Bougainville independence could revive one of world’s biggest copper mines
Panguna has an estimated 5.3 million tones of copper and 19.3 million ounces of gold, which would make the reserves worth about $60 billion at today’s prices.
An alumnus of the University of Arizona is promoting the use of copper alloys as hygienic, alternative construction materials in the healthcare sector.
Diversified mining giant Teck Resources Ltd. (TSX:TCK.A) has confessed to polluting the upper reaches of Columbia River in Washington State for nearly a century with effluent discharge from one of its BC-situated smelters.
Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of infrastructure are likely to keep delaying a mining boom in the country.
China is showing further signs that stimulus spending to prop up its slowing economy could well be on the way with President Hu Jintao evincing a commitment to economic growth at the APEC summit over the weekend.
The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.