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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.
Nigerian unrest fails to affect oil prices
The price of crude oil was little changed Monday after Nigerian production was unaffected by violence during weekend elections.
At least 21 people were killed during state assembly elections Saturday in Nigeria, a week before a presidential vote this coming Saturday. Royal Dutch Shell’s venture in Nigeria has reduced output by 477,000 barrels a day since [...]
Auckland-based firm strikes Solomon’s gold
Auckland based mineral explorers are drilling their way into a “monster” gold and copper lode in the troubled Solomon Islands.
London Stock Exchange AIM listed Solomon Gold says they believe they have discovered high grade gold and copper deposits in Sutakiki in the rugged central mountains of Guadalcanal.
They say Sutakiki “is potentially a monster”, while neighbouring [...]
Gold Rush Plunges Undersea as Miners Scour Pacific (Correct)
(Corrects company in 10th paragraph whose shares declined.)
David Heydon says the rock he dredged from a mile beneath the sea off Papua New Guinea looked like nothing more than a dull-brown fire hydrant. Inside were veins of copper and gold worth $300.
Two companies exploring the South Pacific seas with new remote-controlled robots are betting rocks [...]
