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COPPER/GOLD

Intrepid shareholder Quantum sets out plan to win back Tujuh Bukit

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Investment firm Quantum Pacific Capital on Monday laid out its plans for gaining back control of the Tujuh Bukit project, which Intrepid Mines lost last year, proposing a new board and renegotiating with the project owners. PT Indo Multi Niaga...

By: Esmarie Swanepoel

20th May 2013

COPPER

Copper Mountain production grinds to halt on transformer failure

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Vancouver-based Copper Mountain Mining on Thursday said production ground to a halt after one of two transformers powering the semi-autogenous (SAG) mills had failed. Copper Mountain said it expected production to restart on Saturday, after a...

By: Henry Lazenby

17th May 2013

BASE METALS

DRC sees copper concentrate ban in full force by July, August

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Democratic Republic of Congo (DRC) expects its ban on the export of copper and cobalt concentrates to come into full force by July or August, as it presses mining companies to process and refine the metals within its borders, the Mines Minister...

By: Reuters

17th May 2013

COPPER-MOLY-GOLD

Marengo delays FS results, looks for new power partner

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ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...

By: Esmarie Swanepoel

17th May 2013

COPORATE ACTIVITY

Avalon price tumbles as funding disappears

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The share price of ASX-listed Avalon Minerals took a nose dive on Friday on news that the company had lost some A$25-million in funding. Avalon told shareholders that advisory group ZJ Advisory had pulled the plug on a proposed A$25-million...

By: Esmarie Swanepoel

17th May 2013

FINANCING

St Augustine Gold and Copper announces $11m private placement

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Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million. The private placement saw...

By: Henry Lazenby

17th May 2013

COPPER

Panoro projects progress as Peru seeks to double copper output

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King copper’s crown recently slipped in Peru; formally the second-largest producer of the red metal, the country was pushed into third place by China during 2011, according to the International Copper Study Group’s 2012 fact book. Peru is...

By: Simon Rees

16th May 2013

PROJECT EXPANSION

McEwen Mining takes a close look at growth-cost alternatives

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Faced with lower gold and silver prices and challenging capital markets, miners are being forced to look closer at low-cost alternatives to grow profitability, prompting metals producer McEwen Mining to expand its existing El Gallo 1 mine, in...

By: Henry Lazenby

16th May 2013

Topics in these articles

City	Company	Currency	Person
Perth Toronto Vancouver Tokyo San Juan	Intrepid PT Bumi Sukses Indo Quantum Pacific Capital Copper Mountain Mining Mitsubishi Materials ENRC Freeport McMoRan Glencore Reuters Avalon Discovery Zone ZJ Advisory St Augustine Gold And Copper Andina Panoro Minerals McEwen Mining	AUD USD	Greg Mazur Martin Kabwelulu Les Emery Avalon Minerals Andrew Russell Christian Pilon Jorge Merino Luquman Shaheen Rob McEwen
Country	Facility	Industry Term	Province Or State
Japan Congo Democratic Republic Of Congo Zambia Papua New Guinea Sweden Philippines Chile China Peru Argentina Mexico	Copper Mountain Mine SAG Mill Gold Bar	Metal Production Acute Electricity Shortages Intermediate Products Advisory Energy Mid-tier And Junior Mining Red Metal Capital Markets Miners Metals Producer	British Columbia San Juan
Region	Continent	Product
Southern British Columbia Central Peru	Africa	$11-million