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Copper
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

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Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
 
ENVIRONMENT

British Columbia orders independent reviews of all province’s tailings dams

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In the wake of Imperial Metals’ Mount Polley mining disaster, the British Columbia government on Monday ordered independent third-party reviews of 98 permitted tailings impoundments at 60 operating and closed metal and coal mines in the province....
18th August 2014
 
 
EXPLORATION

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

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Bisha, Eritrea TSX- and NYSE MKT-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Monday said it was “excited” about continued positive drilling results at the Harena deposit, located...
18th August 2014
 
 
BASE METALS

Ivanhoe appoints banks to conduct strategic review of DRC assets

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Africa-focused project developer Ivanhoe Mines on Monday said it had appointed BMO Capital Markets and Morgan Stanley & Co International as financial advisers to conduct a strategic review of its Kamoa and Kipushi base metals projects, in the...
18th August 2014
 
 
COPPER/GOLD

Oz Minerals ‘highly encouraged’ by Carrapateena study

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A prefeasibility study (PFS) into ASX-listed Oz Minerals’ Carrapateena project, in South Australia, has found that the project could deliver about A$22.1-billion in revenue over its 24-year mine life. The project was expected to deliver 114 000...
18th August 2014
 
 
COPPER

African Copper expects improved Q2 ore production at Thakadu

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Improved ore production from Aim- and Botswana-listed copper production and exploration company African Copper’s Thakadu openpit copper mine, in Botswana, was expected during the second quarter of the 2014/15 financial year, as the mine’s backlog...
18th August 2014
 
 
COPPER

Rio weighs options over Bougainville stake

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Diversified giant Rio Tinto on Monday announced that it was “reviewing” its options over its 53.83% shareholding in embattled Bougainville Copper. Bougainville’s Parliament last week passed a new Mining Act, which devolved power to regulate the...
18th August 2014
 
 
BASE METALS

Imperial launches $100m financing to help foot bill for Mount Polley clean-up bill

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Canadian base metals miner Imperial Metals on Friday announced that it intended to raise $100-million by issuing senior unsecured convertible debentures to help pay for the clean-up costs following the tailings dam breach at its Mount Polley...
15th August 2014
 
 
 
 
 
 
Copper Multimedia
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