We continue to collaborate closely with our suppliers and advisers, the regulatory authorities of the Government of Andalucía and the project financiers with a view to triggering the Rio Tinto Copper Mine by the end of 2012.
There are better days waiting ahead for copper and nickel in the field of electronics with the new invention of copper-nickel nanowires, which will be a perfect choice for printed electronics, developed by researchers in Duke University.
CBC reports that Canadian Zinc (TSE:CZN) has passed another milestone in getting its zinc-silver-lead-copper Prairie Creek Mine up and running with an OK from John Duncan, the minister of Aboriginal Affairs and Northern Development.
The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.
The Spanish bailout is now being called 'voodoo economics' while EU finance officials are at the point of discussing limiting ATM withdrawals and doing border checks if and when Athens drops the euro.
Singapore's sovereign wealth fund Temasek Holdings has taken up a 5.5% stake in Canada's Ivanhoe Mines valued at roughly $420 million ahead of a $1.8 billion rights offer at the miner. Early Monday Ivanhoe, already down 43% this year shed another 3.8% in value.
Rio could end up with a much bigger chunk of Ivanhoe come July 19 – 260 million new shares are expected to be issued representing some 35% of Ivanhoe's current outstanding shares.
Copper dropped sharply on Friday after China's decision to cut interest rates suddenly revived fears of a slowdown in the world's second largest economy.
