Copper

Harmony Gold Mining upgraded the resource estimate for its Wafi-Golpu project in Papua New Guinea on Wednesday increasing it by 57% to over 1 billion metric tons, making it one of the highest grade copper-gold porphyry systems in South East Asia. CEO Graham Briggs said it was a "game-changing asset" for the company and the latest drilling results bring the Wafi-Golpu deposits within sight of Freeport-McMoran’s Grasberg mine across the border in West Papua, Indonesia, which was recently hit by strikes.

Curis Resources Ltd. (TSX: CUV) ("Curis" or the "Company") reports a formal update on activities at the Company's flagship advanced stage Florence Copper project in central Arizona, USA.

BHP Billiton Ltd says it achieved production records in four commodities in 2010/11, with production of iron ore posting its 11th consecutive record. BHP said annual production of iron ore was 134.406 million tonnes (MT), up eight per cent on 2009/10.

Copper hit its highest since mid-April on Tuesday on better-than-expected U.S. housing data, a weaker dollar and hopes Chinese demand will remain firm, helping offset investor anxiety over U.S. and European sovereign debt concerns.

Outotec has been awarded another concentrator contract with Russian Copper Co. for the Miheevsky project with throughput of 18 million tonnes of ore a year. Finnish headquartered metallurgical specialist Outotec has signed a contract with ZAO Miheevsky Image from Outotec shows Kittilä gold mine, Finland.

Copper hit its highest since mid-April on Tuesday as a weaker dollar and hopes Chinese demand will remain firm helped offset investor anxiety over US and European sovereign debt concerns. Three-month copper on the London Metal Exchange (LME) traded at $9,800.25 a tonne by 0825 GMT compared with Monday's close of $9,694 a tonne.

Copper and gold miner OZ Minerals will return up to $200 million to shareholders through an on-market buyback, as booming prices for its products continue to generate cash. Photo of copper concentrates being loaded, by OZ Minerals.

Commodities giant Glencore says it is buying a majority stake in Peru's Mina Justa copper mine for $475 million. Swiss-based Glencore International PLC said Monday the purchase of a 70 per cent stake in Marcobre SAC from CST Mining Group Limited is subject to inspection of the books and price adjustment.

Carpathian Gold announced that it has concluded an agreement with Barrick Gold Corporation for a CDN$20 Million private placement to purchase 38,461,538 common shares (the "Private Placement" and the "Common Shares") of the Corporation at a price of $0.52 per share. The Common Shares will be subject to a four-month hold period. The proceeds from the Private Placement will be exclusively applied to the Corporation's ongoing exploration and development work on its wholly owned Rovina Valley Project ("RVP") situated in west-central Romania.