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Copper hits two-week low, Zinc at Highest in more than a Decade

COPPER hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for non-U.S. investors, …

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Mutanga’s PEA indicates positive projections

Mineral resource focused company GoviEx says preliminary economic assessment (PEA) for the expanded Mutanga envisions an average annual production rate of 2.4 million pounds of U3O8 yellowcake over an initial 11-year mine life. According to the PEA the initial capital costs are estimated at US$123 million, with estimated cash operating costs …

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Intrepid, Weatherly set to conclude Kitumba sale

Australian company Weatherly has announced that its intentions to acquire Kitumba copper project is being held by the vendor, Intrepid Mines Limited. According to the company one of the items to be resolved ahead of the deal expected to be sealed in February is the shareholder approval which is one of …

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