Northern Dynasty funds next steps at Pebble project

In what it seems to be the first casualty of the heated conflict between diversified miner Anglo American (LON:ALL) and its Chilean adversary Codelco, the world’s largest copper producer announced its CEO Diego Hernandez resigned late Thursday.

Balmoral Resources Ltd. (TSX VENTURE:BAR)(OTCQX:BALMF) ("Balmoral" or the "Company") today reported a new discovery of nickel-copper-platinum group metal mineralization on the Company's wholly owned Grasset Property.

Goldman Sachs came out with a report showing Chinese copper usage in April came in at the second highest run rate on record.

Alaska Dispatch has published an interactive map plotting Alaska's operating mines, active prospects and abandoned prospects.

Xstrata Plc (LON:XTA), the fourth largest copper producer in the world, said it is analyzing political risks in Argentina, where the company has two major copper projects on the go with an estimated investment of $5.5 billion.

The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10 percent in the first quarter from a year earlier to 373,000 tonnes, but said it was on target to produce 1.708 million tonnes this year.

World number two gold producer, Newmont Mining Corp. (NYSE:NEM), will spend $440 million on the controversial Conga mine project in Peru over the next 18 months, about two-thirds less than the $1.5 billion initially budgeted.

Asian Mineral Resources' board is recommending that the shareholders turn down Norilsk Nickel's $22.3 million offer or 11 cents a share.

A letter from US wire manufacturers to the SEC states this type of investment vehicle in copper would “grossly and artificially inflate prices” and “wreak havoc on the US and global economy”.