World Markets
INDU 0.00 N/A
NASDAQ 2778.79 -34.90
S&P 500 1295.22 -9.64
^BSESN 16152.75 0.00
^NSEI 4891.45 +21.25
^HSI 18951.85 0.00
^N225 8611.31 0
^STI 2779.10 0.00
^FCHI 3008.00 -3.99
^GDAXI 6271.22 -37.74
^FTSE 5267.62 -70.76
USDINR=X 54.425 N/A
CLF10.NYM 0.00 N/A
HGZ09.CMX 0.00 N/A
1970-01-01 00:00 
Copper Spot News- Kazakhstan copper strike not the end of the matter
- ‘Copper pump’s’ potential benefit in cancer treatment
- Copper, lead recover on industrial demand, global cues
- Copper rebounds from four-month lows, Greek worries caps gains
- France: First priority is cutting debt, deficit
- LME’s plan to ditch sterling recognises need to adapt
- Bullion, base metals and energy outlook by SMC Global
- GEPL Capital`s view on bullions, base-metals, energy
- Mining group Anglo sees little respite for copper supply deficit
- BASE METALS: Copper Ends Near Flat On Mixed Economic Data
- Copper down 1.13% on weak global cues
- 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
Jun
30
Fluor wins $1,3bn Chile copper mine contract ..
June 30, 2010 | 1 Comment
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 for Minera Lumina Copper Chile, which is backed by Pan Pacific Copper Co Ltd and Mitsui & Co Ltd.
“South America, and Chile in particular, continues to be a robust market for our company in the mining sector,” Dwayne Wilson, Fluor’s group president for industrial business, said in a statement.
The $1,3-billion will be added to Fluor’s backlog for the second quarter, which it said last month could top $30-billion after falling to $25,7-billion at the end of the first quarter, as new awards could exceed its single-quarter record of $8,8-billion.
Fluor has said that the profitability of this bigger backlog would be relatively weaker because mining work tends to yield a lower margin than oil and gas projects.
Work on the Caserones projects will be done at 4 000 m above sea level, and the project has a marketable output of 3,6-million tons of fine copper and 87 kilotons of molybdenum, Fluor said.
When Minera Lumina signed off on the plans in February, with copper prices having more than doubled from a year before, the project was due to be completed by 2013, according to a statement on Mitsui’s website.
Pan Pacific is 66 percent owned by Nippon Mining & Metals, part of Nippon Mining Holdings Inc, while the remainder is held by Mitsui Mining and Smelting Co Ltd.
Shares of Irving, Texas-based Fluor were down 3% on Tuesday, in line with the sector as crude oil prices tumbled.