Jul
20
Boliden misses Q2 forecast on higher costs, shares off……
July 20, 2010 | 1 Comment
STOCKHOLM, July 19 – Miner and smelter Boliden (BOL.ST: Quote) narrowly missed second-quarter operating profit forecasts on Monday, hit by higher costs and sending its shares down more than 4 percent. The Swedish firm, mainly focused on copper and zinc, said the expansion of its Aitik mine had helped boost copper production by more than [...]
Jul
5
Copper Gains for Second Day in London on Speculation Drop Was Exaggerated..
July 5, 2010 | Leave a Comment
Copper rose for a second day in London on speculation that last week’s drop was exaggerated at a time when inventories of metal are at a seven-month low, indicating steady demand. Stockpiles tracked by the London Metal Exchange fell for a 12th day today and have slid for 33 of the past 34 sessions. Bookings [...]
Jul
5
Zambia Jan to May copper output up 16%..
July 5, 2010 | 1 Comment
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 [...]
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 [...]
Jun
29
Copper prices make electric substations prime targets.
June 29, 2010 | 1 Comment
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 vulnerable [...]
Jun
18
SHANGHAI June 18 – Shanghai copper fell in early trade on Friday, after London copper prices touched a one-week low in the previous session, as sentiment soured after disappointing U.S. data. FUNDAMENTALS * Three-month copper on the London Metal Exchange CMCU3 rose $4 to $6,450 by 0132 GMT on Friday, hovering above a one-week low [...]
Jun
10
OZ Minerals can cash in on falling copper prices..
June 10, 2010 | Leave a Comment
Jun 10, 2010 OZ Minerals has a $A1bn acquisitions war chest, and it will target copper projects of between 50,000 and 150,000 tonnes per annum. CEO Terry Burgess says the uncertainty created by the proposed tax on mining profits will make it more difficult for the group to expand its Prominent Hill Mine in South [...]
Jun
10
Copper gains on euro, China demand prospects..
June 10, 2010 | 1 Comment
LONDON – Copper rose to its highest in nearly a week on Thursday supported by a stronger euro and expectations Chinese demand would forge on despite mixed imports data from the world’s top base metals consumer. China’s copper imports at around 397 000 tons were slightly below forecasts, but analysts had expected a drop from [...]
Jun
8
June 7 — The copper concentrate market will have a shortfall for three years after miners delayed projects because of lower prices, said Javier Targhetta,Freeport-McMoRan Copper & Gold Inc’s senior vice president of marketing and sales. The deficit will be between 500,000 metric tons and 1 million tons this year, Targhetta said in an interview [...]
Mar
25
Copper prices were steady today as investors weighed signs of economic recovery against a stronger dollar worries over debt problems in the euro zone. “The Eurozone is a problem, it might have economic repercussions but for the moment there are still signs of recovery,” said BaseMetals.com analyst William Adams. Investors were waiting for an EU [...]