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Copper continues record rally

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Copper futures are rallying on the first day of trade of the New Year, extending 2010's 33% gains on expectations of sustainable growth in top metal consumer China.

Russian firm hires ex-Anglo director

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Russian steelmaker Severstal has recruited former Anglo American executive Philip Baum to head the $4bn flotation of its gold unit, according to reports.

Australian floods hit coal exports

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Record flooding in Australia's northeast continues to cut coal exports.

Eastplats completes equity finance deal

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Eastern Platinum has finalised an equity financing process of R2.3bn, issuing 224 million new shares.

Metals set to end year on climax

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Commodity markets are set to finish 2010 on a high note, while investors are positioning themselves for further growth on expectations of a continuation of this year's recovery.

Anglo declares force majeure in Australia

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Anglo American has pronounced force majeure on its coal mines in Australia's Queensland state due to prolonged heavy rains.

Storms cause BHP to close coal mines

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BHP Billiton has declared force majeure on some coal operations in Queensland's Bowen Basin.

Silver hits 30-year peak

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Spot silver is trading at historical levels, buoyed by a weak dollar and strength in base metals, while gold is holding steady on good physical demand.

Copper prices bode well for Zambia

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The high copper price will bring further hefty investment into the sector in Zambia, says the head of the body representing foreign miners.

Japan devises palladium-like alloy

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Japanese researchers have created an alloy with properties similar to palladium, a precious metal used in many high-tech goods, according to a news report.