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Cambodian Exploration Opportunity

Medusa Mining Limited (ASX: MML) (Medusa or the Company) announces that it has entered into a Memorandum of Understanding with SEA Resources Pty Ltd, Sovann Resources Co., LTD (a related Cambodian entity of SEA) and the shareholders of Sovann (together, referred to as SEA) regarding an exploration opportunity in the Prek Kampi region of Cambodia (MOU). The main target of the exploration project will be gold and copper, but the arrangement is exclusive and will also cover oil and gas and precious stones.

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Glencore to support Paranapanema Restructuring

Glencore plc (''Glencore'') announces that it has entered into an agreement with Paranapanema (''PMA'') to support its capital and debt restructuring through an investment of R$66,000,000 (Brazilian Reais) or approximately USD$21,000,000 in PMA's possible upcoming issuance of new shares ("the Transaction").

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New Drill Results significantly expand Kakula Copper Discovery at the Kamoa-Kakula Project

  • Step-out drilling extends length of Kakula Discovery by approximately 1.6 kilometres, or 40%, to at least 5.5 kilometres
  • Kakula and Kamoa both remain open for significant expansion
  • New resource estimate and preliminary economic assessment being fast-tracked to examine expanded Kamoa-Kakula development options

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Chairman Robert Friedland and Chief Executive Officer Lars-Eric Johansson announced assay results from another 25 holes as part of the ongoing 2016-2017 drilling campaign at the Kakula Discovery on the company’s Tier One Kamoa-Kakula Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC).

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Kamoa-Kakula: Largest Copper Discovery ever made on the African Continent

Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN), and Lars-Eric Johansson, Chief Executive Officer, announced that the company has completed an independently verified, initial Mineral Resource estimate for the extremely-high-gradeKakula Discoveryon the Tier One Kamoa Copper Project, near the mining centre of Kolwezi in the Democratic Republic of Congo (DRC). The Kamoa-Kakula Project is a joint venture between Ivanhoe Mines, Zijin Mining and the Government of the Democratic Republic of Congo.

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Eldorado announces new Exploration Projects in Romania, Serbia and Brazil

Eldorado Gold Corporation, ("Eldorado" or "the Company") announces plans at four new exploration projects.

  • The large Bolcana porphyry copper-gold system in Romania, recently acquired through public auction, provides a new opportunity contiguous with the Company's growing land package in the highly prospective Apuseni mining district in Romania.
  • The Borborema and Nazareno gold projects in Brazil will be explored under an option agreement with Votorantim Metais. These new projects expand the Brazilian exploration portfolio into two regions with proven metallogenic potential, and establishes a partnership with a highly respected local mining company with a long history of discovery and mine development.
  • The Karavansalija Mineralized Centre project in Serbia is a large skarn and epithermal system with multiple mineralized zones and untested targets, and provides an entry into this emerging mining-friendly jurisdiction.
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Glencore2016 Half-Year Production Report

Production highlights

  • Production, as expected, was down period-on-period in commodities where we previously announced, and are delivering on, proactive supply reductions (copper, zinc, lead, coal and oil).
  • Own sourced copper production of 703,000 tonnes was 4% down on H1 2015, due to the previously announced curtailments at our African operations, partly offset by generally higher grades in South America.
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Ivanhoe Mines receives second Installment Payment from Zijin Mining Group in the Kamoa Copper Project in D.R. Congo

Ivanhoe Mines (TSX:IVN) announced that it has received the second installment of US$41.2 million owing from a subsidiary of Zijin Mining Group Co., Ltd. as part of a strategic co-development agreement under which Zijin acquired 49.5% of Ivanhoe’s majority stake in the Kamoa copper discovery now being jointly developed by Ivanhoe and Zijin in the Democratic Republic of Congo.

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