LONDON, Jun 30, 2010
African Copper PLC (ACU.LN), a copper deposits explorer focused on Botswana, said Wednesday that for the 15 months ended March 31, it made a pretax profit of GBP30.7 million on revenue of $7.4 million.
MAIN FACTS:
-Revenue $7.4 million (12 months ended Dec. 31, 2008: $n/a)
-Operating profit $34.4 million (2008: [...]

SAN FRANCISCO – Fluor Corp has won a $1,3-billion contract for work on a new copper mine in central Chile, adding to a growing backlog of mining projects for the largest publicly traded US engineering company.
Fluor said on Tuesday it would handle the engineering and construction on the new Caserones copper mine [...]

CHENGDU, China, June 30  – An Afghanistan copper mine joint venture between Metallurgical Corp of China (MCC) and Jiangxi Copper is expected to start production of copper concentrates in 2013, an MCC executive said on Wednesday.
This is two year’s later than the end-2011 startup date stated in September by [...]

LME 3month forwards CMP :
Copper 6521(+41)
Lead 1729 (+19)
Zinc 1775 (+15)
Nickel 19255 (+95)
Aluminum 1943(-7)

LME Inventory Update
Copper -850MT
Lead +400MT
Zinc +1400MT
Nickel -336MT
Aluminum -5475MT
Tin -195MT.

Copper rose for a third day in London after a U.S. report on personal spending signaled improved growth, boosting demand for industrial metals.
Consumer spending in the U.S. rose in May more than forecast, a sign households are gaining confidence in the recovery and the job market. Purchases rose 0.2 percent after little change the prior [...]

Tuesday, June 29, 2010

As the price of copper continues to rise, one company that is a frequent victim of theft of the metal has offered a $10,000 reward to stop the crime.
A spokesman at Duquesne Light Co. said many of its 211 electric power substations and 300 others in the region are [...]

SHANGHAI June 29 – Shanghai copper is expected
to open steady on Tuesday, as concerns over the pace and scale
of economic recovery weigh after mixed U.S. economic data were
released.
FUNDAMENTALS
* Three-month copper on the London Metal Exchange CMCU3
fell $59 to $6,810 by 0026 GMT on Tuesday, paring some gains in
the previous session.
* [...]

LME 3month forwards CMP :
Copper 6637(-33)
Lead 1786 (-14)
Zinc 1799 (-8)
Nickel 19920 (-5)
Aluminum 1981(-10)

LME Inventory Update
Copper -1225MT,
Lead +125MT,
Zinc -200MT,
Nickel -1146MT,
Aluminum -7075MT,
Tin -15MT.

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