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African Potash soars on second supply deal in a week
2 Sep 2015 - Shares in African Potash (LON:AFPO) were up almost 24% early afternoon in London after the miner announced it has sealed a preliminary agreement with an unnamed Malawian company to provide about of 50,000 metric tonnes of fertilizer a year over an initial three years.

Clive Palmer’s Mineralogy takes Citic to court in A$10 billion lawsuit
2 Sep 2015 - Aussie mining tycoon turned politician, Clive Palmer, is suing China’s Citic Limited for $7.1 billion (A$10bn), in the latest twist of a long-dragged legal battle over their joint venture Sino Iron project in Western Australia.

This time, Palmer’s firm Mineralogy is taking Citic to court over what it claims to be a lack of royalty payments from the project, which was built on Palmer's leases, Sydney Morning Herald reports.

China factory data roils copper stocks – Freeport falls 9%
2 Sep 2015 - The value of base metal miners and the diversified giants fell on Tuesday as metals prices dropped back to near financial crisis lows after Chinese manufacturing data shocked commodity markets.

In New York trade on Tuesday copper for delivery in December dipped below the $2.30 per pound or around $5,070 a tonne as the red metal's recovery from July 2009 levels hit last week begins to look shaky.

Spanish police arrest American-Belgian man on ‘blood diamond’ charges
1 Sep 2015 - An American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds during Sierra Leone's civil war.

Michael Desaedeleer was detained on Friday in Spain, following years of criminal complaints against him filed by residents of Sierra Leone, whose internal conflict in the 1990s left over 50,000 people dead.

Copper giants face cost cutting opposition in Chile
1 Sep 2015 - In New York trade on Monday copper for delivery in December consolidated its recovery from six year lows hit last week, trading at $2.34 in late afternoon.

That's up some 6% from an intra-day trough of $2.20 per pound or around $4,850 a tonne set last week which was the lowest since July 2009 and down 30% over the past year.

Fire damages Canadian Syncrude equipment, forces firm to halt production
1 Sep 2015 - Canadian Oil Sands (TSX:COS), the main owner of the giant Syncrude oil sands project, has halted production after the fire that damaged equipment at its synthetic crude oil processing facility in northern Alberta.

The company said the fire, which happened early Saturday and was extinguished without any injuries, affected pipes connected to a water treatment unit at Syncrude’s heavy oil upgrader on the site of its Mildred Lake oil sands surface mine. The cause of the blaze remains under investigation.

Codelco now mines copper for $1.40 a pound
29 Agu 2015 - In New York trade on Friday copper for delivery in December continued to fight back from six year lows trading at $2.35 in late afternoon.

That's up more than 6% from an intra-day trough of $2.20 per pound or around $4,850 a tonne set set earlier in the week which was the lowest since July 2009 and down 30% over the past year.








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