Base Metals

Bloomberg reported CAP SA (EPA:CAP) fell after announcing a 39 percent increase in the cost to develop an iron ore project.

Bloomberg reported CAP SA (EPA:CAP) fell after announcing a 39 percent increase in the cost to develop an iron ore project.

As quoted in the market news:

The company will invest $800 million to develop its Cerro Negro Norte iron ore mine, which will begin production activities in the fourth quarter of 2013, according to a statement posted Dec. 19 on its website and on Dec. 20 on the website of the local securities regulator. The company had initially announced the project would cost $574 million to develop and would begin operations in the first quarter of 2013.

Click here to read the full Bloomberg report.

Featured

MARKETS

Markets
TSX20247.29+49.68
TSXV697.97-4.12
DOW31703.77-176.47
S&P 5003911.40-62.35
NASD11175.49-359.79
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1863.96+10.29
Silver22.01+0.27
Copper4.30-0.04
Palladium2007.11+22.11
Platinum953.000.00
Oil110.36+0.07
Heating Oil3.67+0.03
Natural Gas8.77+0.03

DOWNLOAD FREE REPORTS

×