Death toll rises at Glencore mine in Congo after collapse

The Globe & Mail reports local authorities in the Pakistani province of Balochistan refused to meet Tethyan Copper, a joint venture between Chile’s Antofagasta and Barrick Gold, for talks before rejecting a bid for one of the world's richest deposits of gold and copper at a remote site in the dry hills near the Afghan-Pakistan border, known as Reko Diq. Tethyan Copper said a “summary decision” by the restive province to reject a mining lease application for its Reko Diq project breached local rules and Pakistani law and has now filed a "notice of dispute." The company submitted a feasibility study earlier this year that indicated 22 billion lb of copper and 13 million oz of gold at the site. The Balochistan decision now paves the way for a Chinese consortium to construct a mine and processing facility.

Global miner Anglo American has risked its future in the world's largest copper producing nation by denying Chile's state-owned Codelco a 49 percent stake in its Sur unit, said Diego Hernandez, Codelco's chief executive on Thursday. Miguel Angel Durán, president of Anglo American’s Chilean operations, told a Chilean newspaper that the company wants to sit down with Codelco, the Chilean state mining company, and find a way to avoid years of litigation over Anglo’s Chilean assets. The copper giant is putting together a crack team of lawyers and financial advisers from Chile and New York to fight Anglo’s attempt to block it from exercising an option to buy half of Anglo’s Chilean copper assets for $6 billion. Anglo early in November sold 24.5% to Mitsubishi for $5.4 billion.

Andover Ventures Inc. ("Andover" or the "Company") (TSX VENTURE:AOX)(OTCBB:AOVTF)(FRANKFURT:R2X) is pleased to announce that the Company has more than doubled its land position at the Sun Property located in the Ambler Mining District, Northwest, Alaska. The Ambler district hosts one of the richest known volcanogenic-massive-sulphide (VMS) copper-zinc-lead-gold-silver deposits in the world. Andover previously held 112 State of Alaska claims, each representing a quarter section, or 160 acres. The Company has increased the number of state claims by staking an additional 118 claims for a total of 230 claims, representing a new land position of 36,800 acres.

Anglo American's $5.4 billion sale of its 24% stake in Codelco to Mitsubishi — Japan's largest trading house — is just the beginning of further rounds of competition between Japanese trading houses for the red metal. According to Reuters, Japan's top trading houses are flush with cash and ready to compete for copper assets, which they see as good prospects as demand for the metal rises and supply tightens: The competition is likely to drive up asset prices for potentially lucrative properties holding the base metal, with the trading houses jostling for the prize of becoming the top supplier for the world's fifth biggest copper market and to tap surging demand in China and other emerging markets.

Gregory A. Lang, former President of Barrick Gold of North America, accepted the position of president and chief executive officer of NovaGold Resources (TSE:NG). He starts in January. NovaGold also announced its intention to sell its 50% stake in the Galore Creek project it owns with Teck Resources, and to spin off its Ambler project, in order to focus on the company's flagship Donlin Gold project in Alaska. Markets liked the news, which was announced today. NovaGold Resources shares jumped 27% to $11.42 a share in mid-day trading.

Pro-and anti-mining forces are clashing once again over a proposed copper-gold mine in northern BC. On Monday Taseko Mines, the proponent of the New Prosperity mining project, said it has started legal action against people it alleges have obstructed preparations at the minesite. In response, the Tsilhqot’in Nation filed an injunction against the company "to halt its plans for extensive road-building, drilling, excavation of test pits, and timber clearing in support of its unprecedented and controversial resubmitted bid for approval of its soundly rejected Prosperity Mine project," the Tsilhqot’in, which represents six First Nations, stated in a press release.

TORONTO, ONTARIO--(Marketwire - Nov. 15, 2011) - Dia Bras Exploration Inc. (TSX VENTURE:DIB) ("Dia Bras" or the "Company") is pleased to report that exploration drilling from the surface at Promontorio mine (Figure 1: http://diabras.com/files/media/a20ec_figure1.pdf) combined with underground channel and bulk samples from drifting in the Promontorio mine continue to identify wide zones of disseminated silver mineralization, confirming the discovery of a new zone with large tonnage potential.

Mining companies in Zambia may have to scale down their operations to cope with higher mining taxes recently imposed by President Michael Sata's new government. Reuters quotes the general manager of the country’s chamber of mines, Frederick Bantubonse:

Crazy Horse Resources Inc. (TSX VENTURE:CZH)(OTCQX:CRZHF) (the "Company") is pleased to announce that its new management has completed a review and scoping study of the Taysan Copper-Gold Porphyry Project in Batangas Province on Luzon Island in the Philippines.