Jul
14
Metal Manufacturers Turn To Scrap For Savings
July 14, 2011 | Leave a Comment
–Strong demand lifts scrap metal prices faster than prices of “virgin” or new metal –Price gap between Comex copper and high-grade scrap copper shrank to 31 cents a pound from 49 cents a pound at the start of 2011 –Asian demand strains U.S. scrap supply By Tatyana Shumsky and Matt Day Of DOW JONES NEWSWIRES [...]
Jul
14
Commodity Boom Turns Bust for Stillwater Holders on Copper Deal: Real M&A
July 14, 2011 | Leave a Comment
Stillwater Mining Co. (SWC) is so sure commodities will keep surging that it’s willing to spend more than the Montana palladium producer itself is worth to buy and develop copper and gold projects in Argentina. Stillwater, which offered to buy Peregrine Metals Ltd. (PGM) for $487 million in cash and stock this week, projects it [...]
Jul
14
Indian copper futures up on global cues
July 14, 2011 | Leave a Comment
ET reported that Indian copper prices rose by INR 1.25 to INR 434.25 per kilogram in futures trade as speculators enlarged their positions on the back of a firming global trend. Trading sentiment turned better after demand for copper in China, the world’s biggest user, rose by 8% this year, depleting global supplies and boosting [...]
Jul
14
Southern Hemisphere announces option of new prospective copper project
July 14, 2011 | Leave a Comment
Southern Hemisphere Mining Limited announced that it has signed an option agreement to purchase a highly prospective copper exploration project in northern Chile. The new project, Llahuin comprises a group of Mining Licences located near the city of Ilapel, 250 kilometers north of Santiago. The Llahuin Project comprises two elements: the Amapola Group of Exploitation [...]
Jul
14
Tintina Resources discover new copper from the upper copper zone at Strawberry East
July 14, 2011 | Leave a Comment
Tintina Resources Inc announced that it has received additional assay results for a further four drill holes from this year’s program on its Sheep Creek Copper, Cobalt and Silver property located in Central Montana of USA. Upper Copper Zone at Strawberry East: 1. Drill hole SC11-049 intersected 7.19 meters grading 2.22% copper, 0.08% cobalt and [...]
Jul
14
Sandstorm Metals and Energy acquires copper stream and launches CAD 25 million equity financing
July 14, 2011 | Leave a Comment
Sandstorm Metals & Energy Limited announced that it has entered into purchase agreements to acquire copper and natural gas at development assets located in Canada and the United States of America. These acquisitions further establish Sandstorm Metals & Energy as the world’s first diversified commodity streaming company. Sandstorm Metals & Energy has: 1. Entered into [...]
Jul
14
METALS-LME copper nudges up on weak dollar
July 14, 2011 | Leave a Comment
SHANGHAI, July 15 (Reuters) – London copper edged up on Friday, as the dollar weakened after Standard and Poor’s warned there was a one-in-two chance it could cut the U.S. credit rating if no deal was reached on raising the government’s debt ceiling. FUNDAMENTALS * Three-month copper on the London Metal Exchange edged up 0.2 [...]
Jul
14
Buy copper on dips and stock up on gold, say experts
July 14, 2011 | Leave a Comment
Yesterday’s trade saw gold futures shoot up while copper trade range-bound. Here is what experts have to say about the two commodities: Copper Suresh Nair of Admisi Commodities expects copper prices on the LME to test USD 10,000 plus. In the domestic market, he recommends buying on dips in the MCX August copper in the [...]
Jul
13
METALS-LME copper steady, weak dollar supports
July 13, 2011 | Leave a Comment
SHANGHAI, July 14 (Reuters) – London copper steadied on Thursday, supported by a retreating dollar and the possibility of more Federal Reserve stimulus, but Moody’s warning on U.S. credit rating checked gains. Three-month copper on the London Metal Exchange edged up 0.3 percent to $9,675 a tonne by 0334 GMT after ending almost flat previously. [...]
Jul
13
Donner Metals Ltd.: Sandstorm Provides US$25 Million Senior Financing
July 13, 2011 | Leave a Comment
VANCOUVER, BRITISH COLUMBIA, Jul 13, 2011 (MARKETWIRE via COMTEX) — Mr. David Patterson, Chairman of Donner Metals Ltd. (tsx venture:DON)(frankfurt:D4M), reports that the Company has entered into a Metal Purchase Agreement with Sandstorm Metals & Energy Ltd. CA:SND -11.86% (“Sandstorm,”). Under the terms of the Metal Purchase Agreement, Donner will receive an upfront purchase deposit [...]