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Death toll rises to 5 in Freeport Indonesia tunnel collapse, dozens still trapped

Friday , 17 May 2013
Rescuers have been working around the clock for two days to rescue and recover Freeport Indonesia employees and contract workers trapped in a classroom after a mine tunnel collapse.

Vedanta sends Dubai copper to India after Sterlite closure

Thursday , 16 May 2013
Vedanta is exporting 4,000 t of refined copper a month from Dubai to customers of India's Sterlite Industries, whose smelter was closed on March 30.

Iron and Steel

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Steinmetz seeks Tony Blair’s help to free detained Guinea staff

Friday , 17 May 2013
Beny Steinmetz’s mining company, BSG Resources, has called on former British PM Tony Blair to help secure the release of two employees arrested in Guinea.

Guinea bribe probe defendant pleads not guilty in NY

Thursday , 16 May 2013
French citizen Frederic Cilins pleaded not guilty to charges he obstructed a US grand jury investigation into bribes paid to win mining rights in Guinea.

Industrial Metals / Minerals

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South Boulder Mines strikes Eritrea potash deal

Thursday , 16 May 2013
The company has handed Eritrea an increased stake in its Colluli potash mine under the terms of a new joint venture agreement.

Canada regulator’s review of Agrium purchase within timeframe

Thursday , 16 May 2013
The company says the Canadian Competition Bureau's review of its proposed purchase of Viterra assets is within its normal timeframe.

Energy

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Vale cuts Mozambique coal export target by 30%

Friday , 17 May 2013
Vale has cut the 2013 export target for its Moatize coal mine by nearly a third after heavy floods temporarily shut a railway export line it uses.

Protesters block Mozambique's main coal export route

Tuesday , 14 May 2013
The 200 protesters whose businesses were resettled by Vale to build its Moatize coal mine are asking the company to compensate them for a loss of livelihood.

Uranium

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An odd market – Sprott’s Rick Rule picks platinum, palladium and uranium

Tuesday , 14 May 2013
Rick Rule looks at the huge anomalies in the way governments are/have been treating the global economy and the strange way the market has been behaving.

Cameco’s 1Q profits spiral downward as U3O8 production up 23%

Thursday , 02 May 2013
While uranium production was strong during Cameco’s first quarter, sales plunged by a dismal 3.1 million pounds or 38% to 5.1 million pounds for the period.

Spot Gold USD/oz	1,359.60	-1.98%
Spot Silver USD/oz	22.25	-1.82%
Spot Platinum USD/oz	1,450.00	-2.23%
Spot Palladium USD/oz	735.25	-0.17%
LME Copper USD/t	7,330	+3.30%
LME Aluminium USD/t	1,841	+2.11%
LME Nickel USD/t	14,855	+0.58%
LME Lead USD/t	2,003	+1.83%