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Barksdale acquires Arizona copper projects from Rio Tinto
Barksdale Resources has entered into a definitive agreement to acquire two copper exploration projects in Santa Cruz County, Arizona, from Kennecott Exploration Company, a wholly owned subsidiary of Rio Tinto Group. Barksdale is currently pursuing the Sunnyside...
One million tons of Australian copper needs new buyers
Bullish sentiment for copper made new highs, with Australian producers unable to take full advantage of the rally they helped create. Relations between Canberra and Beijing hit a new low on Thursday. With imports at zero since the end of November under a ban that has...
Zambia closes Konkola Deep copper mine
The Zambian government reported that a lack of capital has halted production at Indian billionaire Anil Agarwal's Vedanta Resources Ltd. mine. The stop at Konkola Deep, a high-grade underground shaft that also contains cobalt, was triggered by a lack of funds to...
Falling stocks and rising copper prices
Copper stocks held at the Lme have fallen 20% since mid-April. Since that day, copper has gained 13%. The theory is that a drop in inventory (then physical delivery to the customer) is followed by a rise in the price of the commodity. Often this does not happen, but...