Shares in Nevun Resources Ltd. fell off the cliff this morning after the company issued a press release saying its 2012 production estimate from its Bisha copper-gold mine in Eritrea is half of what the mine produced in 2011.
After months of speculations and secret negotiations, Xstrata PLC (LON:XTA) and Glencore International PLC (LON:GLEN) have formally announced an all-share merger that would create a $90bn giant named "Glencore Xstrata International PLC."
Two large Hitachi excavators are bringing advanced technology to an ancient copper mine in Cyprus. The ZX870LCR-3 and ZX470LCH-3 have been working at the site, which dates back more than 4,000 years, since early 2011. Cyprus was the main source for the...
EMED Mining (LON:EMED) climbed 14.88% today on news that the company has reached a $30 million funding arrangement with a new Chinese offtake partner respecting its Rio Tinto copper mine in Spain.
Chilean state giant Codelco, the world's biggest copper producer, will have to strive this year to match record 2011 copper production of 1.735 million tonnes, said CEO Diego Hernandez to the El Mercurio newspaper's Sunday edition.
Hint of significant gold and copper deposits have been found in Rajasthan, Karnataka and Uttar Pradesh, with the gold reserves believed to be world class.
Peru's domestic molybdenum and iron ore production experienced strong growth last year even as the country's precious and base metals production declined.
The Telegraph reports Chairman John Bond and CEO Mick Davis risk being voted off the board of Xstrata after being accused of negotiating "a cosy stitch-up" with Glencore and that other major shareholders have threatened to block the deal altogether if the Swiss commodities giant does not offer a "substantial premium."
