Kids' Summer Camps Jun 5, 2009
Peoples said the camp will prepare the Maroons for the Mining City Hit e Jamboree on Friday, June 12 at Copper Mountain Park ... Copperhead Volleyball Camp is June 29-July 1 in Memorial Gym in Anaconda. (Montana Standard, MT)
Alcan Packaging celebrates World Environment Day by launching its global Sustainability Moments(SM) campaign Jun 5, 2009
Major products are aluminium, copper, diamonds, energy (coal and uranium), gold, industrial minerals (borax, titanium dioxide, salt, talc) and iron ore. Activities span the world but are strongly represented in Australia and North America with significant businesses in South America, Asia, Europe and southern Africa. (Canada Newswire)
Exotic Quasicrystal May Represent New Type of Mineral Jun 5, 2009
A khatyrkite-bearing sample at the University of Florence in Italy was also found to contain granules of an alloy of aluminum, copper and iron that fit the quasicrystal bill. But the origin of such would-be minerals is a point of some contention among petrologists, scientists who study the structure and formation of rocks. (Scientific American)
China Seeks Smaller Stakes in Australia to Blunt Opposition, Lawyer Says Jun 4, 2009
The revised bid excludes the Prominent Hill copper and gold mine in Australia, the Martabe operation in Indonesia and stakes in some publicly traded companies, Melbourne-based OZ Minerals, the worlds second-biggest zinc mining company, said on March 31. Im sure initially some advisers said dont be too aggressive, Philips said in an interview in Hong Kong. (Bloomberg -- Australia & New Zealand)
OZ Minerals Says Minmetals' $1.2 Billion Recapitalization is Best Offer Jun 4, 2009
Minmetals, Chinas biggest metals trader, is seeking to complete the purchase of OZ Minerals assets next month, giving it control of the worlds second-biggest zinc mine and supplies of copper, gold and nickel. OZ Minerals agreed to the sale in April after the Australian government rejected a full takeover bid by Minmetals. (Bloomberg -- Australia & New Zealand)
Santa Fe Metals Corp. Grants Stock Options Jun 3, 2009
Santa Fe Metals Corp. is a diversified base and precious metals explorer with near-term copper production plans on its Cuatro Cienegas property ... Typically these form as chimneys with tonnages in the 10-13Mt range and grades of 2-20%+ combined lead and zinc, 60-600 g/t silver, trace to 2% copper and trace to 6g/t gold(1). (CCNMatthews Press Releases)
African Copper Plc: Settlement of Natasa Mining Ltd ("Natasa") Claims and Withdrawal of Provisional Liquidation Petition in Botswana Jun 3, 2009
Press Release Source: African Copper PLC ... LONDON, UNITED KINGDOM--(Marketwire - June 3, 2009) - African Copper PLC (AIM:ACU)(BOTSWANA:AFRICAN COPPER) ('ACU') is pleased to announce that it has settled in full all the claims of Natasa against its subsidiary Messina Copper (Botswana) (Pty) Ltd ("Messina") and Matsitama Minerals (Proprietary) Limited ... ACU is involved in the exploration and development of copper deposits in Botswana and is currently developing its first copper mine at the... (CCNMatthews Press Releases)
China approves OZ purchase Jun 3, 2009
"With all other conditions precedent now met, we now look forward to putting this vote to shareholders at our AGM (annual general meeting next week,'' Mr Cusack said. Mr Swan originally blocked the asset sale on national interest grounds, because the Prominent Hill copper and gold mine, near a weapons-testing range in South Australia, was part of the deal. The company retained Prominent Hill under the revised agreement that has been given government approvals. OZ Minerals needs the funds from... (Sydney Morning Herald -- Business)
East Asia Minerals Finalizes Private Placement Terms Jun 3, 2009
East Asia Minerals will use the proceeds of the offering for further exploration of the Miwah Gold Project, including the initial drill program previously announced (see April 20, 2009 news release), advancement of it Indonesia gold and copper portfolio, and unallocated working capital ... Miwah demonstrates many features of the shallow part of a high-level high sulphidation ("HS") epithermal gold system, including intense acid leaching, strong structural and lithological permeability controls... (CCNMatthews Press Releases)
First Point Doubles the Size of Decar Nickel Project to 132 Square Kilometres Jun 2, 2009
24% nickel-iron alloy which occurs as disseminated grains that average 75% nickel, 23% iron and minor amounts of cobalt and copper. Two main targets have been identified on the property within an area measuring 4,500 meters by 1,300 meters that contains visible disseminated grains of nickel-iron alloy. (CCNMatthews Press Releases)
Infertility and Nutritional Deficie... Jun 2, 2009
Regardless of common belief, copper can cause fertility problems when it is toxic and deficient. Copper has an affinity with oestrogen in that oestrogen can increase copper tissue levels ... Women who have been taking the oral contraceptive pill may have difficulty conceiving due to the synthetic oestrogen increasing the copper levels. (Suite101.com)
Decline in Uranium Stockpiles Will Benefit BHP, Areva, Cameco, IAEA Says May 30, 2009
Equinox Minerals Ltd., owner of Africas biggest copper mine, said May 26 it would reassess a shelved $200 million uranium treatment plant in Zambia after prices rebounded. The Vienna-based IAEA is promoting uranium exploration from China to the Democratic Republic of Congo as governments seek to generate power without adding to greenhouse gases, blamed for global warming. (Bloomberg -- Canada)
Festival or mineral: sponsorship tension May 29, 2009
"Because, of course, whether you have realised it or not there are secret elements of mining in your art form - the steel, copper and glass for cameras, and editing equipment. Electricity for lights and microphones, carbon-based materials in telephones and DVDs.". A month earlier, farmers at a food festival in Orange, also sponsored by the Minerals Council, were told they were inextricably linked to mining. (Sydney Morning Herald -- Entertainment)
GlobeStar Provides Update on Exploration May 29, 2009
- Sulphide mineralization has been intersected in two drill holes located directly northwest of GlobeStar's Cerro de Maimon copper-gold mine (the "Cerro de Maimon Mine") ... GlobeStar's Bayaguana district consists of 72 square kilometres of mineral concessions located approximately 60 kilometres east of the Cerro de Maimon Mine and hosts three geologically important copper and gold deposits ... GlobeStar Mining Corporation is a Canadian based mining and exploration company producing copper, gold... (CCNMatthews Press Releases)
State: Montana exports up in 2008 May 28, 2009
One exception was copper, which saw a decline of 77 percent. Civil Dialogue. (Montana Standard, MT)
Botswana: Investors Return to Mining Shares May 27, 2009
After succumbing to profit taking last week, African Copper rebounded to close the week at 121thebe in line with its movements on the London alternative exchange AIM of 10 ... De-listing from the Canadian bourse is a condition of the closing of its previously announced funding by Zambia Copper Investment Limited, but its listing on the BSE and AIM will continue ... 7 percent to 160thebe after the company announced it had obtained more positive results from its diamond drill holes at the Plutus... (allAfrica.com)
Troy Mine cancels layoff warning May 27, 2009
Last winter, company officials informed the 185 workers at Troy that the silver and copper mine could close by mid-February ... Copper, he said, has bounced to about 2 ... If inputs fuel and steel and labor, among others remain stable, Shanahan believes Troy Mine could operate even if copper fell below 2, and silver to 12. (Missoulian, MT)
FIRB approves OZ Minerals' Martabe sale May 27, 2009
The deal excludes the Prominent Hill gold and copper mine in South Australia and Martabe. Shares in OZ Minerals were up 5. (Sydney Morning Herald -- Business)
INTERVIEW-Muslim rebels warn violence in Philippines spreading May 27, 2009
Nearby mountains contain abundant deposits of copper, gold and other minerals. Experts say Mindanao could have $1 trillion worth of untapped natural resources. (AlertNet)
Rich display of minerals and gems at Bisbee show May 24, 2009
You can find the copper minerals all over Arizona, he said ... Telemedicine program at Copper Queen Hospital adds cardiology unit. (Sierra Vista Herald, AZ)
Slouching towards balkanization May 22, 2009
Reko Diq is the home of the world's largest gold and copper reserves, reportedly worth more than US$65 billion ... Reko Diq is being explored by the Australian Tethyan Copper Company (75%), which sold 19. (Asia Times Online)
TSX Venture Exchange Daily Bulletins for May 19, 2009 May 20, 2009
TSX-X ---------------------------------------------------------------------------- BELL COPPER CORPORATION ("BCU") BULLETIN TYPE: Shares for Debt BULLETIN DATE: May 19, 2009 TSX Venture Tier 2 Company Further to the bulletin dated March 4, 2009 with respect to the issuance of shares to settle accrued interest owed to Macquarie Bank Limited and the modification of the Demand Debenture in the principal amount of $2,000,000, TSX Venture Exchange has accepted for filing the Company's proposal to... (CCNMatthews Press Releases)
South Elementary School fifth-graders visit NC caverns May 20, 2009
Gems and minerals that can be found in the mines include aquamarine, copper, emerald, garnet, gold, iron, moonstone, quartz, soapstone and a variety of others that students were able to take home to remind them of their trip. "Fifth-graders study landforms, weather, forces in motion and animal biomes and this trip really focused on all of those from the cloud formations over the mountains, to how the mountain trout live in the cold water of the caverns, to how the streams form valleys and how... (Yanceyville Caswell Messenger, NC)
Minmetals gets Chinese nod for OZ Min May 18, 2009
The Prominent Hill copper and gold mine in South Australia will become OZ Minerals' sole asset following the sale of its other projects to Minmetals and China Sci-Tech Holdings Ltd.. The deals offer debt-laden OZ Minerals a financial lifeline, given its debt of about A$1 billion (US$750. (Sydney Morning Herald -- Business)
OZ Minerals lifts Prominent Hill estimates May 18, 2009
Shares in OZ Minerals rose after the miner announced an increase in resources at its Prominent Hill copper and gold mine in South Australia ... OZ Minerals said resources at its Western Copper deposit had increased 32 per cent to 245,000 tonnes of contained copper ... OZ Minerals describes Western Copper as its most promising near-mine deposit identified to date. (Sydney Morning Herald -- Business)
Andes Mountains Older Than Previously Believed May 17, 2009
9, 2008) Deposits of undiscovered copper, molybdenum, gold and silver may be present in the Andes Mountains of South America, according to a new scientific. (June 6, 2008) Mountains may experience a "growth spurt" that can double their heights in as little as two to four million years -- several times faster than the prevailing tectonic theory. (Science Daily)
Energy & Minerals Plans to Raise Funds for West Australia Uranium Project May 16, 2009
These include copper, cobalt, nickel and zinc. . (Bloomberg -- Australia & New Zealand)
Wizened OZ share price riles market May 16, 2009
1 billion Prominent Hill development and an expansion of the Sepon copper operation in Laos. The company did not inspire any confidence with its response to the stock exchange query on the collapse of its share price yesterday. (Sydney Morning Herald -- Business)
Zimbabwe: 'Zim Safe for Investment' May 14, 2009
"Our country is endowed with natural resources. These range from coal, chrome, iron ore, copper, platinum, gold and diamonds. A lot of gold has been dug but there are still lots of claims yet to be exploited.". President Mugabe said modern equipment is required to extract the minerals. (allAfrica.com)
FNX Reports First Quarter Results May 14, 2009
Terry MacGibbon, Chairman and CEO of FNX noted that, "Faced with the unprecedented and rapid deterioration of global markets in general and the mining sector in particular during the second half of 2008, FNX took prudent and decisive actions late in 2008, including suspending nickel production and reducing its work force by nearly 45%. FNX also implemented a policy for 2009 of strict controls on capital, operating and corporate expenditures, preserving a strong balance sheet with zero debt,... (CCNMatthews Press Releases)
Canadian Stocks Decline as EnCana, Suncor Lead Retreat in Energy Shares May 12, 2009
Copper producers also retreated ... Copper prices fell for the third straight session in New York on signs that demand may ease in China, the worlds biggest user of industrial metals ... a Toronto-based producer of zinc and copper in Europe, slumped 12 percent to C$2. (Bloomberg -- Canada)
HudBay to sell Lundin stake for $236-million May 12, 2009
Lundin's stock has more than tripled since the deal collapsed in February, as the company has worked to solve liquidity problems, while rebounding prices of copper, zinc, and nickel have burnished the appeal of its base metal assets in Europe and Africa. (). (Globe and Mail -- Business)
CIM Announces John T. Ryan Safety Award Recipients May 12, 2009
Vale Inco's Copper Cliff North Mine received the national award in the Metal Mine category, PotashCorp's New Brunswick Division received the award in the Select Mine category, and Sherritt Coal's Sheerness Mine received the award in the Coal Mine category. "Winning this award is very meaningful to us at North Mine. It's a big part of our culture and of who we are," said Jason Simpson, Manager of Vale Inco's Copper Cliff North Mine in Sudbury, Ontario. (Canada Newswire)
Northgate Minerals Generates Cash Flow from Operations of $45.2 Million in the First Quarter May 8, 2009
Northgate's cash flow from operations includes cash proceeds of $19,182,000 from the early settlement of 9,000 tonnes of copper forward contracts ... Ken Stowe, President and CEO, stated: "Strong financial results were achieved from our operations during the first quarter, as we beat the forecast for both gold and copper production, generating excellent cash flow from operations of $45 million. Kemess performed extremely well during the quarter, exceeding our expectations for production and... (Canada Newswire)
Candente and Canaco Transfer El Oro to Candente Gold Corp. May 8, 2009
Candente Resource Corp. will change its name to Candente Copper Corp. and retain the Canariaco project and several other of its predominantly copper and/or other base metal exploration properties in Peru ... Candente's Management Team and Board of Directors are senior mining industry executives with a track record in the discovery and development of copper, gold and silver deposits. (CCNMatthews Press Releases)
Zambia: Copper Mine Cuts More Jobs May 7, 2009
MOPANI Copper Mines (MCM) has laid off more than 900 employees from its Mufulira and Nkana shafts to further reduce costs and will now maintain a workforce of 7,500 permanent employees ... Mr Munyenyembe said it was unfortunate that MCM had gone ahead to retrench workers when copper prices had improved ... Mr Liato said MCM had not notified the Government on the reported retrenchments and that he received a phone call from some concerned people on the Copperbelt who notified him. (allAfrica.com)
Students in Oxford Exploring Worldof Geology in Class May 6, 2009
Only, it wasn't gold they were extracting, but stones like obsidian, leopard skin, peacock copper, moonstone, red jasper and raspberry quartz ... When asked what rock impressed her most, Madison Hotchkiss said she preferred a tiny brilliant blue peacock copper. (Voices, CT)
OZ Minerals chief defects to suitor May 5, 2009
All of OZ Minerals' assets excluding its large, prized Prominent Hill gold and copper mine in South Australia, and Martabe gold and silver project in Indonesia, will be transferred to Minmetals. The sale will pay off all OZ Minerals' debt and place it $500 million in the black. (Sydney Morning Herald -- Business)
OZ Minerals CEO Michelmore to Resign to Join Minmetals After Asset Sales May 5, 2009
OZ Minerals, whose biggest asset will be the Prominent Hill copper and gold mine if the sale is approved, 3. 1 percent to 82 cents at the 4:10 p.m. Sydney time close on the Australian stock exchange. (Bloomberg -- Australia & New Zealand)
Douglas Lake Minerals Inc. Addresses Canadian Technical Information Disclosure With the British Columbia Securities Commission May 2, 2009
The Company has a portfolio of gold, copper, nickel, uranium and diamond prospecting licenses. For more information, go to. (Primezone Releases)
Mushrooms Are A True Health Food May 2, 2009
Mushrooms are high in minerals such as potassium which helps to reduce the risk of stroke and is also a contributor to lowering high blood pressure, and copper which contributes to cardio health. Mushrooms are also a source of riboflavin, niacin, and the antioxidant selenium. (Suite101.com)
Banyan: Australia's Chinese entanglement May 1, 2009
In March Australia blocked China Minmetals acquisition of OZ Minerals, a copper and gold producer, on security grounds. A ruling over an even bigger deal is pending, having been delayed until mid-June. (The Economist)
Banks extend OZ Minerals credit lifeline May 1, 2009
"The Minmetals transaction is currently the only complete solution to our refinancing issues,'' he said. The deal will see OZ Minerals sell nearly all its assets to Minmetals except the Prominent Hill gold and copper mine in South Australia, and the Matarbe gold and silver mine in Indonesia. Australian Treasurer Wayne Swan had earlier refused to let Prominent Hill be sold to the Chinese company on national defence grounds, because it was located in the Woomera Prohibited Area. The Matarbe mine... (Sydney Morning Herald -- Business)
Japan Shares Rise as Itochu, Canon Spur Earnings Optimism; Australia Drops May 1, 2009
Copper futures for July delivery climbed 2. 1 percent in New York. (Bloomberg -- Asia)
Ten top superfoods May 1, 2009
A serving size of a half cup of beans contain large amounts of iron, phosphorous, magnesium, manganese, potassium, copper, calcium, zinc and fibre. Health benefits. (iAfrica.com)
Newmont Generates First Quarter Net Cash From Continuing Operations of $387 Million ($0.82 per share); Maintaining 2009 Outlook Apr 30, 2009
Lower copper prices, in particular, negatively impacted our earnings and cash flow. One the positive side, lower than expected diesel costs and Australian dollar exchange rates resulted in lower than expected costs applicable to sales. (Canada Newswire)
Rocher Deboule Receives NI 43-101 Manganese Resource Estimate for Artillery Peak Arizona Apr 30, 2009
25/lb reflecting a much smaller price decline than copper, zinc, lead and molybdenum ... 3 billion lbs/yr) after iron, aluminum and copper. (CCNMatthews Press Releases)
Australia Stocks: ANZ, BHP Billiton, OZ, Rio Tinto, Tabcorp, Westfield Apr 30, 2009
2 percent yesterday after JPMorgan Chase & Co. said BHP Billiton Ltd. could buy OZ Minerals to secure copper and uranium for its Olympic Dam project in Australia. (TAH AU), Australias biggest gaming and entertainment group, rallied 6 percent to A$7. (Bloomberg -- Australia & New Zealand)
Northland Resources Inc.: Pellivuoma Resource to Extend Life of Planned Kaunisvaara Mill Complex Apr 29, 2009
Copper and iron were analyzed by Sodium Peroxide Fusion multi element analysis, ICP-AES Method ME-ICP81 ... Northland is preparing to supply iron, copper and gold to Europe's metal-hungry markets. (CCNMatthews Press Releases)
Zambia: Job Losses in the Mining Sector [editorial] Apr 28, 2009
Emerging economic giants such as China and India have slowed down their purchases of raw materials in form of copper and other minerals, resulting in plummeting prices of the metal on the international market ... Thus, the Patriotic Front (PF)'s plan on the Copperbelt to engage in demonstrations over the job losses in the mining industry is not only misplaced but also unrealistic ... The Government has further taken steps to attract other investors to take over the running of Luanshya Copper... (allAfrica.com)
Alexis Minerals Recognized With Two Awards by the Val d'Or Chamber of Commerce Apr 28, 2009
Alexis undertakes exploration in the mineral rich Val d'Or (100% ownership of 212 sq. km.) and Rouyn-Noranda Mining Camps (50% ownership of 785 sq.km and in joint venture with Xstrata Copper). There are currently two drills active underground at Lac Herbin and two surface drills active in surface exploration in Val d'Or. (CCNMatthews Press Releases)
Happy Creek's First Results From West Valley Property, B.C. and Options Granted Apr 28, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2009) - Happy Creek Minerals Ltd. (TSX VENTURE: - ; the "Company") is pleased to provide results from its first reconnaissance of the 100% owned West Valley property that is approximately 91 square kilometres in area and adjoins the south western side of Teck's Highland Valley copper mine property in south central British Columbia, Canada. The Valley, Lornex, Bethlehem and Highmont deposits have made Highland Valley one of North America's... (CCNMatthews Press Releases)
Transcript of the African Finance Ministers Press Briefing Apr 28, 2009
But, more specifically, Zambia is a major mining country exporting copper. And, as the price of copper fell, just like the prices of many commodities, we saw a number of mining companies closing or shedding of labor. (IMF News)
China may be putting money on the table, but is that enough? Apr 19, 2009
Puzzled by strong rises in commodity prices since the start of the year for example, copper is up 50 per cent the mining industry has twigged that China is hoovering up available stocks of key metals at what remain relatively low prices. Put simply, China appears to be stockpiling the resources it needs for the longer term. (Sydney Morning Herald -- Business)
Troy Mine seeing light at the end of its tunnel Apr 18, 2009
Last winter, Revett management informed the 185 miners at Troy that the silver and copper mine could close by mid-February ... Copper has bounced to about 2. (Missoulian, MT)
Yukon-Nevada Gold Corp. announces new board member and resignation of Chairman Apr 18, 2009
The Company holds a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia in Canada and in Arizona and Nevada in the United States. The Company's focus has been on the acquisition and development of late stage development and operating properties with gold as the primary target. (PR Newswire)
Tradeshow Marketing Company Proposes to Acquire Precious Metals Recycling and Refining Company; Announces Signing of Letter of Intent Apr 18, 2009
The company primarily purchases gold, silver, and copper from recycling retail customers' jewelry, coins, electronic components, and heirloom collectables. It also offers recycling services for other precious metals, such as platinum and palladium. (PR Newswire)
Alcan deal watchers packed to the rafters Apr 17, 2009
Ivanhoe will focus on bigger gold and gold-copper finds, leaving Emmerson in control of deposits with less than 250,000 ounces of resources ... It has $50 million in the bank, having spent $68 million proving up copper, gold and molybdenum projects in Queensland over the past two years. (Sydney Morning Herald -- Business)
Copper rises 40% and raises hopes of turnaround Apr 15, 2009
COPPER producers have been cushioned from the recession by a surge in the base metal's price of more than 40 per cent this year. Copper's central role in such heavy industrial activity as power and construction has led some economists to view the surge as a sign of a commodities revival ... Aditya said it had no specific reasons for the surge but referred to the meteoric rise in the price on the London Metal Exchange, where copper has outperformed aluminium and zinc. (Sydney Morning Herald -- Business)
Australia miner agrees China sale Apr 14, 2009
7bn offer on security concerns over a copper and gold mine. Chinese firms have made a number of bids for Australian mines recently. (BBC News -- Business)
Zambia: State Warns Against Stripping Mines Apr 13, 2009
Mines Minister, Maxwell Mwale, said in an interview in Lusaka yesterday that the ministry had offices both in Lusaka and the Copperbelt where such matters could be handled. "The issue here is that let us be organised and alert. If there is anyone who wants to move equipment let them engage my ministry either on the Copperbelt or Lusaka," Mr Mwale said ... Mr Mwale was reacting to impounding by the police in Kitwe of three trucks carrying mining equipment suspected to have been stripped from... (allAfrica.com)
Interior secretary to visit Alaska Apr 13, 2009
Salazar is hosting a similar meeting Monday in Dillingham, where several groups say they plan to ask him to reverse a Bush administration decision to allow mining claims on federal land downstream of the massive copper and gold Pebble prospect. Salazar holds huge sway over Alaska, as his department controls most of the land in the state. (Anchorage Daily News)
A trust in oil stocks results in gushers Apr 12, 2009
And that's not good for Mr. McKenzie-Brown, who not only owns shares, but also has some options in the Calgary-based copper and gold explorer. The drop, he says, is despite the fact it has had some very successful exploration programs in New Brunswick. (Globe and Mail -- Business)
International Royalty restructures holding of certain royalties for enhanced cash flow Apr 10, 2009
99% interest in the Labrador Nickel Royalty Limited Partnership, the entity owning the 3% NSR on the Voisey's Bay nickel-copper-cobalt operation ... 5% NSR on the Las Cruces copper project in Spain and a 1. (PR Newswire)
Don't ban Chinese investment: Crean Apr 9, 2009
" Senator Joyce has appeared in a national television campaign against Chinalco's bid to buy a $27.69 billion stake in resources giant Rio Tinto. Treasurer Wayne Swan announced last month the government would not endorse aspects of China's Minmetals' $2.6 billion bid for OZ Minerals if a South Australian copper and gold mine near a weapons-testing range was included in the deal. But the Rudd government has indicated the rejection of the OZ Minerals takeover would not affect the Chinalco offer... (Sydney Morning Herald -- Australia)
