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Xstrata shrugs off Australia tax threat

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Xstrata is confident disagreement over future exposure to a proposed mining tax in Australia will not jeopardise around $3bn in new coal mine investments, says a senior company executive.

Copper to outperform base metals – Goldman

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Metals prices will diverge to follow their own fundamentals during 2011 as emerging market economies drive ahead and demand recovers in developed nations, says Goldman Sachs.

Petra ups Koffiefontein stake

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Petra Diamonds has increased its effective interest in its Koffiefontein mine from 70% to 74%.

African Eagle starts to soar

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The share price of African Eagle Resources has taken off, as institutions are seemingly buying management's story that the company found a world class nickel deposit in Tanzania.

Copper hits record after strong China data

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Copper prices have risen to a record $9,103 a tonne, buoyed by strong Chinese macro-economic and output data.

Rio mulls more Alcan asset sales

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Rio Tinto may sell some aluminium smelters and refineries with limited growth potential, and is considering a major capital investment at its Alcan unit, according to a report.

Bengwenyama challenged on land claims

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A community has claimed the Bengwenyama-Ya-Maswati misled the Constitutional Court over the ownership of land on which Genorah Resources’ prospecting rights were set aside.

SA records gold output gains

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South Africa's gold output during the third quarter rose 2.1% compared with the second quarter, says the Chamber of Mines.

Gold up on physical buying

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Spot gold is trading higher as healthy physical demand buoys prices.

WikiLeaks: BHP tried to sabotage Rio deal

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A WikiLeaks cable has revealed that BHP Billiton tried to sabotage a $21bn deal between rival miner Rio Tinto and China's Chinalco, according to ABC News.