KGHM Polska Miedz SA signed an agreement with power group Tauron Polska Energia SA to build a coal-fired plant after 11 months of talks, as Poland’s sole copper producer seeks new revenue sources. Lubin, Poland-based KGHM, the producer of the metal with the largest European mine output, and Tauron, Poland’s second- largest power group, agreed [...]

The four employees of mining giant Rio Tinto charged with taking bribes and stealing commercial secrets appealed for lenient punishment in court on the second day of their trial after pleading guilty to bribery charges, their lawyers said on Tuesday. Zhang Peihong, a lawyer for one of the accused, said Australian Stern Hu and three [...]

Copper prices were steady today as investors weighed signs of economic recovery against a stronger dollar worries over debt problems in the euro zone. “The Eurozone is a problem, it might have economic repercussions but for the moment there are still signs of recovery,” said BaseMetals.com analyst William Adams. Investors were waiting for an EU [...]

PERTH  – ASX- and Aim-listed nickel explorer Rusina Mining has been granted two additional environmental compliance certificates (ECC) for its Acoje nickel chromite project, in the Philippines. An ECC, which was issued the Philippines’ Department of Environment and Natural Resources (DENR) through the Environmental Management Bureau (EMB), is the principle permit for mining operation within [...]

LME Inventories Update: Copper -1625 Lead +400 Zinc +600 Nickel -342 Alu -6550 Tin +25.

Citic Pacific Ltd., an investment company backed by China’s cabinet, said it will sell its entire 65 percent stake in Shijiazhuang Iron & Steel Co. for 1.58 billion yuan ($231 million). Citic is selling the stake to Hebei Iron & Steel Group Co. before the Shijiazhuang company’s pending move to outside the city center for [...]

Wednesday March 24 12:17 PM Perth, Australia, Mar 24, 2010 – Universal Resources Limited (ASX: URL.AX) today announced positive drilling results from the Company’s 100%-owned Roseby Copper Project (“Roseby”) near Mt Isa in Queensland, Australia. Results include: BCD859: 235m at 0.45% copper or 315m at 0.37% copper both from 2m depth using 0.1% cut-off grade. [...]

India copper futures are expected to open higher in early trade on Tuesday tracking firm international markets, analysts said. Shanghai copper rose nearly 1 percent on Tuesday and London copper edged higher, supported by a rebounding euro, but prices are likely to remain in a narrow range as investors wait for clear direction. The most-active [...]

PERTH – Australian tungsten developer Hazelwood Resources has acquired a 60% stake in Hong Kong-based Asian Tungsten Products Company (ATC), which is developing a downstream ferrotungsten processing facility in Vietnam. Hazelwood will pay $825 000 to acquire a 60% stake in ATC and will fund 60% of the capital expenditure for the plant as well [...]

LME Inventories Update: Copper -900 Lead +375 Zinc +525 Nickel -42 Alu -8450 Tin +25.

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