Copper

PHELPS DODGEUnder new ownership? -- The copper cathode produced at this tankhouse, currently owned by Phelps Dodge, could be heading directly to the bottom line of copper-gold producer Freeport-McMoRan. The deal -- which has been unanimously approved by the boards of both companies and is anticipated to close in the first quarter of 2007 -- would see Freeport dish out almost US$26 billion in cash and stock for Phelps.

Freeport to swallow Phelps

If shareholders give the go-ahead, Freeport-McMoRan Copper & Gold’s (FCX-N) proposed takeover of Phelps Dodge (PD-N) will create the world’s largest publicly traded copper company and the largest …


Bell taps copper at Sombrero Butte

Vancouver — Initial drilling by Bell Resources (BL-V, BZRSF-O) on its Sombrero Butte project in Pinal Cty., Ariz., has delivered a wide copper-mineralized interval.






Gold Reach Cuts Wide Copper at Seel

Vancouver — Gold Reach Resources (GRH-V, GRHFF-O) delivered a strong copper intercept from its Seel project, located about 120 km southwest of Houston, B.C., prompting a trading flurry in the junior …



Murgor to Take On HudBay Properties

Montreal junior Murgor Resources (MUG-V, MUGRF-O) has signed a set of agreements with HudBay Minerals (HBM-T, HBMFF-O) to earn an interest in four massive sulphide prospects in the Flin Flon and Snow …





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