Copper – Reuters reported that operations have been halted at Freeport-McMoRan Copper & Gold's Indonesian unit after a tunnel collapse killed four and trapped 25 others. As quoted in the Reuters report:
Copper – Last month's landslide at Utah's Bingham Canyon, one of the world's largest copper mines, triggered significant discussion on possible copper shortages. Brent Cook, veteran geologist and publisher of Exploration Insights, puts the landslide into perspective in this interview with The Metals Report. And for investors who want to dig out profit potential beyond the yellow metal, Cook gives us a byproduct primer and suggests base metals are a great way to diversify.
Copper – Mining Weekly reported that three workers were killed and more were missing after a training tunnel collapsed at the world's second-largest copper mine, located in Indonesia, owned by Freeport-McMoRan Copper & Gold Inc.
Copper – Turquoise Hill Resources (TSX:TRQ, NYSE:TRQ, NASDAQ:TRQ) announced their first quarter financial results.
Copper – Bloomberg reported that copper continued to rise on Monday, boosted by signs of strength gathering in major consumer China's demand. As quoted in the market report:
Copper – Mercator Minerals Ltd. (TSX:ML) announced financial results from the first quarter.
Copper – Bloomberg reported that copper, although on track for a third weekly gain, retreated on Friday on speculation that Chinese inflation may be on its way up.
Copper – Mineweb reported that private U.S. equity firm Carlyle is bidding for Rio Tinto's 80 percent interest in the Australian Northparkes copper mine.
Copper – Reuters reported that Rio Tinto is close to receiving approval from the Mongolian government to make copper shipments from their Oyu Tolgoi mine, which the company hopes to use to offset losses after a landslide at their Bingham Canyon mine.
Copper – Mining Weekly reported that Tiger Resources has taken important steps towards securing bridge financing worth $30 million after FirstRand Bank confirmed internal credit approval.
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