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Smelters, BHP settle 2012 copper charges

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China's copper smelters and BHP Billiton have settled 2012 term copper concentrate treatment and refining charges at $60 a tonne and 6 US cents a pound.

Iron ore fall raises doubts on Australia tax plan

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Australia's politically charged mining profits tax may raise less of the initial A$11bn Prime Minister Julia Gillard is promising if iron ore prices return to November levels.

First Quantum says Zambia strike illegal

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First Quantum Minerals says a strike at its flagship Zambian copper mine is illegal.

Resources give JSE New Year fillip

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The JSE was up more than 2% as stronger commodity prices drove the resources sector higher, although trade was thin.

French nuclear plants need more safety

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France's 58 nuclear reactors are safe, but safety systems must be improved quickly to prepare for extreme situations, says the French nuclear safety authority.

Eastplats finalises $100m debt facility

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Eastern Platinum says it has finalised a $100m debt facility for the funding of its Mareesburg Project.

Anglo, Codelco tension grows in Sur row

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Anglo American says it is not obliged to sell Codelco anything as the Chilean state-owned miner exercises a right to buy 49% in Los Bronces copper mine and other properties.

Gold rises in line with euro recovery

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Gold is rallying and boosted by a rise in the euro against the dollar, after the price hit its lowest in nearly six months last week in a flurry of year-end speculative selling.

First Quantum says workers on strike in Zambia

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Workers at the Zambian unit of Canada's First Quantum Minerals have gone on strike for a 100% pay rise, bringing production to a halt at the country's largest copper mine.

Jim Rogers says bearish on gold

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The euro may rebound in the near-term despite the problems affecting continental Europe, as investors are overly bearish on the currency, says investor Jim Rogers.