Shareholders fight HudBay plan to acquire Lundin Nov 23, 2008
The new entity will have a portfolio of copper, zinc, lead, nickel, gold and silver mines in Canada, Portugal, Sweden, Spain and Ireland, along with developing mine projects in Guatemala and the Democratic Republic of the Congo ... In 2007 it acquired its latest interest in a hot spot, when it bought a 25-per-cent interest in the massive Tenke Fungurume copper-cobalt project in Congo. (Globe and Mail -- Business)
As the price of gold sparkles, the future looks bright for junior explorers Nov 23, 2008
CopperCo has inherited a 34 ... As an aside, CopperCo went into a trading halt last week pending news of "financing transactions" ... It will be feeling the heat of the slump in copper prices and it is known that it needs to roll over a debt, position by the end of the year. (Sydney Morning Herald -- Business)
Golconda Resources Ltd. Announces Signing of Definitive Agreement With Lyncorp Drilling Services Inc. and Resumes Trading Nov 22, 2008
Mr. Mullen is a director of Shear Minerals Ltd. and Copper Fox Metals Inc., which are publicly traded mineral exploration companies. Mr. Mullen is the Chief Executive Officer of Cordy Oilfield Services Inc., a publicly traded oilfield services company. (CCNMatthews Press Releases)
HudBay, Lundin merge in $814-million deal Nov 22, 2008
HudBay produces mostly zinc and copper while Lundin produces mainly copper, nickel, lead and zinc. Lundin Mining. (Globe and Mail)
Peru, China Intend to Sign Trade Agreement `at Top Speed,' Garcia Says Nov 20, 2008
Chinese miners , and have all bought Peruvian copper mines in the past year, while is exploring for oil and Hong Kong-based bought a fishmeal company. Minmetals and partner today signed a letter of intent with and Peru's Banco de Credito to finance the Galeno copper project ... Peru's fourth-largest copper deposit, has 765 million tons of copper reserves. (Bloomberg -- Latin America)
HudBay Files Fenix Project Technical Report Nov 20, 2008
An integrated mining company, HudBay operates zinc and copper mines, concentrators and metal production facilities in northern Manitoba and Saskatchewan, a zinc oxide production facility in Ontario, the White Pine Copper Refinery in Michigan, and owns the Fenix nickel project in Guatemala. In addition to its primary products, the Company also produces gold, silver and zinc oxide. (CCNMatthews Press Releases)
Resource exploration OK'd near fish habitat Nov 19, 2008
Large blocks of land in Southwest Alaska would be opened to development -- for the first time in more than 35 years -- in the same two river drainages as Pebble, the giant copper and gold prospect. One of the drainages is the Kvichak River, which has the largest sockeye salmon run in the world. (Anchorage Daily News)
Crowflight Reports Q3 2008 Financial Results Nov 19, 2008
The Company is also focused on nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt and Sudbury Basin. Cautionary Note on Forward-Looking Information. (CCNMatthews Press Releases)
Great Western Minerals Group Ltd.: Options Granted Nov 19, 2008
These "designer" alloys include those containing copper, nickel, cobalt and the rare earth elements. Jim Engdahl, President. (CCNMatthews Press Releases)
$17M grant helps launch mining institute Nov 19, 2008
I think one of the things people have overlooked in our history is mining and the significance of copper to this state, said William Harris, president and CEO of SFA. ... The copper that we produce is going to be very valuable in the 21st century, Poulton said, noting that a number of renewable energy fields from solar and wind to electric cars will rely on the metal ... Arizona has a long history with copper, one of the five C s that for decades defined its economy. (Phoenix Business Journal, AZ)
OZ minerals can't rule out writedown Nov 19, 2008
Meanwhile, Aditya Birla's Esperanza South copper project became the latest casualty of the decline in commodities prices. The miner yesterday halted development work on the project. (Sydney Morning Herald -- Business)
Wizened OZ share price riles market Nov 19, 2008
1 billion Prominent Hill development and an expansion of the Sepon copper operation in Laos. The company did not inspire any confidence with its response to the stock exchange query on the collapse of its share price yesterday. (Sydney Morning Herald -- Business)
OzMinerals drops after profit warning Nov 19, 2008
The company was formed this year through the merger of Oxiana and Zinifex, and produces zinc, copper, nickel, gold and lead from operations in Australia and Laos ... It has already rescheduled operations at its Golden Grove mine in Western Australia to reduce zinc output and increase copper production. (The Age)
Mexoro Minerals Enters Into Negotiations for Project Financing Nov 18, 2008
Mr. Flores is currently the general manager for Mexican operations for Constellation Copper Corporation. His experience in the mining industry over the past 30 years includes general management, mining operation management, feasibility studies, metallurgy, geology, design, engineering, planning, cost control, accounting, finance, quality control, environmental, supervision and project management during construction and his joining of board will bring a wealth of experience to the company. (PR Newswire)
Revenue dips on lower copper output Nov 18, 2008
4 million at yesterday's exchange rate), down 55 percent from the June quarter, after a reduction in copper output at its Lupoto project in the Democratic Republic of Congo because of "current market conditions". Net losses at Teal, in which African Rainbow Minerals owns 65 percent, quadrupled to $14. (Business Report, South Africa)
SAA may route some Voyager members to court Nov 18, 2008
The listings appeared to point to a move by ARM to speed up the development of Teal's copper projects in Zambia and the Democratic Republic of Congo (DRC), as well as its gold project in Namibia ... In another blow, Teal said yesterday that it had slowed down the development of its Lupoto copper project because of the drop in copper prices. (Business Report, South Africa)
Revett Minerals Reports Operating and Financial Results for the Three and Nine Months Ended September 30, 2008 Nov 15, 2008
5 million pounds of copper and 302,239 ounces of silver in concentrate during the third quarter of 2008 compared to 1. 7 million pounds of copper and 195,559 ounces of silver for the three months ended September 30, 2007; - For the nine month period ended September 30, 2008, Troy produced 7 ... 1 million pounds of copper and 793,998 ounces of silver in concentrate compared to production of 8. (PR Newswire)
International Royalty Corporation reports third quarter results Nov 15, 2008
Inmet Mining Corporation ("Inmet") is currently constructing the mine at its Las Cruces copper project in Spain and expects production to begin in the first quarter of 2009 with a projected annual average production rate over 15 years of 146 million pounds of copper(4) ... 7% NSR 53,150 37,452 121,610 94,155 Copper 2 ... 45% NSR 15 - 39 - ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenue... (PR Newswire)
African Copper-Third Quarter 2008 Financial Statements and Management Discussion and Analysis Nov 15, 2008
Source: African Copper Plc ... LONDON, UNITED KINGDOM--(Marketwire - Nov. 14, 2008) - African Copper Plc (AIM:ACU)(TSX: - ; BOTSWANA:AFRICAN COPPER) ... The following management discussion and analysis ("MD&A") of the operating results and financial condition of African Copper Plc ("African Copper" or the "Company") and its subsidiaries is for the three and nine months ended 30 September 2008 compared with 30 September 2007. (CCNMatthews Press Releases)
Mineral Kingdom Has Co-evolved With Life Nov 14, 2008
"This is principally a consequence of our oxygen-rich atmosphere, which is a product of photosynthesis by microscopic algae." Many important minerals are oxidized weathering products, including ores of iron, copper and many other metals. Microorganisms and plants also accelerated the production of diverse clay minerals. (Science Daily)
Congo rebels grab young men Nov 14, 2008
That fighting eventually involved more than six countries in a mad scramble for diamonds, gold, copper, tin and other minerals and came to be called Africa's World War. At the moment, less than a quarter-mile separates government soldiers from the rebels along a gravel road leading out of this town, a stretch of banana trees and bushes where soldiers loiter in front of abandoned houses and lie in the grass with rocket-propelled grenade launchers. (Seattle Times)
Orsu Metals Corporation Announces Interim Results for the Period Ended 30 September 2008 and 2007 (Unaudited) Nov 13, 2008
8 million which was revalued using a final settlement price for copper of $2 ... Finally, the Company recognised sales on gold and copper concentrate as revenues for the three month period 30 September 2008 ... VARVARINSKOYE COPPER-GOLD MINE, KAZAKHSTAN. (CCNMatthews Press Releases)
Blood minerals Nov 13, 2008
Workers toil to extract diamonds, gold, copper and cassiterite in the thousands of open mines which litter the contested eastern region. The untapped wealth of the forested landscape is worth billions of dollars but only a tiny fraction of that reaches the pockets of ordinary citizens. (BBC News -- Business)
Alaska mines set output record in '07 Nov 12, 2008
Roughly half was spent on the Pebble copper and gold prospect in southwest Alaska. The figures were released in a report, "Alaska's Mineral Industry 2007," published by the state Division of Geological & Geophysical Services. (Juneau Empire)
Deep Sea Expedition Sets Sail Nov 12, 2008
7, 1998) Geologists drilling into the Pacific floor to study hot-water vents have made an unexpected discovery: a zone of high-grade copper ore deposited below the seafloor. The finding could point the way to. (Science Daily)
Melkior: Drilling Returns 60.27 g/t Gold Over 1.8 Meters Nov 12, 2008
Melkior will also be actively exploring its East and West Rim Nickel Copper properties near Mc Faulds Lake during the coming months. Airborne surveys have defined specific targets of exploration merit. (CCNMatthews Press Releases)
Standard & Poor's Announces Changes to U.S. Indices Nov 11, 2008
Bucyrus International manufactures large-scale surface and underground mining equipment used for mining coal, iron ore, copper, oil sands and other minerals. Headquartered in South Milwaukee, WI, the company will be added to the Sap 400 GICS Construction Machinery Trucks Sub- Industry index. (PR Newswire)
Dont Pop Pills for Your Nutrients Nov 11, 2008
The suggested seven are--Boron found in avocado and apples, Chromium found in whole grains and broccoli; Copper which is in sunflower seeds and mushrooms; Iodine found in seafood and iodized salt; Manganese which is in leafy greens, and whole grains; Zinc found in nuts and beans;and finally, selenium, found in barley and foods grown in the ground. These minerals are better absorbed from food rather than popping a pill. (WOKR13 Rochester)
Full Metal and Highbury Drill 5.5m of 4.28 g/t Au at Moore Creek Gold Project Nov 11, 2008
Soil samples across the Willow Mountain stock returned analyses of up to 20 g/t Gold, along with anomalous Arsenic and Copper over a 300m x 500m area ... 07 g/t Gold, and soil samples contained anomalous Silver, Arsenic, Copper, Lead, and Antimony over a 250m x 500m area ... Drill results are currently pending from the high-grade Fortymile silver-lead-zinc property and Pebble South copper property. (CCNMatthews Press Releases)
East Asia Minerals Intersects 14 metres of 6.31 g/t gold and Further Expands Abong Gold System Nov 11, 2008
"There is open mineralization and numerous additional drill targets remaining at Abong and we believe the mineralized system will grow significantly", stated Michael Hawkins, President and CEO of EAS. "We feel it prudent however during the current market turmoil to temporarily halt the Abong drilling pending compilation of the preliminary resource. EAS remains well funded and has sufficient funds in its treasury to continue drilling over the next couple of years at Abong and its other highly... (CCNMatthews Press Releases)
Australia Faces First Recession in Two Decades as Export Outlook Darkens Nov 11, 2008
China's performance may be the key to whether the economy shrinks: A slowdown in Australia's fastest growing export market would hurt shipments of iron ore, coal, copper and cotton. Treasurer said this week Australia may be hit harder than expected as the global slowdown spreads to the emerging markets that are among the nation's main trading partners. (Bloomberg -- Australia & New Zealand)
Base metals boosted by China's spending package Nov 10, 2008
LONDON Copper jumped almost 10 per cent on Monday, pulling all industrial metals higher, on hopes that China's $600-billion (U.S.) economic stimulus plan will boost demand ... London Metal Exchange copper rallied as high as $4,120 ... However, prices for copper have slumped more than 50 per cent from a record high of $8,940 in July amid slowing demand. (Globe and Mail -- Business)
Things not so wonderful in the land of OZ as review looms Nov 10, 2008
1 billion Prominent Hill copper-gold mine in South Australia and commission the second autoclave at its Sepon copper mine in Laos. But all other growth projects - including its $US310 million ($452 million) Martabe gold mine under construction in Indonesia - are up for review. (Sydney Morning Herald -- Business)
OZ Mins initiates review in volatile era Nov 10, 2008
OZ Minerals has already rescheduled operations at its Golden Grove mine in Western Australia to reduce zinc output and increase copper production. The company says commissioning of the Prominent Hill copper and gold project in South Australia and the plant upgrade at the Sepon copper mine in Laos are on track - but all other projects are under review ... OZ Minerals was formed this year through the merger of Oxiana and Zinifex and produces zinc, copper, nickel, gold and lead from operations in... (The Age)
OZ Minerals, World's No.2 Zinc Miner, Reviews Operational Spend on Markets Nov 10, 2008
1 billion ($756 million) Prominent Hill copper and gold mine in South Australia state remains on schedule to start output next month and an expansion of its copper plant in Laos is also continuing, the company said. The timing and structure of all other projects is under review, it said. (Bloomberg -- Australia & New Zealand)
Crisis knocks glitter off mining ventures Nov 8, 2008
One of the companies seeking to develop the massive and controversial Pebble copper and gold mine in Southwest Alaska recently announced that its work on the project has not slowed because of the economy. The crisis unfolded so rapidly that it hasn't affected major mines' long-term plans -- at least not yet, said Karl Hanneman, director of corporate affairs for Teck, which operates the Red Dog zinc and Pogo gold mines. (Anchorage Daily News)
Polaris announces board changes Nov 7, 2008
He is currently Chairman and a member of the Board of Directors of both PBS Coals Ltd. and Creston Moly Corp. and most recently was Vice Chairman and CEO of Skye Resources Inc. He also serves on the Board of Lundin Mining Corporation, HudBay Minerals Inc., Sherwood Copper Corp. and Troon Ventures Ltd. Mr. Benner has held senior leadership roles at companies including Lundin Mining Corporation and EuroZinc Mining Corporation. Dr. Shklanka said, "We are very pleased that Colin has agreed to join... (PR Newswire)
FNX Reports Third Quarter 2008 Results Nov 6, 2008
FNX Chairman and CEO, Terry MacGibbon stated that, "While we continued to execute our production plans during the third quarter, our financial results were negatively impacted by rapidly changing market conditions and dramatically declining commodity prices. The financials were also negatively affected by pre-tax negative provisional price adjustment of $21.3 million and write-downs totaling $18.3 million. In these turbulent market conditions, the Company is conserving cash and reduced its 2008... (CCNMatthews Press Releases)
Manicouagan Minerals Announces More Encouraging Results From HPM/Forgues Including-9.54 Metres Grading 1.12% Nickel, 0.23% Copper and 528 ppm Cobalt Nov 6, 2008
23% Copper and 528 ppm Cobalt: Financial News - Yahoo ... 23% Copper and 528 ppm CobaltThursday November 6, 8:30 am ET ... 66% copper and 1103 ppm cobalt. (CCNMatthews Press Releases)
Rock-Eating Bacteria "Mine" Valuable Metals Nov 6, 2008
Development is also being spurred by the electronics industry's brisk global demand for copper. "Certain microbes react to metal ions and help copper be leached out of low-quality ore," said Masaru Tomita of the Institute for Advanced Biosciences at Japan's Keio University ... "The ultimate goal is to establish biotechnologies to leach copper from this low-quality ore.". (National Geographic)
Anglo American Increases Stake in Nautilus to 11.1% Nov 5, 2008
Nautilus is the first company to commercially explore the ocean floor for gold and copper seafloor massive sulphide deposits and subject to timely permitting is positioning itself to become an emerging producer in 2010. The Company's main focus is the Solwara 1 Project, which is located in the territorial waters of Papua New Guinea in the western Pacific Ocean. (CCNMatthews Press Releases)
Power producers are target for coal mined at Chapudi Nov 5, 2008
It is also looking for empowerment partners in Richards Bay Minerals and the copper mine in Palabora, in which it has substantial stakes. Rio Tinto would not be making any further investment in Zimbabwe until the climate improved, said Albanese. (Business Report, South Africa)
Northgate Reports Third Quarter 2008 Financial and Operating Results Nov 4, 2008
12 per diluted common share, which includes a charge of $16,912,000 to recognize an other than temporary decline in the value of the Corporation's auction rate securities investments and a mark-to-market hedging gain of $22,984,000 on the Corporation's copper forward contracts ... 12 per diluted common share, which includes a charge of $16,912,000 to recognize an other than temporary decline in the value of the Corporation's auction rate securities ("ARS") investments and a mark-to-market... (Canada Newswire)
Pebble development estimated at $6 billion Nov 4, 2008
ANCHORAGE - The estimated cost of building the massive Pebble copper and gold mine has hit $6 billion, making it one of the most expensive projects proposed for Alaska ... ANCHORAGE - The estimated cost of building the massive Pebble copper and gold mine has hit $6 billion, making it one of the most expensive projects proposed for Alaska ... While the copper and gold deposit is one of the world's richest, the ore is mainly low grade, meaning that most of the rock dug up would be waste material. (Juneau Empire)
Aura Minerals Releases Assay Results From New Copper-Gold-Iron-Nickel Zone on Serrote da Laje Deposit Nov 4, 2008
20 -------------------------------------------------------------------------- (1) true width has yet to be determined (2) using a copper cutoff grade 0 ... In addition to the Company's recently acquired Aranzazu Property, the Company owns the advanced stage Arapiraca Property in north-eastern Brazil, which was originally explored in the 1980's and 1990's for copper and gold. (CCNMatthews Press Releases)
Congo's riches fuel its war Nov 4, 2008
Given its immense natural resources, the Congo should be one of the richest countries on earth, with an estimated $300 billion worth of timber, gold, diamonds, cobalt, copper, tin, and coltan. Nearly 80 percent of the world's known reserves of coltan a key metal used in cellphones and video games come from Congo. (Christian Science Monitor)
Mining for minerals fuels Congo conflict Nov 4, 2008
6 million tons of copper and 626,000 tons of cobalt in return for improving infrastructure. During the 1998-2002 war, current President Joseph Kabila and his father Laurent, who was then president, sold off copper and diamond mining rights to Zimbabwe and Angola in exchange for their support. (Rapid City Journal, SD)
Rio Tinto's QMM project on stream after environmental obstacles Nov 4, 2008
Rio Tinto's South African interests include a 50 percent stake in Richards Bay Minerals, a 58 percent interest in copper producer Palabora Mining, as well as the Chapudi coal project in Limpopo. QMM president Gary O'Brien said there was potential to expand QMM, on the southeast coast of Madagascar, to 1. (Business Report, South Africa)
Gold in the hills Nov 2, 2008
"There is very little silver and no copper." His crews have pulled out of the Highlands for the season after snow began falling last month, but they are making plans to ramp up efforts in the spring. Warren McCullough, bureau chief of the Montana Department of Environmental Quality's major facility siting program, said that the state has been in contact about permitting the Highlands project for years. (Montana Standard, MT)
Northgate Discovers Significant Extensions to Mineralized Zones at the Fosterville Gold Mine Oct 31, 2008
Northgate Minerals Corporation is a mid-tier gold and copper producer with mining operations, development projects and exploration properties in Canada and Australia. The company is forecasting approximately 385,000 ounces of unhedged gold production in 2008 and is targeting growth through further acquisition opportunities in stable mining jurisdictions around the world. (PR Newswire)
Breakwater Resources Ltd.'s 2008 Third Quarter Financial and Operating Results Oct 31, 2008
The Company is a mining, exploration and development company which produces zinc, copper, lead and gold concentrates ... Third Quarter First Nine Months Concentrate Sold (tonnes) 2008 2007 2008 2007 --------------------------------------------------------------------------- Zinc Mochito 18,251 9,472 41,389 30,626 Toqui 10,185 13,768 56,870 41,583 Myra Falls 19,574 14,154 47,164 34,283 Langlois(1) 22,310 2,255 52,652 2,255... (CCNMatthews Press Releases)
Congo Conflict Shows Flaws In UN Peacekeeper Force Oct 31, 2008
Demand for minerals has fueled Congo's conflicts for years, and experts say little has changed since a U.N. investigation concluded in 2001 that the fighting has been mainly about "access, control and trade" of five key resources: diamonds, copper, cobalt, gold and coltan, which is used in cell phones and laptops. . (CBS News -- World)
Newmont Generates Third Quarter Net Cash From Continuing Operations of $198 Million ($0.44 per Share); Maintains 2008 Guidance Oct 29, 2008
44 per Share); Maintains 2008 Guidance. " Mr. O'Brien went on to add, "We continue to advance our future cornerstone of the Asia-Pacific region, Boddington in Australia, towards a targeted start-up in early to mid-2009. (Canada Newswire)
Hot small caps - Ferrexpo dives as CEO quits Oct 29, 2008
8 percent after the minerals exploration and development company's joint venture partner on the Mkushi copper project in Zambia says the feasibility study on the project will be complete by the end of the month, with production on track to start by mid-2010. "Many important milestones have been passed in the last year as part of the study work (on Mkushi), perhaps the most important being the granting of a full mining licence for the project...further approvals will complete all the... (International Herald Tribune -- Technology)
Congo's history of violence Oct 29, 2008
Cobalt, copper, diamonds, gold, silver, tin and coltan, an essential mineral for the manufacture of cellphones, make Congo one of Africa's most mineral-rich countries. It is also rich in coffee, rubber and palm oil. (Globe and Mail -- International)
Oven-Steamed Salmon With Pan-Cooked Mushrooms Oct 29, 2008
They re an excellent source of B vitamins and minerals including selenium, copper, potassium, phosphorous, zinc, and manganese, and they also contain a powerful antioxidant called L-ergothioneine. Throughout Asia, they re used medicinally for their immune-boosting properties. (Atlanta Journal-Constitution -- Health)
Tight credit threatens to squeeze projects worth $50bn Oct 29, 2008
DisplayAds('ButtonL',17,). DisplayAds('ButtonR',17,). (Business Report, South Africa)
As Transnet rolls ahead, Eskom sits in dark Oct 28, 2008
Zambia's copper boom has boosted its economy for some time, but the global market crisis threatens to push the country back into a struggle with poverty. . (Business Report, South Africa)
Trimming down to survival mode Oct 27, 2008
And with unprofitable operations draining cash flows, some others like copper miners India Resources and Compass Resources are starting to look vulnerable to the same fate ... Last month Perilya trumpeted a plan to sell its Mount Oxide copper project to Chalice Gold Mines in return for a 73 per cent interest in the junior explorer that could later be distributed pro-rata to Perilya shareholders ... On Friday afternoon Chalice pulled out of the deal, citing the need to properly exercise its... (Sydney Morning Herald -- Business)
Ten top superfoods Oct 26, 2008
A serving size of a half cup of beans contain large amounts of iron, phosphorous, magnesium, manganese, potassium, copper, calcium, zinc and fibre. Health benefits. (iAfrica.com)
Performance of Vale in 3Q08 Reaching New Heights Oct 24, 2008
RIO DE JANEIRO, Brazil, Oct. 23 /PRNewswire/ -- Companhia Vale do Rio Doce (Vale)(NYSE: ) operational and financial performance in the third quarter of 2008 (3Q08) continued on an excellent track, marked by records in the production of iron ore, pellets, nickel, bauxite, alumina, aluminum, cobalt, and thermal coal, shipments of iron ore and pellets, copper, alumina, cobalt and thermal coal, gross revenue, operational profit and cash generation. The combination of financial strength, world-class... (PR Newswire)
Dynamite Resources Completes 10,000 m Diamond Drill Program on the Upper Skarn Ridge Target at Mike Lake Project, Yukon Oct 23, 2008
TORONTO, ONTARIO--(Marketwire - Oct. 23, 2008) - Dynamite Resources Ltd ("DNR") ("Dynamite")(TSX VENTURE: - ) is pleased to announce that it has successfully completed 10,004 m of diamond drilling in 68 holes at the Upper Skarn Ridge target at the Company's Mike Lake Gold-Copper Project in west-central Yukon. The property is located 25 km north of the former Brewery Creek gold mine and is 70 km northeast of the world famous Klondike Goldfields. (CCNMatthews Press Releases)
Alexis Pours Additional 5,860 Ounces Gold & Achieves Commercial Production at Lac Herbin Mine, Val d'Or, Quebec Oct 23, 2008
Approximately 786 sq. km. of the Rouyn-Noranda Mining Camp is explored in a 50/50 joint venture with Xstrata Copper. Alexis has budgeted $5. (CCNMatthews Press Releases)
Sparkling future? Oct 22, 2008
Copper has also fallen, which will have a substantial effect on Zambia and the Democratic Republic of Congo. But these are likely to be short-term effects, as China has an almost insatiable appetite for minerals. (BBC News)
China smelters output to fall Oct 22, 2008
The copper price fell below $US2 a tonne yesterday for the first time since 2005, down about 53% since its peak in May. Global miners are pinning their hopes on the Chinese Government's ability to boost domestic demand rapidly. (Sydney Morning Herald -- Business)
