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COPPER

Southern Copper pushes back start of Peru project

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Southern Copper said on Friday its Tia Maria copper project would likely start production by the end of 2011, roughly six months later than previously predicted. Tia Maria, which is expected to cost nearly $1-billion, has come under criticism...
20th November 2009
 
 
GOLD

IMF may start gold sales in Q1 – VM

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Unless another central bank steps in to buy what remains of the gold earmarked for sale by International Monetary Fund (IMF), the fund will likely begin on-market gold sales in the first quarter of 2010, suggests VM Group analyst Matthew Turner....
20th November 2009
 
 
CHILE

BHP, strikers in Chile agree to resume talks

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Strikers at the Spence copper mine agreed to resume wage talks with owner BHP Billiton on Friday in an effort to end a 39-day work stoppage that threatened to spread to the miner's other operations in Chile. A leading Chilean mine union earlier...
20th November 2009
 
 
COAL

Rio Tinto expects $741m from US coal unit IPO, notes sale

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Diversified miner Rio Tinto will receive proceeds of at least $741-million from transactions related to the initial public offering (IPO) of its Cloud Peak Energy unit, which started trading on the New York Stock Exchange on Friday, the group...
20th November 2009
 
 
HEALTH & SAFETY

Alpha Natural reports roof fall at Pennsylvania mine

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A roof fall at US coal-miner Alpha Natural Resources' Emerald longwall mine, in Pennsylvania, disabled the main conveyor line and shut down production on Wednesday, the company reported on Friday morning. No employees were in the area at the time...
20th November 2009
 
 
BASE METALS

Santa Rita commissioning running smoothly - Mirabela

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The commissioning of the processing plant at TSX- and ASX-listed Mirabela Nickel's Santa Rita mine, in Brazil, is going to plan, with only "minor rectification issues" encountered, the firm reported on Friday. All mechanical and electrical...
20th November 2009
 
 
COAL

Design completed for first phase of Miranda’s maiden coal mine

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JSE-listed minerals exploration and development company Miranda Resources on Friday reported that it has advanced towards the commissioning its first coal mine during its financial year, which ended on August 31, 2009. Miranda had been granted...
20th November 2009
 
 
GOLD

Newmont hits commercial production at new Australian mine

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Colorado-based Newmont Mining has achieved commercial production at its new Boddington mine, in Australia. The mine, which is expected to operate for more than 24 years, will be the largest gold producer in the country.
20th November 2009
 
 
 
 
 
 
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