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• Copper Spot News

  • Check out best bets for crude, gold, copper
  • The doctor’s diagnosis on the great world economy
  • Persistent selling mars indices
  • World stocks, euro off lows on ECB easing hopes
  • US market exceedingly weak, buy gold on dips: Fat Prophets
  • Sterlite: Weak outlook priced in
  • Sterlite Industries, Hindalco hit 52-week low on falling copper prices
  • Copper to remain uninspiring, range-bound in short term
  • Hindustan Copper sees prices staying high
  • Some workers return to Freeport Indonesia copper mine
  • Commodities Fall, Copper Drops to 9-Month Low on Europe Concerns
  • Copper Sinks to 9-Month Low as Euro Worries Mount
  • Copper hovers around its year-low
  • Angel Broking`s view on Crude Oil, Copper, Silver
  • ‘Scrap iron industry stunted by Govt’
  • Orlando-area metal thieves target power poles, street signs, AC units
  • Lawmakers dueling over proposed Alaska gold mine
  • China Aug commodity imports shows economy resilient
  • BHP Billiton’s Coal Miners Resume Strikes After Talks Fail
  • First Quantum lines up USD 1 billion in financing

Feb. 26 — Posco, Asia’s most profitable steelmaker, will “aggressively” pursue investments in mines as the costs of iron ore and coal escalate with the economic recovery. “The company will pursue investments in overseas mines more aggressively to secure raw materials,” Chief Executive Officer Chung Joon Yang said at a shareholder meeting in Seoul. Posco [...]

MONTREAL, Feb. 26 /CNW Telbec/ – Anvil Mining Limited (TSX, ASX: AVM), (“Anvil” or the “Company”) today announced that it has reached agreement with Mawson West Limited (“Mawson West”) on the terms and conditions for the sale of the Company’s 90% interest in Anvil Mining Congo SARL (“AMC”). AMC is the holder of the Dikulushi [...]

TORONTO, Feb. 25 Overview (all in U.S. dollars): – Fourth-quarter 2009 net income was $26 million or $0.19 per basic and $0.18 per diluted share, including a non-cash gain of $5.6 million related to the previously announced reclassification (required under US GAAP) of the Company’s outstanding common share purchase warrants as a derivative liability. – [...]

Copper prices rose more than 2 percent on Friday as a weaker US dollar made metals cheaper for non-US investors and encouraged funds to buy.The euro rose against the yen on short-covering in the wake of its slide to a one-year low against the Japanese currency on Thursday, while the dollar was supported against the [...]

* Norilsk is capable of making the payment -analysts * Dividend yield of 3 pct does not look impressive MOSCOW, Feb 26  - Top shareholders of Russian metals giant Norilsk Nickel (GMKN.MM) are discussing a $1 billion 2009 dividend, a newspaper reported, and analysts said that is easily within the now-profitable miner’s means. Russia’s Vedomosti [...]

Allan Seccombe – KUMBA Iron Ore’s subsidiary Sishen Iron Ore Company (SIOC), told the country’s largest steel producer ArcelorMittal SA it will no longer supply iron ore at an extremely beneficial price. ArcelorMittal SA has requested its own shares be suspended from trade on the JSE. The agreement to sell 6.25 million tonnes of iron [...]

Feb. 26 — Korea Zinc Co., the world’s second- largest smelter, and Mitsui Mining & Smelting Co., may win higher processing fees on increased mine supply, said analysts Atsushi Yamaguchi and Kim Gyung Jung. “We expect a small increase of 2.5 percent this year as mine supply is now enough,” said Yamaguchi, a Tokyo-based analyst [...]

TORONTO, ONTARIO– – Lundin Mining Corporation (“Lundin” or the “Company”) (TSX:LUN)(OMX:LUMI) today reported net income, before discontinued operations and impairment charges, of $105.2 million ($0.19 per share) for the year and $72.2 million ($0.12 per share) in the fourth quarter of 2009, up from a loss of $131.9 million (loss of $0.32 per share) in [...]

SANTIAGO, Feb 25 – Chile’s Codelco, the world’s top copper producer, increased copper output 16 percent to 1.7 million tonnes in 2009 as it forged ahead with heavy investments during the global slump. That marked the end to four consecutive years of dwindling output as lower grades at aging mines and labor strikes hit output [...]

US Nickel (ASX: USN), formerly Lumacom Ltd (ASX: LUM) has today inked a Letter of Intent with a Minerals and Metals Group US entity on the Mid-Continent Project located in Minnesota, USA. The Mid-Continent Project is located in southwestern Minnesota and consists of two target areas, Cottonwood and Renville West, totalling 17.8 square kilometres. The [...]

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  • Check out best bets for crude, gold, copper
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  • US market exceedingly weak, buy gold on dips: Fat Prophets

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