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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

Kimberley Metals Completes Initial Sales Agreement for Mineral Hill Mine

Kimberley Metals has reported that following the receipt of interest expressions from several parties for the off take of the copper concentrate from the Mineral Hill mine, the company is presently completing a preliminary sales agreement for six months. Penfold is supporting the company in this process.

19 Jul 2011

Mutiny Gold Completes Successful Capital Raising

Mutiny Gold is a exploration and development company that focuses on gold, copper and nickel tenements in Western Australia. The company completed a capital raising for funds to drill at the Deflector Gold Deposit located in the Gullewa Gold Project.

18 Jul 2011

Viking Minerals Completes Review of Dolly Varden Gold and Copper Property

The Viking Management and the Technical team of Viking Minerals have finished a detailed review of the data gathered from its Dolly Varden Gold and Copper property located in Elko County Nevada. Early results of the review necessitate investment and assertive exploration.

18 Jul 2011

Caribou Copper Resources, Alix Resources Begin Drilling at Corky Property

Caribou Copper Resources and Alix Resources have begun the drilling program at the Corky property, which is situated 125 km northwest of Haines Junction in Yukon’s Whitehorse Mining District.

18 Jul 2011

Calibre Mining Receives Primary Sampling Results from Borosi Concessions in Nicaragua

Calibre Mining has released the primary sampling results from the surface exposures and trenches from the region around the significant Santa Rita open pit mine.

From Calibre Mining Corp. 15 Jul 2011