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Escondida Strike Driving Copper Prices Up

With the strike at BHP Billiton’s giant Escondida copper mine in the Atacama Desert, Chile continuing with no signs of abating the prices for copper continued to rise in London. Worldwide speculation over supply shortages are fueling prices right now rather than actual demand.

From BHP Billiton Plc 27 Jul 2011

Quadra FNX Mining Announces Jump in Q2 Production

Quadra FNX Mining said that there has been a 20% increase in the second quarter production for 2011. The combined payable production included 55 million pounds of copper, 27 thousand ounces of total precious metals and 2 million pounds of nickel.

26 Jul 2011

Lundin Mining Downgrades 2011 Production Guidance

Lundin Mining announced on Thursday that it was going to produce less zinc and copper than its 2011 guidance. This is mainly due to unpredictable mining rates in the Portugal based Neves Corvo mine as per the company.

From Lundin Mining Corporation 24 Jul 2011

Evrim Resources Proclaims Exploration Progress at Arroyo Amarillo Project

Evrim Resources has proclaimed that the exploration activity is in progress at the Arroyo Amarillo copper project in Mexico. Vale Exploration Canada funds and oversees the exploration work.

22 Jul 2011

Concordia Resources Reports Confirmation Sampling Results from Providencia Property

Concordia Resource has proclaimed that its subsidiary, Meryllion Minerals has released the confirmation sampling results of the recent exploration program at its Providencia silver-copper prospect in northwestern Argentina.

21 Jul 2011

Copper Advances to Three-Month High

Copper prices have been racing up over the last couple of years as the demand for the red metal far out reaches current supply. The base metal has seen its highest price in the last three months as both India and China compete for it.

20 Jul 2011

OZ Minerals Announces $200 million Share Buyback

OZ Minerals has confirmed a $200 million share buyback after announcing high copper and gold production from the Prominent Hill mine. The buyback is to take place after August 17, 2011 once the half year financial results are announced.

From OZ Minerals Limited 20 Jul 2011

Telferscot Resources Begins Exploration Activity in Democratic Republic of Congo’s Copper-Cobalt Rich Belt

A mineral exploration company based in Canada, Telferscot Resources has completed the acquisition process of 1830953 Ontario and has gained the right to its exploration projects located in Democratic Republic of Congo’s Kolwezi district.

20 Jul 2011

Glencore Acquires 70% Stake in Peruvian Copper Project

Glencore International has bought a stake in a mine in Peru for $475 million. The multinational mining and commodities trading company has acquired a 70% stake in Marcobre from the Hong Kong based copper mining company CST Mining Group.

19 Jul 2011

Indochine Mining Encounters Gold Mineralization at Kratie North Project

Indochine Mining has encountered gold mineralization from the initial hole of a drilling program across a broad interval at the Kratie North project, central Cambodia.

19 Jul 2011