Mining Companies Exploration and Investment News

Zambia’s Lumwana Mining Co. Ltd., a unit of Equinox Minerals Ltd plans to raise copper output through greater efficiency and also plans to build a uranium plant, its managing director said on Wednesday.

Adam Wright, who took over from Harry Michael a fortnight ago, said at a news briefing in Lusaka that the company would in 2010 ramp up production to 170 000 tons from a projected 110 000 this year.
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Copper Mountain Mining Corporation announces that the mobile mining equipment fleet for the Copper Mountain Project has been ordered with deliveries to match the mining plan. The Company has placed orders through SMS Equipment for more than $70 million worth of Komatsu mobile mining equipment to be delivered in stages over the next 18 months. Preproduction mining is scheduled to start in June 2010.
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Copper, little changed in New York and London today, may rise after manufacturing expanded at the fastest pace in 18 months in China, the world’s biggest consumer of the metal.

An HSBC Holdings Plc purchasing managers’ index of Chinese manufacturing rose to a seasonally adjusted 55.4 from 55 in September. (continue reading…)

Freeport-McMoRan Copper & Gold Inc said Wednesday it has decided to move forward on three deferred copper mining projects, citing a positive outlook for its metal markets and its ability to manage costs during the global economic downturn.
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Brisbane-based resources company Discovery Metals Limited (ASX: DML) has upgraded its Mineral Resource Estimate by 40 per cent at the Zeta prospect within the Boseto Copper Project in Botswana.

Zeta is one of the three prospects being drilled out as part of the Bankable Feasibility Study at the Discovery’s Boseto project.
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The biggest mining company, Vedanta Resources to plan the expansion of development increased annual copper mine production capacity. Companies targeting copper mine production capacity can reach 800,000 tons per year. To support the achievement of mining production targets of copper, (continue reading…)

Konkola Copper Mines spokesman reported, KCM mining company has returned to the exploration and production at Nchanga copper smelter. Konkola Copper Mine copper production capacity of 300,000 tons per year.
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Unions in the company’s Spence copper mine in Chile went on strike. Strike action by the miners because they reject the offer given wage. Strike action by miners impact on the reduction in copper production mining company BHP Billiton.
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