Mining Companies Exploration and Investment News

Shares of gold and copper exploration companies are the most likely to shine in the Canadian junior mining sector this year, as large miners raise their exploration budgets and scout for promising projects.

Small-cap stocks on the TSX Venture exchange enjoyed a strong run last year with the S&P/TSX Venture Composite Index gaining more than 90 percent through the course of the year.
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Asian stocks climbed for a second day as JPMorgan Chase & Co. boosted ratings on Japan’s largest banks and as mining companies climbed on higher metal prices.

Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. advanced more than 1.5 percent in Tokyo. Jiangxi Copper Co. surged 5.8 percent in Hong Kong as copper prices jumped after an earthquake in Chile cut supplies from the world’s top producer of the metal. (continue reading…)

Gold, little changed in London, may decline as a rebound in the dollar curbs demand for the metal as an alternative investment.

The dollar gained as much as 0.4 percent against the euro. Bullion typically moves inversely to the dollar and rose to a record US$1,152.85 an ounce on Nov. 18. The metal is up 2.1 percent this week, heading for a third weekly gain. (continue reading…)

Brazilian stock futures gained as the U.S. dollar’s decline spurred demand for commodities, sending Vale SA and Petroleo Brasileiro SA higher.

Petrobras, as Brazil’s state-controlled oil company is known, added 0.4 percent in U.S.-trading as crude advanced above $74 a barrel. Vale SA, the world’s biggest iron ore miner, gained as metal prices rose.
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Mexico mining company, Piero Sutti SA report has found lithium deposit in northern Zacatecas and San Luis Potosi, Mexico. Mining companies estimate that the lithium deposit can be produced from existing deposit 12,000 tons per year. This lithium production will put Piero Sutti equivalent lithium producer Chile.
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