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M2R:AU
Gidji JV Exploration Update
Zambia Lures Vale, Vedanta to Lead $6 Billion Investment in Copper Mining
Jul. 12, 2011 05:41PM PST
Base Metals Investing Bloomberg reports that Vale SA (NYSE:VALE), First Quantum Minerals Ltd. (TSE:FM) and Vedanta Resources Plc (LON:VED) will invest more than $6 billion in Zambia.
Bloomberg reports that Vale SA (NYSE:VALE), First Quantum Minerals Ltd. (TSX:FM) and Vedanta Resources Plc (LON:VED) will invest more than $6 billion in Zambia.
The market news is quoted as saying:
Zambia’s copper output, some 681,000 metric tons last year, may double to 1.44 million tons by 2015, according to Brook Hunt.
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| Commodities | |||
|---|---|---|---|
| Gold | 2302.88 | +1.02 | |
| Silver | 26.56 | +0.02 | |
| Copper | 4.57 | +0.08 | |
| Oil | 77.99 | -0.96 | |
| Heating Oil | 2.44 | 0.00 | |
| Natural Gas | 2.15 | +0.12 | |
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