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Vedanta Resources To Buy US Copper Mine Company fro $1.7 billion


Metals and mining major Vedanta Resources will buy bankrupt US copper miner Asarco for $1.1 billion in cash and a note worth $600 million, the latter to be paid over a period of nine years.

Canada Energy Stocks May Fall a 2nd Day on Oil Royalty Proposal


Canadian energy stocks may fall for a second day on concern that a proposal to raise royalties on oil and gas producers may hurt energy companies’ growth and profits.
EnCana Corp., which is spending billions of dollars to develop two oil-sands projects in Alberta, may pace declines. Raw-materials producers may gain, led by Barrick Gold Corp., [...]

Equinox Minerals Nears Debt Drawdown Time


Emerging copper producer Equinox Minerals has put a final touch on financing for its 100%-held Lumwana copper project in Zambia by securing a credit facility for contingent costs.
Equinox said the $45 million facility would only be used if cost overruns or other contingent obligations were encountered at the $847 million project, where mine commissioning was [...]

Metals Bubble Poised to Burst on Increasing Supplies (Update2)


Copper, nickel and lead, the best performing commodities in the past four months, may be the worst by year-end.
On Wall Street, the chorus is getting louder that rising metal supplies are outpacing demand. From Goldman Sachs Group Inc. to JPMorgan Chase & Co. to Societe Generale, there are warnings of a mania that is showing [...]

Castillian Announces Acquisition of 100% of Maximus Resources Ltd.’s Option/JV Rights to Acquire an Interest in the Las Aguilas Nickel Copper-PGM Property, Argentina From Marifil Mines Ltd.


David Gower, President & CEO of Castillian Resources Corporation (Castillian) announces that, subject to regulatory approval, Castillian has reached an agreement with Maximus Resources Ltd. (Maximus) whereby it will acquire 100% of Maximus’s rights to acquire an interest (the Underlying Agreement) in the Las Aguillas Nickel-Copper-PGM Project from Marifil Mines Ltd. (Marifil) (TSX VENTURE:MFM – [...]

Anvil to Proceed with Detailed Evaluation of Itogon Mineral Properties in the Philippines


TSX, ASX: AVM Common shares outstanding 56.7 million All amounts are expressed in US dollars, unless otherwise stated.
Anvil Mining Limited, (”Anvil” or “the Company”) is pleased to announce that following completion of due diligence in December 2006, it has elected to proceed with a detailed evaluation of the Itogon Suyoc Resources Inc. (”Itogon”) mineral properties [...]

Nuinsco Resources Limited Issues Early Warning Report Pursuant to National Instrument 62-103 Regarding Campbell Resources Inc.


Nuinsco Resources Limited (”Nuinsco”)(TSX: NWI)(www.nuinsco.ca), 80 Richmond Street West, Suite 1802, Toronto, Ontario, M5H 2A4, announces that, in a series of private transactions with Campbell Resources Inc. (”Campbell”) (TSX: CCH) (as described below), it has acquired an aggregate of 36,050,000 common shares of Campbell (each, a “Campbell Share”), representing in the aggregate approximately 10.4% of [...]

Australian Dollar May Weaken as Prices of Gold, Oil Decline


The Australian dollar may weaken for a second day on a decline in the price of commodities the country exports, including gold and oil.
The Westpac Commodity Futures Index, an export-weighted average of Australian raw material prices, fell 0.7 percent today after a 0.9 percent slide yesterday. Gold dropped for a second day and crude oil [...]