StockGuru Blog: Network Exploration, Ltd. — Copper Outlook Very Good
Value of Copper Pivotal in Mining Operaion Network Exploration Ltd. — NETYF Chile’s central bank cut its 2006 economic growth estimates amid lower output for its number one export copper, but said growth would strengthen in 2007 as oil prices ease and mining activity recovers. Central bank President Vittorio Corbo said after presenting the report in Valparaiso that interest rates could stay near current levels for a period of time. The thrice-yearly report to Congress said mining production would likely recover in 2007 and oil prices would fall, while investment would improve. Chile is the world’s largest producer of copper,…