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Base Metals
 
PROJECT DEVELOPMENT

Ivanhoe starts Kamoa construction

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Africa-focused project developer Ivanhoe Mines last week said it had started construction on the box cut for the initial portal to planned decline ramps that will provide underground access to the proposed Kamoa copper mine, in the Democratic...
28th July 2014
 
 
COPPER

Avanco inks royalty agreement at Antas, Brazil

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Copper developer Avanco Resources has executed a $12-million non-dilutive production royalty investment with BlackRock World Mining Trust, over the Antas mine in Brazil. Avanco told shareholders on Monday that a due diligence had been completed,...
28th July 2014
 
 
COPPER

Congo president fires CEO of State miner Gecamines for 'gross negligence'

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Democratic Republic of Congo's President Joseph Kabila has fired the chief executive of the country's State mining company Gecamines for "gross negligence", according to a presidential decree read out on the state television channel. Government...
28th July 2014
 
 
COPPER EXPORTS

Freeport set to resume Indonesian copper exports

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Freeport-McMoRan clinched a deal with the Indonesian government on Friday allowing the miner to resume copper concentrate exports from the country, effectively ending a six-month tax dispute and paving the way for more miners to follow suit....
25th July 2014
 
 
DIVERSIFIED MINERS

Anglo CEO backs Ramaphosa’s strike ballot comments

1 COMMENTS
The introduction of a strike ballot process as suggested by Deputy President Cyril Ramaphosa would be a great step forward for industrial relations in South Africa, Anglo American CEO Mark Cutifani said on Friday. Cutifani was responding to a...
25th July 2014
 
 
FINANCIAL RESULTS

Anglo delivers ‘pleasing’ results despite headwinds

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Mark Cutifani Despite the headwinds faced by diversified miner Anglo American during the first half of the year, the group had delivered a “pleasing” performance at all its operations barring platinum. Anglo American CEO Mark Cutifani on Friday said the...
25th July 2014
 
 
ZINC

India govt approves stake sale in Hindustan Zinc, BALCO

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India's new government has approved the sale of its residual stakes in Hindustan Zinc Ltd and Bharat Aluminium Co (BALCO), Finance Minister Arun Jaitley said on Friday. The government owns 29.5% of Hindustan Zinc and 49 percent of BALCO. Both the...
25th July 2014
 
 
ENVIRONMENT

Codelco submits changes to Andina project to reduce environmental impact

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World No 1 copper producer Codelco submitted to Chilean environmental authorities changes to its controversial Andina project that it said would reduce the mine's potential impact on nearby glaciers and water supply. State-owned Codelco, which...
25th July 2014
 
 
 
 
 
 
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