Freeport’s risky energy plan highlights copper woes

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Freeport’s stock fell nearly 16% after its plan to move into energy was announced Wednesday and investors, it appears, would have preferred it sticks to what it knows best. (Reuters) – Thursday , 06 Dec 2012 Freeport-McMoRan Copper & Gold Inc’s decision to diversify into energy highlights the dearth of attractive options available in copper, its main business, but few competitors are likely to follow its lead into unfamiliar territory.

Sinclair boots up nickel-cobalt-PGM focused company in Tanzania

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Jim Sinclair to focus on Kabanga metal belt in Tanzania with new exploration company owned by TNX. SEATTLE, WA, 30 Nov 2012 (MINEWEB) – Tanzanian Royalty Exploration (TSX: TNX), headed up by mineral exploration entrepreneur Jim Sinclair, said it was creating a new company that would explore Tanzania’s Kabanga metal belt for nickel, cobalt and platinum group metals (PGM).