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| 3 Dec 2008 | Copper | ► | Gold ends at two-week low as dollar strengthens Gold futures fell Wednesday to close at their lowest level in nearly two weeks, as the U.S. dollar rose against its major rivals, reducing the metal's appeal as an alternative investment.... more ► |
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| Zambia's mining tax take at a trickle as copper prices tumble Lusaka- Copper-rich Zambia will fall far short of its target of raising half a billion dollars in mine taxes this year because of the significant drop in international copper prices caused by the... more ► |
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| LME metals hit multi-year lows on poor demand prospects ... more ► |
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| China to resume copper tolling soon Bejing has approved, in principle, the resuming of tax-free tolling for imported copper concentrates... more ► |
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| Freeport-McMoRan to cut copper production, suspend annual dividend Freeport-McMoRan Copper & Gold Inc. (FCX) announced that it would reduce Copper Production and Sales by about 200 million pounds in 2009 and by about 500 million pounds in 2010 compared with October... more ► |
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| Aluminium at 4-yr low as stocks rise, demand sags ... more ► |
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| Cochilco to spend USD 5.1 million in 2009 to boost sector BNamericas reported that Chile's state copper commission Cochilco will have a USD 5.1 million budget in 2009 to spend on implementing a more aggressive approach to boost the red metal sector in times... more ► |
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| Japan's top copper producer may cut output on weak demand Nippon Mining Holdings Inc, Japan's top copper producer, said it is thinking of curbing copper output by 10-20 percent due to weak demand, which it said would be its first deliberate cut in at least... more ► |
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| Oceana Gold mothballs Philippines mine New Zealand's biggest gold miner is mothballing its huge gold-copper mining site at Didipio in the northern Philippines province of Nueva Vizcaya... more ► |
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| Panic guides global copper slump, prices to stay low Panic, not fundamental supply and demand, is behind a global copper slump that saw prices for the red metal beaten from record highs to three-year lows in the space of a few months, a top industry... more ► |
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| Shanghai aluminium hits 15-yr low on demand outlook Shanghai aluminium fell more than 2 percent to a 15-year low on Wednesday, extending the previous session's limit fall, after a Chinese consultancy said domestic demand growth for the metal would... more ► |
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| Failed bidding for gold, copper site A government bidding for a potential gold and copper mine site on Mount Diwalwal in southern Philippines failed on Wednesday when no investor turned in an offer, a senior state official said... more ► |
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| 2 Dec 2008 | Gold rises as falling dollar increases appeal Gold futures rose Tuesday, after losing the most in nearly nine months in the previous session, as a weakening U.S. dollar raised the metal's appeal as an alternative investment.... more ► |
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| US copper ends down as slow economy taints outlook U.S. copper futures fell further on Tuesday as slowing economic growth showed no signs of waning, but traders said light volume and narrow price ranges meant most participants were waiting for... more ► |
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| LME metals down, aluminum lowest since July 2005 Base metals on the London Metal Exchange continued to fall Tuesday as the bleak macro-economic outlook weighed on prices... more ► |
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| Morgan Stanley quietly builds its stake in OZ Minerals INVESTMENT bank Morgan Stanley has emerged with a key stake in OZ Minerals amid increasing speculation about the future of the struggling miner... more ► |
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| Mercator Minerals commences producing copper-moly concentrates at its Mineral Park Mine Mercator Minerals Ltd. ("Mercator") is pleased to announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than... more ► |
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| Quadra may shut mine if low copper prices persist Falling copper prices have been a huge headache for Quadra Mining Inc. and it could get worse, says UBS analyst Onno Rutten... more ► |
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| Norilsk Nickel sees steady copper, nickel output for 2009 Russia’s metals giant GMK Norilsk Nickel will slash expenses by 10 percent next year, including through the staff reduction. The company will lower funding of investment projects by 24 percent in... more ► |
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| PNG's Ok Tedi copper mine output sold out in 2008/09 Production is fully sold out in 2008 and 2009 at Papua New Guinea's giant Ok Tedi copper mine, the mine's managing director said on Tuesday... more ► |
