Copper price rallies after Grasberg violence

Analysts say the $1.5 billion share purchase will be useful if Vedanta fails to get a big response from minority shareholders for […]

The Indonesian government said on Sunday that state investment agency Pusat Investasi Pemerintah (PIP) would buy a 7 percent stake in Newmont Mining Corp's Indonesian unit, paving the way for an initial public offering for the unit in coming months.

Nautilus Minerals' (TSX:NUS)(AIM:NUS) plan to open a new frontier of seafloor resource production has taken a major step forward, with the formation of a strategic partnership with German shipping company Harren & Partner ("Harren"). A joint venture company (the "Vessel JV") is to be formed to own and operate a production support vessel which will serve as the operational base for Nautilus to produce high grade copper and gold ore at its first development project, Solwara 1, in the Bismarck Sea of Papua New Guinea ("PNG").

An organisation operating out of Dillon in Nevada has been formed as "Jewelers for Japan" to raise funds for the thousands of victims in Japan and it is asking jewelers and consumers to donate scrap gold and silver jewellery in lieu of cash. The refiner Rio Grande in Albuquerque, New Mexico will refine the gold and silver scrap without a fee with all proceeds going directly to the American Red Cross.

Australian coal miner Whitehaven Coal said a formal process to find a bidder for the company was nearing a conclusion and interested parties have completed due diligence. Whitehaven said on Wednesday it was in was in talks with the parties to decide which proposal, if any, would be recommended by its board

Indian infrastructure major Punj Lloyd on Monday announced that its Singapore-based subsidiary, Sembawang Engineers and Constructors, has entered into an agreement to acquire 50% stake in a thermal coal mine company in Indonesia. The Indonesian company is based in Central Kalimantan, Indonesia and the acquisition is to be done through Sembawang Development Pte Ltd, a unit of Sembawang Engineers, the company has informed the Bombay Stock Exchange.

Hundreds of Grasberg employees protested in front of the PT Freeport Indonesia offices for two days, refusing to go to work until their employer could guarantee their safety.

Gunmen killed two workers on Thursday at Freeport-McMoran Copper & Gold Inc's giant gold mine in Indonesia's Papua, a province with a simmering separatist movement. A Freeport company spokesman said the shooting by unidentified gunmen, which left the car the two workers were in a blazing wreck, did not affect production at the world's largest gold mine.

Indian-focused miner Vedanta Plc (VED.L: Quote) saw record aluminium production in its fourth quarter and a 29 percent jump in refined zinc from its Indian operations, helping it take advantage of rising metal prices.