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Copper Mine Price Down But a Long Way From Out
While tumbling copper prices have caused some of the world’s largest producers to retrench, startup copper mining projects such as the Rosemont mine southeast of Tucson are moving ahead with optimism.
“We are proceeding forward with no change in our development plans,” said Gil Clausen, president and CEO of Augusta Resource Corp., which is developing the [...]
Copper, Nickel Extend Declines on Lower World Demand for Metals
Copper fell to a three-year low and nickel dropped to the lowest since 2003 on speculation that a global economic slump will curb demand for metals from investors who had helped send commodities to a record in July.
Copper fell below $4,000 a metric ton in London for the first time since October 2005, and the [...]
Mining Equipment Provider, Caterpilar Profit Falls As Economy Slows
Construction and mining equipment maker Caterpillar Inc said its quarterly earnings fell 6.4 percent as weakness in the United States spread into Europe and Asia and offset continued growth in emerging markets.
But the company, which has seen its shares fall more than 50 percent over the past six months, expressed optimism on Tuesday that the [...]
Mining Companies Expand Exploration and Problems
o tarnish the already notorious Chinese mining industry frequented with disastrous accidents, Bloomberg Markets further highlights the problem of child labour involving Chinese-based companies in South Africa in their recent special report (for the complete article, click here). Whilst mining companies are pouring in a huge sum of investment which gives them the permit to [...]
Chirano Mines Buys Stake in Mineral Deposits
Red Back Mining Incorporated, operating in Ghana as Chirano Mining Company has purchased a strategic investment worth US$27.5 million representing 13% of the issued capital of Mineral Deposits Limited (MDL).
With this investment, Red Back now owns 62 million shares in MDL which is mining company operating in Senegal.
According to a statement signed and released on [...]
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China Mining Investor Welcome To Zambia Mining Exploration and Industry Sector
Zambian opposition leader Michael Sata said on Monday he would welcome Chinese investors in the country’s mining industry if he was elected president, in an apparent policy shift designed to reassure foreign investors.
Patriotic Front leader Sata, who is contesting the November presidential election after the death of Zambian President Levy Mwanawasa last month, said he [...]
China Expand Firm to Further Mining Exploration and Industry
China will expand cooperation with Tajikistan in such fields as mining and agriculture in a bid to further bilateral ties, visiting Chinese President Hu Jintao said here Wednesday .
Sino-Tajik economic and trade cooperation is progressing in an all-round way and relevant government institutions on both sides have played important roles in directing such work, said [...]
New Mine Exploration, Ivanhoe Mines Copper and Gold Mine Project Negotiations Will Resume in Mongolia
Despite the turmoil of the June 29th national election in Mongolia which resulted in five deaths and hundreds of injuries, Ivanhoe Mines said Thursday it believes the negotiation of the Oyu Tolgoi Investment Agreement will resume after a new cabinet is appointed and the first session of Parliament begins.
Meanwhile, Ivanhoe reported a net income of [...]
