Rio Tinto and BHP are finalising plans to submit in the US which seek to develop one of the world’s largest copper deposits in a $US6 billion project.
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World’s largest copper mine moves underground [Images]
After close to a century of operation, Chile's Chuquicamata mine, the world's largest open cut copper mine, is moving underground.
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GlencoreXstrata sells off PNG copper stake
GlencoreXstrata agreed on Friday to offload its 80 per cent stake in the undeveloped Frieda River mine in Papua New Guinea to Australian miner PanAust.
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The current state of copper: Too soon for surplus?
The current notion that copper is coming back to surplus is being undermined, as French bank Natixis says Chinese stocks tell a different story.
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Newcrest’s gold output drops quarter-on-quarter
Gold miner Newcrest Mining has recorded back-to-back quarters of declining gold and copper production.
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Rio sees increasing tonnages in third quarter
Rio Tinto has lifted production results in the third quarter, stating that productivity improvements are now being realised.
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Copper find could see Mt Gordon reopened
A new copper find at Aditya Birla’s Mount Gordon mine near Mount Isa in Queensland is being reviewed by ANZ Bank, fuelling speculation about the mine’s future.
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Sirius gets serious: Extends Polar Bear gold anomaly
One of Australia’s strongest emerging juniors Sirius Resources has extended the zone believed to contain gold anomalies at its Polar Bear project in Western Australia.
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Katter challenges Glencore on its future in Queensland
As GlencoreXstrata’s copper operations in Queensland’s north west remain under review, Federal MP Bob Katter is demanding answers from the multi-national miner on possible job losses and the future of its mines.
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OZ Minerals shake off Glencore takeover rumours
Oz Minerals is rejecting reports GlencoreXstrata is making a takeover play for the Australian copper and gold miner.
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Olympic Dam expansion too much of a challenge for BHP
A “challenging” resources sector will see BHP Billiton’s Olympic Dam mine expansion remain on hold, company chief executive Andrew Mackenzie says.
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Newmont on the lookout for copper opportunities
Gold producer Newmont Mining is searching for new gold and copper assets, saying the depressed market is the perfect time to acquire new assets.
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Sirius scopes out Nova-Bollinger project
This year’s mining rock star Sirius Resources estimates it will cost $471 million to deliver its Nova-Bollinger project with a production capacity of 28,000 tonnes of nickel and 11,000 tonnes of copper a year.
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Cobar miner fined $100k for tailings
A copper and gold mining company in Cobar was fined $100,000 in the Land and Environment Court last week after it pleaded guilty to a water pollution charge.
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Second landslide hits Rio’s Bingham Canyon mine, 100 workers evacuated
A landslide at Rio Tinto’s Bingham Canyon mine in Utah has resulted in the evacuation of about 100 workers and contractors on Wednesday night.
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New head for Rio Tinto’s Oyu Tolgoi mine
Rio Tinto’s Mongolian copper and gold mine, Oyu Tolgoi has appointed a new president and chief executive.
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United nations to assist in Bougainville mine remediation
Rio Tinto’s Panguna copper mine will get help from the United Nations Environment Program (UNEP) to deal with its environmental problems.
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Tinkler’s Aston Metals in receivership
Mining magnate Nathan Tinkler’s Aston Metals, a base metals company, has gone into receivership with a Hong Kong-based trustee company.
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Commodity prices shrink MMG bottom line by 75%
Global resources company MMG reported a profit fall of 75 per cent to $35.9 million for the first half of 2013.
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Freeport and Newmont face export ban despite MoU
Signing memoranda of understanding to supply concentrates to local smelters has not spared US-backed gold miners Freeport Indonesia and Newmont Nusa Tenggarra from next year’s export prohibition.
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