Archive for the ‘Copper’ Category

Ivanhoe likely to resume mining in December

Thursday, November 20th, 2008

Myanmar Ivanhoe is likely to resume its copper mining activities in Monywa next month following suspension of production for a few months, company sources said. Myanmar Ivanhoe was into copper mining in Sabe hillock and Kyesin hillock near Monywa city in Sagaing Division in collaboration with junta's No. 1 Mining Corporation. ...

Zambia Jan-Sep Copper Output Up 10.7% On Year - Official

Thursday, November 20th, 2008

Zambian copper production in the first nine months of the year increased by 10.7% on year as copper mines recovered from operational disruptions suffered earlier in the year, a government official told Dow Jones Newswires Wednesday. An official with the ministry of mines and mineral development said central bank data indicates ...

Research and Markets: Mining Industry - Global Strategic Business Report Includes Indexed, Easy-To-Refer, Fact-Finder Directory Listing

Thursday, November 20th, 2008

Research and Markets has announced the addition of the "Mining Industry - Global Strategic Business Report" report to their offering. The global outlook series on the Mining Industry provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report provides a bird's eye view of the ...

Nord Resources’ Johnson Camp mine production estimate raised in scoping study

Wednesday, November 19th, 2008

Nord Resources Corp said a scoping study has found that the company can cost-effectively increase its production from the Johnson Camp copper mine in Arizona to an estimated rate of 40 million pounds of copper per year from the current plan of 25 million pounds. The study by Bateman Litwin, an ...

Chinalco, China bank agree $2 bln Peru mine loan

Wednesday, November 19th, 2008

China's Chinalco (601600.SS: Quote, Profile, Research, Stock Buzz) and a Chinese bank will announce this week a $2 billion loan to develop the Toromocho copper project in Peru, a Peruvian government official said Tuesday. Peru is the world's second largest producer of copper and the Toromocho mine could lift the country's ...

Zambia: Mining Operations to Go On

Wednesday, November 19th, 2008

IN the past few months, there has been uncertainty in the economy and there were fears that Zambia might lose the gains that have been achieved so far. The Kwacha strength against convertible currencies declined, copper prices tumbled on the international market, inflation began to rise and it generally appeared as ...

KGHM sees 2009 copper production in line with 2008

Tuesday, November 18th, 2008

KGHM KGHM.WA, Europe's biggest copper miner, expects its output in 2009 to be in line with this year's even though it expects a 2-1/2 month maintenance shutdown of its Glogow mine, its chief financial officer said on Monday. In its full-year budget, KGHM sees its copper output at 512,000 tonnes in ...

OPINION: Brace Yourself…Copper Prices on the Slide

Monday, November 17th, 2008

A year ago copper prices were topping out at $3 a pound. As of Friday, the price is $1.65, down 45 percent year to date. If that doesn't make you nervous -- aside from your own 401(k) taking it in the shorts -- nothing will. Copper has lost nearly half its value ...

Alaska’s mineral industry now worth record $4 billion

Monday, November 17th, 2008

The total value of Alaska's mineral industry in 2007 set a new record of approximately $4 billion, up 13.3 percent from the 2006 level, the state Department of Natural Resources announced Nov. 5. The total value combines exploration and development expenditures with production value. The figure is used as a general ...

Minera Andes announces third quarter gold/silver sales at the San Jose mine total $18.5 million - First phase of expansion completed

Wednesday, November 12th, 2008

Minera Andes Inc. is pleased to announce details of the San Jose mine performance to September 30, 2008. The San Jose project is operated by Minera Santa Cruz S.A. ("MSC") and is owned 49% by Minera Andes and 51% by Hochschild Mining plc ("Hochschild") (HOCM.L: Reuters and HOC LN: Bloomberg ...