mineral exploration project – commodity prices – mining stock- trade and market

Cliffs Natural Resources Exploration recently purchased more than 2.4 million common shares of Riverside Resources Inc. — a Vancouver-based mineral exploration company — for $1.45 million.

Cliffs Natural Resources Exploration recently purchased more than 2.4 million common shares of Riverside Resources Inc. — a Vancouver-based mineral exploration company — for $1.45 million.

In June Cliffs and Riverside signed an agreement to explore and acquire iron oxide-copper-gold projects in Mexico.

“This investment by Cliffs into Riverside solidifies the partnership between...

Unions in the company’s Spence copper mine in Chile went on strike. Strike action by the miners because they reject the offer given wage. Strike action by miners impact on the reduction in copper production mining company BHP Billiton.

Zambia’s copper production for the eight months to August 2009 rose 18 percent to 456,004 tonnes compared with the same period in 2008 due to ramp up in output by producers, the central bank said on Tuesday.

The Bank of Zambia (BoZ) said in a fortnightly report copper exports were recorded at 433,666 tonnes from January to August 2009 compared with 361,550 in the same period last year.

The global economic crisis has made improving the mining sector in Congo region is slow, even some mining companies to stop the exploration activities. The increase in metal prices pushed mining companies to reactivate exploration and production activities of mining. The government hopes Congo copper and cobalt sector can increase production. Recovery of copper and cobalt production...

The El Morro copper-gold project is located 4,000 metres above sea level in the district of Alto delCarmen, in the Atacama region of north-central Chile. Xstrata Copper acquired El Morro project in August 2006 as part of the Xstrata Group’s acquisition of Canadian miner Falconbridge.

Mongolia signed a long-awaited deal with Rio Tinto and Canada’s Ivanhoe Mines on Tuesday to develop a $4 billion gold and copper mine after a heated national debate over how to exploit the country’s mineral wealth.

Chile’s second biggest mining association, Sonami, expects the average price of copper to rise by up to 19 percent next year, which might encourage the continuation of more copper projects in the South American nation, its president told Reuters on Monday.

The average copper price may rise to $2.50 per lb in 2010 from an average of $2.10 to $2.30 this year, Sonami’s Alfredo Ovalle said in an interview at a forum in Santiago.