Phelps Dodge sees higher 1st-qtr copper production
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Phelps Dodge Corp. , world's No. 2 copper producer, sees increased copper production and sales in the first quarter over fourth quarter 2006.
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VANCOUVER - Mining company Placer Dome said its gold production is expected to hit 3.7 million ounces next year, up from its 2004 forecast of 3.6 million ounces.
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BHP Billiton today announced the approval of the US$990 million Spence Copper Project in northern Chile. The project will have a designed capacity to produce 200,000 tonnes of copper cathode per annum and will have a mine life of 19 years.
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Michael Phelps came to the Missouri Grand Prix to prepare for next month's world championships in Australia. He'll leave with at least one world record.
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U.S. drugmaker Wyeth  said on Wednesday it was maintaining its profit forecast for 2007, but added that first-quarter earnings would exceed current Wall Street average estimates of 85 cents per share.
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Moody&#39;s Investors Service said on Wednesday it raised Freeport-McMoRan Copper &amp; Gold Inc.&#39;s (FCX.N: Quote, Profile, Research) ratings, citing the return of its PT Freeport Indonesia unit to normal mining operations.
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Newmont Mining Corp. on Wednesday said its third-quarter profit rose on increased gold prices. Quarterly profit rose to $128.7 million, or 29 cents per share, up from $114.
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Freeport-McMoRan's merger bets on sustained copper prices.
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Anglo-Australian mining giant Rio Tinto has said that interim net profits rocketed 75.3 percent, with a colossal increase in copper prices contributing one billion dollars to the earnings.
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The company posted first-quarter profit of $288.9 million as rising revenue offset higher ingredient costs and increased spending on marketing.
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Swiss-based miner Xstrata Plc  beat forecasts with a 119 percent rise in 2006 adjusted net profit, boosted by strong copper and nickel prices, and said on Tuesday the industry outlook remained positive.
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Michael Phelps led all the way in winning the 200-metre freestyle at the World Short Course Championships on opening night on Thursday, giving the world&#39;s best swimmer a chance to equal the six gold medals he won at the Athens Olympics.
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By Anonymous  ENVIRONMENT  After a decades-long fight between Revett Silver Co. and conservation groups concerning a proposed silver and copper mine in northwest Montana, the US. Fish and Wildlife Service cleared the way for Revett Silver to begin production.
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HARMONY Gold Miningâs hopes of winning control of the rival Gold Fields appeared to be boosted yesterday, as Harmony swung to a first-quarter profit at operating level.
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Phelps Dodge  on Monday said it  would acquire Inco  and Falconbridge  for about  &#36;40 billion in a blockbuster deal to create a top global copper  and nickel miner.
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The world's largest gold producer,  Newmont Mining Corp. NEM.N, said on Wednesday that higher  gold prices drove up quarterly profit by 12.5 percent, even  though it sold less of the precious metal.
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INDIANAPOLIS, United States : Athens Olympic star Michael Phelps made a relatively relaxed start on the first day of the seventh World Short Course Swim Championship, qualifying second for the 200m freestyle final.