and the Eritrean National Mining Corporation (Enamco) over the funding of Bisha, which will be the first mine to be developed in the country....
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Geostrategy (Free subscription) | 9 hours ago
By: Reuters , Published: 26 Sep 08 Sino Hydro of China will spend $400-million to expand the Kariba North Bank power station, part of Zambia's broader expansions to meet rising demand from the country's vast copper and cobalt mines. Under the deal, 85 percent of the money will be provided by Exim Bank of China, the state-owned Times of Zambia quoted Commerce and Trade Minister Felix Mutati as saying....
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Japan Times (Free subscription) | yesterday
Mitsui Mining & Smelting Co., co-owner of Japan's biggest copper smelter, forecast a second year of profit declines on falling metal prices and higher energy costs. Net income will probably fall 36 percent to ¥5 billion for the 12 months ending next March 31, from ¥7.8 billion a year earlier, the Tokyo-based company said Monday. Mitsui Mining on April 28 expected to report a profit gain of ¥12 billion....
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Scrap Metal Prices and Auctions (Free subscription) | yesterday
Current scrap prices in China based on spot market prices. Prices are in USD per ton. Motor copper $6,229 #1 Bare Bright $6,943 Shred Taint $1,757 Shred Tense $1,800 #1 Nickel $18,714 Shred Zinc $1,500 304 SS Sabot (18-8) $2,086 Lead $2,029 HMS $454 AOO Al Ingot $2,129 Shred SS (Ni = 7.8~8.0%) $2,014 Steel-making Pig Iron $543 Casting Pig Iron $686 Source www.worldscrap.com
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BoomtownUSA by Jack Schultz (Free subscription) | yesterday
One of the more fascinating parts of my tour of the Lost Rivers Valley was going up the mountain, just outside of Mackay, climbing several thousand feet above the valley floor. The mountain was once the largest copper mountain in the USA and operated from 1879 until the mid 1980s. A whole city, since abandoned, existed on the side of the mountain, with the buildings held onto the mountainside with...
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Seeking Alpha (Free subscription) | 05/10/2008
FP Trading Desk submits: Blackmont Capital has reduced its copper forecast, sending price targets lower on Canada's gold giants. Precious minerals analyst Richard Gray told clients in a note that Blackmont has lowered its copper price forecast to $3 per pound for the fourth quarter of 2008 from $3.65. The research firm also now expects $3 copper until 2012. Blackmont's previous estimates were for...
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Seeking Alpha (Free subscription) | 05/10/2008
FP Trading Desk submits: Shares of Equinox Minerals Ltd. (EQMIF.PK) got a boost on Friday after the company announced that it signed a new loan facility for $80-million. It will allow the company to meet the additional capital requirements related to an electrical fire at its Lumwana copper mine in Zambia. Dundee Securities analyst Mike Collison said in a note: Complete Story »
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inca kola news (Free subscription) | 04/10/2008
On this link right here , President and CEO of Southern Copper (PCU), Oscar Gonzalez Rocha, talks about the state of play in the company and the copper sector. I haven't seen the interview in English (yet), but here are the Gonzalez direct quotes from the interview as translated by me: (On the $5.1Bn investment and expansion program at PCU for the next five years): "We think that due to the crisis...
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oil and energy news (Free subscription) | 04/10/2008
CNN-IBN New Delhi: The price of crude oil has risen for the third consecutive day on Friday recouping earlier losses. Crude oil for November delivery was up 60 cents, or 0.6 per cent at $94.57 a barrel on the New York Mercantile Exchange. It earlier fell by $1and 16 cents or 1.2 per cent to $92 and [...]
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People Daily (Free subscription) | 04/10/2008
Copper-gold producer Philex Mining Corp., the largest mining company of the Philippines, on Friday said it has agreed to sell 20.16 percent of its stake to the Hong Kong conglomerate First Pacific Co. Ltd.. First Pacific will buy 778.44 million shares of Philex Mining Corp. for 6.2 billion pesos (131.9 million U.S. dollars) in total, according to a disclosure of Philex to the Manila stock exchange....
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Globe and Mail (Free subscription) | 04/10/2008
Short sellers closing out position, trader says
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Financial Time (Free subscription) | 03/10/2008
Talk of a supply surplus has led to copper being cut from long positions, writes Chris Flood
