Copper Company News Directory

Focus Completes Purchase of JPQ

Focus Ventures Ltd. (TSXV:FCV) announced the completion of the US$5 million loan facility from lenders and the purchase of 70% interest in Juan Paulo Quay S.A.C. , the title holder of the Bayovar 12 concession, for US$4 million.

Lundin Resumes Mining at Candelaria Following Floods

Lundin Mining (TSX:LUN) has resumed mining and milling operations at its Candelaria mine following a temporary suspension on Wednesday. The miner had suspended operations due to heavy rainfall and flooding that affected power and access for the site.

Freeport McMoRan Slashes Dividend

Freeport McMoRan (NYSE:FCX) has cut its dividend by a whopping 84 percent citing low metals prices, according to Forbes. The dividend has dropped from 31 cents per share to 5 cents.

“Act of Vandalism” at Nevsun’s Bisha Mine Reported as Ethiopian Bombing by African Media

An article put out by the Financial Post on Monday stated that what Nevsun Resources (TSX:NSU) reported as an "act of vandalism" at its Bisha Mine was actually an attack by Ethiopian fighter jets, according to reports from African Media. Nevsun reported only minor damage of the mine, but media outlets from Ethiopia and Sudan both reported that the Ethiopian air force bombed the mine.