Jul

9

Vale to invest $400m in Zambia’s Konkola North copper project

July 9, 2010 | Leave a Comment

LUSAKA – Brazilian firm Vale plans to invest $400-million in Zambia’s Konkola North copper project, expected to start producing copper by 2013, executive director Eduardo Ledsham said on Thursday. Ledsham said while visiting Zambia, Africa’s largest copper producer, that the Konkola North project, Vale’s joint-venture project with African Rainbow Minerals was the first of other projects [...]

Feb

18

Goldcorp/New Gold close El Morro copper/gold project deal, but Barrick will still sue..

February 18, 2010 | Leave a Comment

Barrick Gold (ABX.TO) will push ahead with a lawsuit to break up Goldcorp’s (G.TO) acquisition of most of the El Morro project in Chile from New Gold (NGD.TO), even though the transaction closed this week, a Barrick official said on Wednesday. Barrick, the world’s largest gold miner, agreed in October to buy a 70 percent [...]

Feb

8

Sandfire Resources reports further excellent assay results at DeGrussa Copper-Gold Project..

February 8, 2010 | Leave a Comment

Shares in Sandfire Resources (ASX: SFR) have jumped another 18c after the company announced the final assay results from its diamond drilling programme at the DeGrussa Copper-Gold Project, with calculation of the maiden JORC resource estimate on track for completion by mid-February 2010. Investors appeared to react to the news, with shares in the company [...]

Jan

27

Chinalco wants to buy copper mines..

January 27, 2010 | Leave a Comment

China plans to cash in on the soaring copper price by using its substantial reserves to snap up global assets while prices are low. Lu Youqing, vice-president of Aluminium Corp of China (Chinalco), said that the state-owned group was studying worldwide copper resources to identify the best investment opportunities. “Copper is our next main development [...]

Jan

13

Pakistan to cancel $3bn Barrick, Antofagasta-owned copper-gold project..

January 13, 2010 | Leave a Comment

A Pakistani provincial government plans to cancel a $3 billion joint venture copper and gold project owned by Canada’s Barrick Gold (ABX.TO) and Chilean copper miner Antofagasta (ANTO.L), a provincial mining official said on Tuesday. The two companies are partners in the Tethyan Copper Co (TCC) joint venture, which has a 75% interest in the [...]

Jan

8

Australia approves China’s $498m bid for Indophil..

January 8, 2010 | Leave a Comment

JOHANNESBURG  – The Australian Foreign Investment Review Board (FIRB) has approved China’s Zijin Mining’s $498-million bid for Australian-miner Indophil Resources. Zijin has already agreed to buy a 19,99% stake in Indophil from Swiss-based miner Xstrata. Indophil owns a 34,23% stake in the $5,2-billion Tampakan copper and gold project in southern Philippines, controlled by Xstrata. The [...]

Jan

8

Goldcorp to Buy 70% of Chilean Copper-Gold Project.

January 8, 2010 | Leave a Comment

Goldcorp Inc., the world’s second- largest gold producer, agreed with New Gold Inc. on transactions that will give it control of a Chilean project and block a bid by Barrick Gold Corp. Goldcorp will advance New Gold $463 million to allow New Gold to acquire a 70% interest of the project from Xstrata Plc, the [...]

Dec

22

Sandfire Resources completes drilling at Doolgunna Copper-Gold Project

December 22, 2009 | Leave a Comment

Sandfire Resources (ASX: SFR) shares shot up 11c as the company prepares to wrap up its 2009 diamond drilling programme at the Doolgunna Copper-Gold Project in Western Australia, with the latest results continuing to reinforce the quality of the high-grade VMS deposits at Conductor 1, DeGrussa and Conductor 4. Following the announcement, shares in Sandfire [...]

Dec

18

Herencia Resources’ Michael Bohm talks about developing a low risk zinc-silver-lead project in Chile

December 18, 2009 | Leave a Comment

Herencia Resources plc is a resources company listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange with a focus on South America. The Company has the advanced zinc-lead-silver-gold Paguanta Project in northern Chile.  An initial drilling program in 2006 confirmed a significant mineralised zone. Following a second drilling campaign in mid-2007, Herencia [...]

Dec

11

Talisman buys copper/gold exploration project in W Australia

December 11, 2009 | Leave a Comment

JOHANNESBURG (miningweekly.com) – ASX-listed explorer Talisman Mining has further expanded its copper/gold exploration portfolio in Western Australia’s Bryah Basin, after reaching agreement to acquire a tenement located immediately south-west of Sandfire Resources’ Doolgunna project. Talisman acquired a 100% interest in the Halloween copper/gold project from private prospectors Max Pedri and Keith Scudds for a combination [...]

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