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Message: Copper: Europe Demand in Decline

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Copper: Europe Demand in Decline

posted on Oct 17, 08 04:50AM

Europe’s top copper miner, KGHM, is bracing for a decline in profits. The Polish company announced this week that they are planning on reducing 2008 guidance as a result of declining demands in some categories for the industrial metal. The Chief Executive Officer of KGHM, Miroslaw Krutin expects that next year will present an even more challenging environment than the current year, as the full effects of shrinking demand become realized on the spot price of copper.

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Like Sherwood Copper Corp? Then you might also be interested in McLaren Resources

McLaren Resources

Blue Quartz Property surrounded by numerous past and presently productive gold mines
Black Fox mine (Brigus Gold), the Hislop mine ( St Andrews Goldfields)
Recent Drill Results include 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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