Quaterra Resources Inc. announced that Tetra Tech, Inc. of Golden, Colorado, has completed a NI43-101 compliant independent resource estimate for its 100%-owned MacArthur Copper Project in Lyon County, Nevada. For full story, click here
African Copper said it will suspend production at its Mowana copper mine in Botswana for at least three weeks while it holds talks to raise up to $15 million for its working capital needs. For full story, click here
Many existing producers also have shut down or curtailed output at mines and plants as high costs and low prices bite. For full story, click here
Freeport-McMoRan Copper said it would reduce mining and crushed leach rates by 50 percent, compared with a 25 percent curtailment announced in December, along with a series of other operating reductions and deferred start-ups. For full story, click here
Copper accounts for about 70 percent of Zambia’s export income. Companies including First Quantum Vedanta and Glencore International AG operate in the country. For full story, click here
may cut taxes on mining companies in its annual budget this week as the global financial crisis saps demand for copper, the country’s main export, the Chamber of Mines said. For full story, click here
Mining giant Freeport McMoRan Copper & Gold will halt production at a New Mexico copper mine and postpone the restart of an Arizona mine after posting a $13.9 billion net loss in the fourth quarter on a major write-down of assets. For full story, click here
Acid mine drainage from the Leviathan Mine Superfund Site near the California-Nevada border will be treated during the warm months to prevent contaminants from polluting downstream waters under a settlement reached Wednesday between the federal government and the Atlantic Richfield Company. For full story, click here
Mr Kim Shin jong president of Korea Resources Corporation has promised to bring it into the ranks of the world’s top 20 mining and resource development companies by investing heavily in uranium and copper mines in Africa and South America. For full story, click here
London copper prices were little changed in Asian trade after rallying nearly 6 percent in the previous session, with many markets closed for the Lunar New Year holiday. For full story, click here
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