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HudBay buys mores shares in U.S. copper/moly mine developer

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.

Rusal suffers further rebuff as court rejects injunction request

Moscow - OJSC MMC Norilsk Nickel (the Company) announces today that RUSAL has once again failed gain an injunction through court. The Krasnoyarsk Territory arbitration court has rejected the request for an injunction in a lawsuit brought by RUSAL against OJSC MMC Norilsk Nickel. The suit challenged the divestment of the OGK-3 generating company for a stake in Inter RAO.

Mining 101 workshop in Sydney and Perth

Join the Mining 101 workshop to gain a comprehensive but straightforward (no jargon) explanation of what the mining industry is, and how it works.

Mining 101 is aimed at people working in associated sectors (the financial community, lawyers, PR companies, equipment manufacturers, service providers, etc) who would benefit from an overview of mining, and be in a better position as a result to develop more business opportunities.

Sydney: Tuesday May 31st 2011, Radisson Paza Hotel
Perth: Tuesday June 14th 2011, Pan Pacific Hotel

Australian Junior unearths large zinc anomaly in Botswana

Mt. Burgess has identified a large zinc soil geochemical anomaly on its Kihabe-Nzuu base metals prospect in Botswana. Mt Burgess Mining NL (ASX: MTB), which has been actively exploring Botswana and Namibia for more than a decade -- initially for diamonds

Gold Fields to buy out Peruvian unit

Gold Fields (GFIJ.J: Quote), the world's fourth-largest listed gold miner, said on Tuesday it had offered to buy out the remaining shares of its Peruvian unit to boost the group's total production of the precious metal.

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.

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.