COPPER

Silhouettes of passersby are reflected on an electronic board displaying a graph showing yen-dollar exchange rates outside a brokerage in Tokyo

Futures drop With Commods After Yen Intervention

Stock index futures fell in lackluster volume on Monday, following four weeks of equities gains, as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets.

Gold helps lift TSX as euro deal optimism fades

Gold bar
Canadian stocks edged higher in early action on Friday, led by a rise in shares of gold and base metal miners, even as fading optimism over a European debt deal weighed on the broader market.

Peru Aims to Broker Union-Newmont Mining Talks

Ollanta Moisés Humala
Peru's government will broker talks on Friday between townspeople and U.S.-based miner Newmont in a bid to solve a conflict over the planned $4.8 billion Minas Conga gold mine, officials said.
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Luxembourg's Prime Minister Juncker France's President Sarkozy and Germany's Chancellor Merkel attend an European Union summit in Brussels

Stocks, Euro Hit 2-Month High after European Debt Deal

World stocks and the euro rose to their highest levels in nearly two months on Thursday after European leaders struck a deal to resolve a two-year-old sovereign debt crisis, which threatens the survival of the single currency.
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Newmont Mining Faces Opposition to Peruvian Mine

Townspeople in northern Peru are demanding an end to construction of the $4.8 billion Minas Conga gold mine because they fear it will threaten local water supplies, residents said on Tuesday.
London-listed company African Minerals recently achieved a remarkable milestone with its shipment of a first batch of iron ore from its mine in central Sierra Leone, the country’s first export of the commodity after almost 30 years. The 40,000 metric ton

Drought, mining doubts hit Mauritania economy: IMF

Mauritania's current economic growth rate is not high enough to significantly dent poverty and the country will next year face the twin challenge of drought and uncertainty over mining revenues, the International Monetary Fund said.
Gold bars

Eurasian Development Bank to Lend $100M to Gold Miner

The Eurasian Development Bank, a state-run joint venture between six former Soviet republics, has agreed to lend about $100 million to a Kazakh gold miner to help boost output of the precious metal in the Central Asian country.
A security guard walks past a shipment of copper in a file photo.

Dubai firm plans $500 mln copper smelter in Tanzania

Dubai-based City Energy & Infrastructure LLC plans to build a copper smelter and sugar plant in Tanzania over the next three years at a total investment of $500 million, a senior company official said on Monday.
Man looks at a stock quotation board outside a brokerage in Tokyo

Asian Markets Cautious Ahead of European Summit

Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.
Grasberg mine

Striking Miners to Return to Work at Grasberg Gold Mine

Miners at Freeport Indonesia will end a month-long industrial action and blockades at the world's second-biggest copper mine if the firm scraps sanctions against striking workers and considers a five-fold pay hike, the union said on Thursday.
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Taseko Mines' Plan for Gold Mine in BC Draws Fire

If Taseko Mines presses ahead with a plan to build a mine on aboriginal lands in British Columbia it could harm the Canadian province's plans to expand the mining sector, a native leader said on Wednesday.
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UN draft resolution would hit Eritrea mining

Mining companies would be banned from investing in Eritrea's potentially booming minerals sector under a draft U.N. resolution that Security Council members are due to start negotiating on Tuesday.

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