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Freeport beats its estimates on copper
Freeport-McMoRan Inc, the largest publicly traded copper miner, produced more than expected last quarter and raised its annual sales projection. The Phoenix-based company is planning a ramp-up of underground operations at its flagship Grasberg mine in Indonesia and is...
Brazilian court warns of risk of Norte Larajeiras dam rupture
Brazil's Superior Court of Justice ruled Thursday to reinstate a decision preventing the resumption of operations at Vale-owned Norte Larajeiras Dam in Minas Gerais state. The company reduced production at its Brucutu mine, Vale's largest mine in Minas Gerais state,...
Rafaella Resources accelerates at Santa Comba tungsten project
As large tungsten mines in China and Russia reach the end of their lives, Rafaella Resources is accelerating its Santa Comba tungsten project in Galicia, northwest Spain. Aiming to target the European market, as the continent produces less than half of its current...
Iron ore prices rise to 10-year highs
Iron ore prices rose more than 4% on Tuesday, extending gains spurred by steel margins in China and disappointing production data from Rio Tinto and Vale. Brazil's high grade index (65% Fe fine) also advanced to a record high of $222.80 per ton. September iron ore on...