Copper Mining News

Philippine 2011 mining investment may hit $2.8 bln

Mining investments could reach $2.8 billion in the Philippines this year if Chinese investors proceed with plans to jointly develop mining projects in the country, a senior mining official said Tuesday. There is a good chance that an initial target of $1.4 billion could be doubled if Chinese investors follow through in the last quarter on investments they have expressed interest in, Mines and Geosciences Bureau director Leo Jasareno said.

Glencore's Kazzinc commissions copper smelter

LONDON, Sept 13 (Reuters) - Glencore subsidiary Kazzinc has commissioned a new copper smelter at its New Metallurgy project in Kazakhstan and will complete a lead smelter at the same project in the first half of next year, bringing its investment to $875

Majescor and SOMINE report significant copper soil and IP anomalies at the SOMINE property, northeast Haiti

MONTREAL, QUEBEC--(Marketwire - Sept. 13, 2011) - Majescor Resources Inc. ("Majescor" or the "Company") (TSX VENTURE:MJX), its 100%-owned affiliate company SIMACT Alliance Copper-Gold Inc. ("SACG") and their Haitian partner SOMINE SA are pleased to report new significant results from the ongoing exploration program at the SOMINE Cu-Au project in northeast Haiti, together with the signing of a drill contract for a first round of 3,500 m focussing on the Douvray-Blondin porphyry copper-gold deposits, and on nearby targets. The drill contract has been awarded to Palo Verde Drilling Ltda. of Guatemala City, Guatemala. A man-portable drill with capabilities to 325 m depth is presently in transit from the Dominican Republic to the SOMINE project in NE Haiti. Majescor anticipates that drilling will commence on or before September 30.

Cornerstone Capital Resources Inc. :significant porphyry copper-gold mineralization discovered at Cascabel project in Ecuador

MOUNT PEARL, NEWFOUNDLAND--(Marketwire - Sept. 13, 2011) - Cornerstone Capital Resources Inc. ("Cornerstone") (TSX VENTURE:CGP) (FRANKFURT:GWN) (BERLIN:GWN) (PINK SHEETS:CTNXF) announced today the results of initial exploration work carried out on its 100%-owned Cascabel project in northern Ecuador. The project is located approximately 120 km north of Quito and 20 km south of the Colombian border. Access is very good via a paved road from the provincial capital city of Ibarra to San Lorenzo city, on the Pacific coast, and secondary gravel roads to the central part of the 50 km2 property. Maps showing the geology and exploration results of this program may be viewed at http://www.cornerstoneresources.com/s/Ecuador.asp?ReportID=478495.

Copper lifted off 1-month lows as China comes to rescue of Italy

London copper prices rose 1.3% to $8,869.50 a tonne n Tuesday on reports that China could bolster Italy's flagging economy by buying its bonds. In the previous session, copper – considered a good indicator of economic activity – was dragged to a one-month low after Chile’s Codelco, the world’s largest producer, said some of its clients in the United States and Europe have asked to cancel orders. Italy has asked China to make "significant" purchases of Italian debt, the Financial Times reported on its website on Monday, saying that the chairman of China Investment Corp, headed up a delegation to Rome last week. Meanwhile Greek workers threatened to sabotage a new property tax, a last-ditch effort by the government to please international lenders and the US treasury secretary flies to Poland to meet with EU finance ministers on the Greek crisis.

Mormon Church exchanging land with Kennecott

The Mormon Church and Kennecott have agreed to a land swap that includes almost 3,300 acres of church-owned land in west of the Salt Lake International Airport. The deal is not expected to close for several months, but all contingencies have been cleared.

Newmont Mining, Indonesian Union in talks over protest

Newmont Mining Corp.'s Indonesian unit said on Monday it is in talks with a worker union and local government to solve a protest that blocked access to its copper and gold mine last week.

Bard Ventures up seven percent after announcing drill results of 70.49 gm/t silver over 214.7m at Lone Pine property

Bard Ventures (CVE:CBS) was up 7.69% on Friday, bucking a down day in the markets when the S&P/TSX Composite index was down 2.34%, after the company announced drill results of 70.49 gm/t silver over 214.7m at Lone Pine Property. Bard Ventures said that the positive results received from drill hole BD-11-69 demonstrate the continuity of high grade molybdenum (Mo), copper (Cu) and silver (Ag) mineralization over a horizontal distance of 131 meters from drill hole BDQ-08-03 through BD-11-69 to BDQ-08-04.

Lumina Copper up 23 cents after announcing copper intersects at Taca Taca

Lumina Copper (CVE:LCC) announced on Thursday intersects of 646 meters grading of .93% copper equivalent at the Taca Taca copper-gold-molybedenum project in Argentina. Lumina also reported drilling results of 2.69% copper equivalent in 50 meters of grading. Lumina was up 23 cents to 7.08 on Thursday. At the end of the week, was back down $6.71.

Bulgaria mining company Asarel Medet a new gold and copper mining concession…more

that it had awarded local copper mining company Asarel Medet a new gold and copper mining concession for a period of 15 years reports Sofia Echo. The concession area spans 1604 hectares, the Government's media office said.... Username: Password: Stay

Rio Tinto forecasts surge in world demand for refined copper

The Australian reported that global demand for refined copper is forecast to rise by more than 40% to 27 million tonnes by 2020 and the massive Mongolian gold and copper Oyu Tolgoi project is strategically positioned to capitalize on that increase as it

Going cheap – Alaska mine worth $300 billion

Alaska's Pebble deposit presents big problems for Northern Dynasty, the junior Canadian miner that wants to cash out of its sole asset. Pebble has an eye-popping recoverable resource of 67 million ounces of gold and 55 billion pounds copper with some molybdenum thrown in for good measure which at today's prices is worth over $300 billion in total. The Vancouver company shares the venture with Anglo-American but the $4.7 billion development costs could be too rich even for the London-listed giant's blood. Apart from the problem of finding a heavyweight buyer for its 50%, Dynasty also faces opposition from a $150 million a year salmon fishery near the site and local environmental protesters who have enlisted the support of Hollywood celebrities like Robert Redford.

Josephine Mining Corp. provides drilling update

SPOKANE, WASHINGTON--(Marketwire - Sept. 9, 2011) - Josephine Mining Corp. (TSX VENTURE:JMC) ("JMC" or the "Company") is pleased to announce a drilling update on the Turner Gold Project. The company continues to fast track its progress with further drilling, logging and assaying at its Turner Gold Project in O'Brien, Oregon.

Inmet talking to big guns about Panama potential partnership

TORONTO (miningweekly.com) – TSX-listed Inmet Mining, which ditched plans to merge with Lundin Mining in March, said most major mining companies had expressed interest in buying a 40% stake in its Cobre Panama copper project, and that it had signed

Puma Exploration Announces Results of Annual and Special Meeting of Shareholders

RIMOUSKI, QUEBEC--(Marketwire - Sept. 9, 2011) - Puma Exploration (TSX VENTURE:PUM) is pleased to announce that all resolutions were approved by shareholders of the Society at its August 26, 2011 Annual and Special Meeting of Shar...

5 Reasons Rio Tinto Looks Attractive

5. Company Description and Investments Rio Tinto is an Australian diversified mining giant engaged in the exploration, development, production and processing of minerals with product groups aluminum, copper, diamonds and minerals, energy, and iron ore.

Avala Resources Grants Stock Options

Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company") wishes to announce that it has granted an aggregate of 4,860,000 stock options (the "Option") to directors, officers, employees and consultants of the Company and its Serbian subsidiary.

Mustang Minerals Corp.: Corporate Update

TORONTO, ONTARIO--(Marketwire - Sept. 9, 2011) - Mustang Minerals Corp. (TSX VENTURE:MUM)(FRANKFURT:NJF) ("Mustang") today released a corporate, exploration and project development update. The Company is progressing with a feasibility stud...

Sama Resources resumes drilling at its Samapleu poly-metallic project and announces new results at its Samapleu Ni-Cu deposit and Sipilou south Ni laterite project

Sama Resources Inc. ("Sama" or the "Company") is pleased to announce that drilling has resumed at the Samapleu property in Côte d'Ivoire using 2 drill rigs. The current drilling campaign is aimed at completing drilling at the "Samapleu Extension 1 poly-metallic zone" as well as testing the newly identified "Gangbapleu Target". Sama plans to complete the "Sipilou South Nickel-Cobalt Laterite" program on a 200 metre ("m") x 200 m spacing and to initiate a 2,000 m drilling program at the Company's "Lola Property" in the Republic of Guinea.

South America is a resource force with $216 billion in mining project development, an industrial info news alert

SUGAR LAND, TX--(Marketwire - Sep 9, 2011) - Researched by Industrial Info Resources (Sugar Land, Texas) -- South America, home to vast mineral resources, will remain an attractive place for foreign investments in the Metals & Minerals Industry in coming years. With more than 350 operational mines and about 400 active mining projects representing combined investments of more than $216 billion, project activity on the continent is growing substantially, thanks to worldwide and domestic demand for mined raw materials.

Black Fire Minerals on track to deliver early JORC resource with Pilot Mountain acquisition

Black Fire Minerals ( ASX: BFE ) has completed due diligence on the Pilot Mountain Tungsten-Copper Project located in Nevada, USA, and as a result has taken-up its two year option to acquire 100% of the project.

Revision of forecast reveals improved Zambian copper output

Market research house BMI has over the past quarter made an upwards revision to its forecast for Zambian copper output for this year, increasing it to 913 000 t, up from 877,000 t.

NovaGold testing investors' patience

Investors who have parked their money with NovaGold (AMEX:NG) must be wondering whether the company is ever going to pull gold out of the ground at its Donlin Gold Project in Alaska.

Anvil to commence copper production from SX-EW plant

Anvil Mining is scheduled to commence production of copper from its new Kinsevere Stage II Solvent Extraction Electrowinning (SX-EW) plant in the Democratic Republic of Congo in the current quarter.

Outotec to deliver concentrator technology for Codelco in Chile

Outotec has signed a contract with Chilean Codelco, the leading copper producer in the world, for the design and delivery of concentrator technology to Codelco's new Mina Ministro Hales mine in northern Chile.