This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Copper Gains As Industrial China Grows And US Budget Talks Remain In Focus

Copper Fox Metals (TSXV:CUU) said its Schaft Creek copper project in British Columbia will have a nominal milling capacity of 130,000 tonnes per day over a 21-year mine life, according to the most recent feasibility study. That is an increase of 30 percent from the September 2008 study, as well as a 20 percent increase in the capital expenditure expected on the project. The mine is expected to produce a total of 4.88 billion pounds of copper, 4.21 million ounces of gold, 25.1 million ounces of silver and 214.92 million pounds of molybdenum.

Southern Arc Minerals (TSXV:SA) agreed to sell its 90-percent share in the Taliwang gold, silver and copper project in Indonesia to Coke Resources in return for $500,000 and 15 million shares in Coke. The transaction is contingent on Coke completing an initial public offering on the Australian Stock Exchange. Coke expects to issue up to 21 million shares at AU$0.20 per share. Southern Arc will own about 8 percent of the company.

Redhawk Resources (TSX:RDK) plans to pursue an underground development plan for its Copper Creek project in Arizona. It said the underground option is expected to incur smaller capital costs, and the project can be developed in a shorter time. It expects to conclude a preliminary economic assessment based on new resources in the first quarter of 2013.

Copper North Mining (TSXV:COL) raised $775,350 in a non-brokered private placement of 5.17 million shares at $0.15 apiece.

Yellowhead Mining (TSX:YMI) raised $441,999 in an additional private placement of shares for $0.65 per share and $0.70 per share. The proceeds will be used for exploratory drilling at its Harper Creek copper, gold and silver project in British Columbia.

 

Securities Disclosure: I, Ragnhild Kjetland, hold no investment interest in any company mentioned in this article. 

Copper Gains as Industrial China Grows and US Budget Talks Remain in Focus from Copper Investing News

null
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,288.63 +155.93 0.86%
S&P 500 2,117.39 +12.89 0.61%
NASDAQ 5,008.0960 +44.5690 0.90%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs