Community around MMG’s Las Bambas mine holding its breath

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 29, 2012) - Coro Mining Corp. ("Coro" or the "Company") (TSX VENTURE:COP) is pleased to announce that Franco-Nevada Corporation ("Franco Nevada") and the Company have agreed to amend the term...

Copper output in Chile, the world's largest copper producer, tumbled 7.6% in the last 12 months to 396,341 metric tons, the National Statistics Institute (INE), a government statistics agency, announced this morning.

As Canadian exports of iron ore and uranium to China continue to increase dramatically, Beijing will benefit from higher-quality ore and diversification of supply sources, predicts economist Patricia Mohr in the latest Scotiabank’s Commodity Price Index.

Mount Kellett calculates that Greenslade, his daughter Denby Greenslade and two directors "would realize $49,193,285 of value through their Baja stock, regardless of whether Catalyst proves successful or not."

Baja Mining, locked in a bitter dispute with Mount Kellett Capital Management over control of its board, on Monday accused the asset manager of being "reckless," having a "hidden agenda" and "misleading" shareholders.

London-based Vedanta Group (LON:VED) announced Saturday a merger of two of its subsidiaries, Sesa Goa and Sterlite Industries, into a new corporate entity to be named Sesa Sterlite.

Baja Mining is fighting attempts by Mount Kellett, a $6 billion asset manager, to stack the miner's board with its own nominees. Baja is accusing Mount Kellett of a takeover by stealth while MK says Baja is a web of conflicts.

Despite some price retracing in 2011, the copper physical market fundamentals remain strong, with liquid stocks near an all-time low.

During the first eleven months of 2011, global usage grew by only 2.7% over 2010, but accelerated in October-November to 12% due to an jump of 38% in China.