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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

LUSAKA – Brazilian firm Vale plans to invest $400-million in Zambia’s Konkola North copper project, expected to start producing copper by 2013, executive director Eduardo Ledsham said on Thursday. Ledsham said while visiting Zambia, Africa’s largest copper producer, that the Konkola North project, Vale’s joint-venture project with African Rainbow Minerals was the first of other projects [...]

TORONTO, July 4 – Vale said on Sunday it reached a tentative contract agreement with workers at its Sudbury, Ontario, nickel and copper mining operation, signaling the end of a bitter, year-long strike. The Brazilian mining giant said it struck a deal with the United Steelworkers Local 6500 and 6200 representing production and maintenance employees [...]

Xstrata Ltd on Friday reinstated about A$600 million ($508 million) copper mining and exploration projects in Australia after the government watered down a proposed mining tax. Work would now start to extend the company’s Ernest Henry mine in Queensland state by at least 12 years to 2024, Xstrata said.

LUSAKA – Copper production in Zambia, Africa’s leading producer, rose 16% in the first five months of 2010, shored up by rising global metals prices, Bank of Zambia figures showed on Friday. Copper output at 321 132 t from January to May was higher than the 276 230 t the southern African country produced during [...]

THE high copper price and its subsequent positive effects on related industries have assisted some South African companies to emerge from hard times. Bell Equipment , which posted a net loss of R372m for the financial year to March , said the increase in the copper price, and the resultant surge in mining, meant a [...]

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 MCC president Shen Heting, but [...]

SINGAPORE, June 3 – Shanghai and London copper futures rose 1 percent on Thursday, buoyed by a sharp rally in U.S. equity markets and positive auto and pending homes sales data. Surprisingly strong U.S. housing data for April drove optimism about the economy, boosting stocks and driving up oil prices. The stock rally — a [...]

ANBERRA – Mining giant (XTA.LN) on Thursday said it will stop immediately development spending of A$568 million on its A$6 billion Wandoan thermal coal project and its A$600 millionErnest Henry underground copper project in Australia’s Queensland state. “The decisions represent the initial findings from Xstrata’s ongoing review of planned investment into its Australian operations and [...]

MANILA, Feb 24, 2010 Philex Mining Corp. (PX.PH), said Wednesday that it had shipped out a cargo of 4,998 metric tons of copper concentrates Tuesday, valued at PHP836 million. The shipment contained 9,022 ounces of gold, valued at PHP447 million, 2.7 million pounds of copper, estimated at PHP382 million and 9,610 ounces of silver, valued [...]

Mining group XSTRATA will spend more than 70 milion US dollars on the Frieda River gold and copper project in PNG this year, according to its partner, Highlands Gold Ltd or HGL. The Newspaper, the National, reports a statement released to the ASX, Australian Stock Exchange by HGL said the expenditure programme at Frieda included [...]

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