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Copper Mine Prices Slump, Freeport-McMoRan Copper & Gold Inc. Into Worst This Year
Freeport-McMoRan Copper & Gold Inc., the best-performing stock among North American mining companies in 2007, turned into the worst this year. Analysts say the company may not fare much better in 2009 as copper prices slump.
International Royalty Corporation: Capitalize on the Commodities Boom
International Royalty Corporation is in the business of acquiring and creating natural resource royalties with a specific emphasis on mineral royalties. A royalty is the contractual right to a share of revenues or operating profits generated by commercialization of an owner’s rights or property. Royalties are beneficial because they provide all the upside attached [...]
Phelps Dodge buyout OK’d
The last major hurdle to the $25.9 billion acquisition of Phelps Dodge Corp. by Freeport-McMoRan Copper & Gold was cleared Wednesday when shareholders of both companies voted for the merger.
Rock collection yields vial of yellowcake uranium
Every blue moon or so, collectibles dealer and pawnshop owner Frank Cafaro stumbles upon a buried gem amid an estate’s junk.
But his latest find was so alarming he called the Fire Department.
“We were in the warehouse and we pulled out this box of rocks from an estate sale,” Cafaro said.
Miami estate sale of crystals yields yellowcake uranium
Once in a blue moon, collectibles dealer and pawnshop owner Frank Cafaro stumbles upon a gem buried amid an estate’s junk and tchotchkes.
But his latest find was so alarming he called the Fire Department.
“We were in the warehouse and we pulled out this box of rocks from an estate sale,” Cafaro said.
Estate-sale box yields uranium
A pawnbroker who discovered an ounce of uranium in a box that he bought from an estate surrendered the possibly radioactive mineral to authorities, a sheriff’s spokeswoman said today.
Frank Cafaro, owner of Gold Mine Pawn in Belleview, summoned firefighters because he was concerned about the vial of uranium yellow cake, a mineral that, in large [...]
BRAZIL’S NEWEST BOOM TOWN BRINGS QUICK RICHES ALONG WITH CRIME, HEALTH AND ENVIRONMENTAL PROBLEMS
It’s a gold rush in the jungle, driven by the Internet.
Speeding past unbroken walls of foliage, a motorboat packed with gritty prospectors veers toward the shore of the Juma river. Rising up along the steep, muddy banks, a city of black plastic lean-tos appears veiled by greasy smoke.
All around them are newly dug pits, felled [...]
