Archive for the ‘Copper Mining’ Category

ITT Chosen to Move Filtered Seawater to the High Desert for Large-Scale Mining Project in Chile

ITT Corporation has received a multi-million dollar contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile’s Atacama Desert, the driest desert in the world. The mine will be the first large-scale mine in Chile to make use of seawater in the mining process.
As part of the project, ITT will [...]

Wednesday, July 23rd, 2008

Wallbridge Mining Begins Exploration on Copper-Zinc and Nickel Targets in North-eastern Ontario

Wallbridge Mining Company Limited is pleased to announce exploration plans for copper-zinc and nickel targets on two claim groups located in north-eastern Ontario. The copper-zinc and nickel properties are located within Wallbridge’s Shipley and Hong Kong Township claim groups, approximately 10 kilometres southeast of Sultan, and about 100 kilometres north-west of Sudbury, Ontario. Both properties [...]

Wednesday, July 23rd, 2008

Lundin Mining Corporation: Tenke Project Update

Lundin Mining Corporation is pleased to provide an update on the Tenke Fungurume Copper/Cobalt Project, in Katanga Province, Democratic Republic of Congo. Lundin Mining holds a 24.75% interest in Tenke Fungurume. The project is under construction by operating partner Freeport-McMoRan Copper & Gold Inc. (”Freeport”). Upon completion of this first phase of Tenke development, the [...]

Tuesday, July 22nd, 2008

AMR Outlines Export Tariff Increase Impact on Ban Phuc Nickel Project

Asian Mineral Resources Limited announced the steps it plans to take to deal with the impact on its Ban Phuc nickel project of the recently announced increase to 20% in the Vietnamese export tariff on nickel concentrates.
AMR has initiated discussions with the appropriate Vietnamese governmental authorities and has begun enlisting the support of other interested [...]

Tuesday, July 22nd, 2008

Frontera Copper Provides Update on Operations

Frontera Copper Corporation provided an update on the Piedras Verdes operations.
Second Quarter 2008 Operating Highlights
– Copper cathode sales of 9.9 million pounds
– Average cash cost of $2.36 per pound
– Closing cash balance of $19.4 million
During the second quarter of 2008, the Piedras Verdes operations produced 9.8 million pounds and sold 9.9 million [...]

Monday, July 21st, 2008

Orbit Garant Drilling Awarded Specialized Drilling Contract by Polar Star Mining

Orbit Garant Drilling Inc. announced that it has entered into a two-year contract with Polar Star Mining Corporation to provide specialized diamond core drilling services at Polar Star’s properties in Chile.
The drilling services are scheduled to begin in the second quarter of Orbit Garant’s fiscal year and involve a continuous minimum of 25,000 linear meters [...]

Monday, July 21st, 2008

Vena Begins Second Phase 8,000 Metre Drill Program at Azulcocha West

Vena Resources Inc. is pleased to announce that the second drill program has commenced at Azulcocha West. An additional 27 drill holes have been designed for a total of 8,000 metres of drilling. Drilling includes targets on the Cantagallo, Recuperada and El Triunfo areas along the southern area of the Azulcocha West property including a [...]

Saturday, July 19th, 2008

Copper price promises better investment

Most investors have focus on mining sectors like oil, coal and steel price. Copper which is so far hasn’t been able to attract investors’ attention recently started to steal some investors’ attention with its better price in the market. copper prices have quietly hung in and held the breakout in the weekly chart. The persistent [...]

Wednesday, July 16th, 2008

Petaquilla Copper Ltd. Preliminary Response to Inmet’s Bid

On July 6, 2008, Inmet Mining Corporation announced that it intends to make an all-cash offer (the “Offer”) for all of the outstanding common shares of Petaquilla Copper Ltd. (the “Company”) (Toronto:PTC.TO) at a price of $2.00 per share.
Until the Offer is formally commenced and has been reviewed, the Board of Directors is unable to [...]

Tuesday, July 15th, 2008

East West Resource Corporation: Drilling Confirms Continuity of Copper Mineralization at Marshall-Thunder Bay, Ontario

East West Resource Corporation and its 50% joint venture partner, Eyeconomy Holdings PLC (PLUS: EYE) are pleased to announce that a 20 hole, 2950m (9735 feet) core drilling program has been completed at Marshall Lake. In addition to testing individual shallow electro-magnetic anomalies produced by a VTEM survey, the program also tested deep anomalies beneath [...]

Tuesday, July 15th, 2008