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KGHM launches telecom arm sale

KGHM (KGHM.WA: Quote), Europe's second biggest copper producer, has launched the sale of its telecoms arm Dialog as part of its plans to shed some non-core assets, sources close to the deal told Reuters late on Monday. "Teasers have been sent," one of the sources said, referring to a document presenting the company to potential buyers.
Mineweb | March 22, 2011 | 7:46 am
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Chinese rare earth exports burst through 100,000 tonne mark in Feb

China's exports of rare earth metals burst through the $100,000-per-tonne mark for the first time in February, up almost ninefold from a year before, while the volume of trade stayed far below historical averages. China's squeeze on rare earths, which are used in a wide range of hardware including precision-guided weapons, hybrid car batteries and iPads, has forced prices up dramatically since July last year, when each tonne fetched a mere $14,405 on average.
Mineweb | March 22, 2011 | 7:46 am
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Hudbay raises Augusta Resource Corp stake to 14%

Canadian base metals miner HudBay Minerals Inc raised its stake in Augusta Resource Corp to 14.3 percent by buying 5.4 million more shares in the company for C$21.3 million. HudBay now holds 20.2 million shares of Augusta Resource, up from about 14.8 million earlier, the company said on Monday.
Mineweb | March 22, 2011 | 7:45 am

Gem Diamonds in talks with Lucara

Gem Diamonds says it is in very early stage talks with Canadian-listed Lucara Diamond Corp over a possible merger. "These discussions are at a very early stage and there can be no certainty the contemplated merger will occur or of the timing or terms of any such transaction," Gem Diamonds said in a statement on Monday.
Mineweb | March 21, 2011 | 9:37 pm
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First Uranium: S Africa mine operations resume

Canadian gold and uranium producer First Uranium Corp (FIU.TO) said on Friday it has resumed underground operations at its Ezulwini gold mine in South Africa. A temporary work stoppage instruction was issued on March 12 by the South African Department of Mineral Resources, pending investigations after a worker died in fall of ground.
Mineweb | March 18, 2011 | 12:48 pm
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Nippon Steel/Sumitomo draft merger plan submitted

Nippon Steel & Sumitomo Metal Industries Ltd submit draft merger proposal Tokyo (Reuters) - Nippon Steel Corp, the world's fourth-biggest steelmaker, and Sumitomo Metal Industries Ltd submitted a draft proposal for their planned merger to Japan's
Mineweb | March 18, 2011 | 11:36 am