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MINERAL TITLE

Sinchao loses mineral resources at Peru copper-gold project

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For Sinchao Metals Corp, the bad news is that its Peruvian copper-gold project, located 30 km from Newmont Mining’s giant Yanacocha mine, has been stripped of its mineral resources. The good news? The TSX V-listed firm’s imminent merger with...

By: Matthew Hill

25th May 2012

COPPE

Anglo gaining ground in Codelco battle

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With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

By: Martin Creamer

25th May 2012

PEOPLE

Chile Codelco CEO Hernandez to resign, CFO to step in

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Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo...

By: Reuters

25th May 2012

COMMUNITY RELATIONS

Near-mine communities up in arms against Freeport McMoRan’s DRC unit

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Communities living near the new $2-billion Fungurume copper/cobalt mine, in the Democratic Republic of Congo (DRC), are up in arms against the gigantic mine’s developer, which they accuse of not delivering on its pledge to create substantial...

By: Nomvelo Buthelezi

25th May 2012

COPPER

Chile Codelco Q1 output falls, 2012 on track

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The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10% in the first quarter from a year earlier to 373 000 t, but said it was on target to produce 1.71-million tons this year. Codelco produced 414 000 tons of...

By: Reuters

24th May 2012

RIGHTS OFFERING

Ivanhoe to launch $1.8bn rights offering

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TSX-listed Ivanhoe Mines, which is majority owned by Rio Tinto, said on Wednesday it would launch a rights offering to raise about $1.8-billion. The rights offering to existing shareholders formed part of a funding agreement to enable Ivanhoe to...

By: Henry Lazenby

23rd May 2012

COPPER

US copper futures sink to fresh 2012 trough

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US copper futures fell to a fresh 2012 low Wednesday, hit by a mass exodus of risk assets amid doubts that Europe will be able to wrestle its festering debt crisis under control. Comex copper for July delivery plunged 9.65c or 2.8% to an...

By: Reuters

23rd May 2012

COPPER

Quaterra sees 41m lb/y copper mine at MacArthur

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Vancouver-based Quaterra Resources on Wednesday announced the results of a scoping study at its MacArthur copper property in Nevada, outlining a potential 41-million-pound yearly operation coming at a capital cost of $232.7-million. The project...

By: Matthew Hill

23rd May 2012

Topics in these articles

City	Company	Country	Facility
Cajamarca Johannesburg Codelco London SANTIAGO Lubumbashi Vancouver New York	Newmont Mining Scott E. Wilson Consulting Sinchao Metals Corp Southern Legacy Minerals Anglo American Sur SA Anglo Sur BHP Billiton Codelco Mitsubishi Mitsui DRC Freeport McMoRan Copper Freeport-McMoRan Freeport-McMoRan Copper & Gold Lundin Mining Mining Weekly Ivanhoe Rio Tinto Quaterra Resources	Chile Colombia Japan South Africa Democratic Republic Of Congo Mongolia Mexico United States	Yanacocha Mine University Of Chicago Los Bronces Mine $2-billion Fungurume Copper/cobalt Mine Andina Mine Chuquicamata Mine
Natural Feature	Person	Currency	Industry Term
Andes Grand Canyon	Atahualpa Cynthia Carroll Diego Hernandez Hernan De Solminihac Thomas Keller Claude Kabemba Robert Friedland Thomas Patton	USD GBP	Copper Mining Copper Giant Copper Producer State Mining Giant Uranium Mining
Medical Condition	Continent	Province Or State
Injury	Europe	Nevada Utah