On Friday, S&P/ASX 200 ended the day higher by 43 points to 4,637.70. The index rose almost 1.5% for the month of February.
There’s speculation that Copper prices will increase this week after the devastating earthquake in Chile. However, all the major copper mines, including Escondida have reported very little damage. The biggest [...]
* Kiwi off highs as Chinese data weighs * Rate meetings in Australia, euro zone, UK to guide market
JUPITER Mines has announced a “company transforming” deal that delivers the junior a stake in a world-class manganese project.
LONDON Metal Exchange copper was set to retreat from a price rally sparked by a knee-jerk reaction to Chile’s massive earthquake.
MATRIX Gold has extended the cut-off date on its $5 million IPO to March 24 and added a plan to operate a second pit.
LME copper rallied 5.6 per cent in electronic trading following a massive earthquake in Chile, but prices soon retreated.
By Javier Blas, Financial Times, 28 Feb 2010Copper prices are set to climb this week after a massive earthquake hit Chile, the world’s largest producer of the red metal, disrupting mining operations. But the spike is likely to be short-lived as the country’s giant mines were spared from major damage.Global copper inventories are near a six-year high, helping to cushion the market against any short-term supply disruption, analysts said.
THE Rudd government’s wind energy backflip will unlock billions of dollars worth of investment in new windfarms.
LAOS-focused copper and gold miner PanAust has signed a $US45 million ($50m) deal with Chile’s state-owned mining giant Codelco.
MINERS missed the chance last year to grab some great buys.
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