Latest Resolution Copper Stories

2009-11-12 08:00:00

VANCOUVER, Nov. 12 /PRNewswire-FirstCall/ - The Board of Directors of Western Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) are pleased to announce the appointment of Mr. Keith Calder (48) as President, Chief Executive Officer and Director of Western effective December 1, 2009. Mr. Calder will replace Mr. John Hogg (64), Western's current President, Chief Executive Officer and Director who will be retiring from the Company effective November 30, 2009. Mr. Hogg will also step down from...

2008-08-30 09:00:49

By GABRIELA RICO Electrocution occurred at Asarco's Kearny site Federal and state inspectors are investigating the electrocution of a worker at Tucson-based Asarco's Ray Mine, near Kearny, last week. Electrical apprentice Peter Eudave, 41, was adjusting a light fixture on the outskirts of the copper pit when he was killed last Friday, according to a preliminary incident report prepared by inspectors with the Mine Safety and Health Administration of the U.S. Department of Labor. The...

2008-08-05 06:00:00

By Gabriela Rico, The Arizona Daily Star, Tucson Aug. 5--British mining giant Rio Tinto and Australian partner BHP-Billiton plan to invest $652 million for studies at the site of a large copper deposit at their Resolution Copper Mining operation in Superior. Town leaders are embracing the company and the hoped-for mine and recently signed an agreement outlining their future relationship. The underground mining operation -- which Resolution predicts will yield 600,000 tons of copper a...

2008-08-04 09:00:46

Rio Tinto has announced an investment of US$652 million (Rio Tinto share US$341 million) to support continued pre-feasibility studies on a large, tier-one copper deposit at its Resolution Copper Mining LLC (RCML) operation in Superior, Arizona. Pre-feasibility studies are expected to be completed by 2012 with production at the new mine expected to start by 2020, eventually ramping up to 500,000 tonnes per annum of copper. Rio Tinto is a significant global copper producer with high...

2008-07-18 09:00:53

By Tom Gibbons The main driver behind the price increase for metals is increasing demand in emerging economies in the world. Even as the U.S. economy slows, demand for commodities remains strong worldwide. "Commodities offer an opportunity that's non-correlating to the stock market," says Mike Bowen of WealthTrust Arizona in Scottsdale. In early July, the Dow Jones Industrial Average entered bear territory--indicated by the index falling 20 percent below its recent high. The stock...

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