Base Metals

Xstrata to develop Peruvian copper mine

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Mining giant Xstrata says it will invest $1.47bn in developing a southern Peru copper mine, a move aimed at extending the life of its existing operations in the region.

First Quantum Minerals co-founder and chairman Philip Pascall dies

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FIRST Quantum Minerals co-founder, Philip Pascall has died, the Toronto-listed copper producer announced on Tuesday. Pascall helped found the company in 1996 serving as its...

Orion confirms ‘global’ mineral resource for Prieska project at 30 million...

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ORION Minerals said today the total mineral resource of its Prieska copper and zinc project totalled just over 30 million tonnes. "The completion of the...

Vedanta’s Venkat “hoping and praying” KCM dispute isn’t a repeat of...

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SRINIVASAN Venkatakrishnan, CEO of Vedanta Resources, said he was "hoping and praying" that justice would prevail in Zambia where the company is fighting an...

First Quantum says Zambia copper sector can take ‘centre stage’ following...

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FIRST Quantum Minerals has called for further fiscal reform in Zambia following the southern Africa country's national budget on Friday - the first of...

Key Chile copper mines restart after blackout

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Electricity service returns to key copper mines in Chile, but shaky supply could continue to hit mining operations.

Chile backs Codelco in Anglo fight

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The Chilean government is ready to support state mining company Codelco to the end in its bitter legal fight with Anglo American, says the Deputy Mines Minister.

Shares in Jubilee Metals up 8% as firm lifts earnings despite...

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METALS processing company Jubilee said today it expects combined operational earnings to increase by 54% to £12.8m (74% increase to R266.5m) in the six months...

Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper

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VEDANTA Base Metal's top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from...

Barrick’s Bristow says Zambian fiscal reform “a very significant event” for...

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THE normalisation of Zambia’s fiscal regulations was "a very significant event" for the country in its attempt to attract new investment, said Mark Bristow,...