Freeport-McMoRan Copper and Gold Inc said it would reduce mining and crushed leach rates by 50 percent at its Morenci copper mine, compared with a 25 percent curtailment announced in December, along with a series of other operating reductions and deferred start-ups. For full story, click here
After a spectacular overnight gain, gold came under a mild correction in domestic markets on Thursday on weak global trend. For full story, click here
Gold slipped after rising to a 5-week high above $800, but turmoil in the financial markets could spur another round of safe-haven buying as world leaders sought to prevent a severe global economic downturn. For full story, click here
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