Copper 6980 (-50)

Lead 1915 (-15)

Zinc 1920 (-25)

Nickel 20100 (0)

Aluminum 2057(0)

Copper 6495 (+20)

Lead 1770 (+10)

Zinc 1830 (+30)

Nickel 18745 (+45)

Aluminum 1935(+0)

Copper 6521(+41)

Lead 1729 (+19)

Zinc 1775 (+15)

Nickel 19255 (+95)

Aluminum 1943(-7)

Copper 6637(-33)

Lead 1786 (-14)

Zinc 1799 (-8)

Nickel 19920 (-5)

Aluminum 1981(-10)

Copper 6580 (-110)

Lead 1810 (+15)

Zinc  1790 (-15)

Nickel 19800 (-360)

Aluminum 1982 (-28)

Stop Loss Below 300.50 TGT 305.50/307

Current Market Price 303.50

Copper -3388MT,

Aluminum -60MT,

Zinc -23186MT.

Copper 6481 (-16)

Lead 1719 (+7)

Zinc 1755 (+1)

Nickel 19470 (+120)

Aluminum 1962 (0)

Shanghai aluminium rose about half a percent at 14,630 yuan a tonne, and the third-month zinc contract was up 2.1 percent at 14,600 yuan at the opening.

CMP Copper 6900 (+75)

Lead 1695 (+35)

Zinc 1730 (+8)

Nickel 18850 (-355)

Aluminum 1959 (+39)

Copper 6300 (+65)

Lead 1650 (+20)

Zinc 1730 (+2)

Nickel 19025 (+405)

Aluminum 1915 (-20)

Copper -10091,

Aluminum +3999,

Zinc +3999.

Copper 6768 +0.37%

Lead 1771 +0.06%

Zinc 1880 -0.27%

Nickel 21375 -0.35%

Aluminum 2025 Direction for the Session Mixed.

Awaiting Key US Data S&P/CS Composite-20 HPI y/y & CB Consumer Confidence.

Copper -6350

Lead +700

Zinc -125

Nickel -498

Alu -5975

Tin -5.

“We’ve not had any reports of any effects at the moment,” said Christina Mills, a spokeswoman in London for Rio Tinto, which has a stake in the Escondida mine operated by BHP Billiton. It’s the world’s biggest copper mine, in the north of Chile.

The disposal is part of Rey Resources’ strategy to rationalise the Company’s non-core assets to allow management focus on the company’s Canning Basin Coal Projects.

Sale consideration for Humitos is $200,000 cash and 1.5% Net Smelter Return royalty on any future production, subject to completion of transfer documentation. The divestment is subject to a 30 day due diligence period by CYU and to normal Chilean regulatory approval.

The current agreement, which was set to expire in February 2011, will enable the firm to determine with certainty how much ore there is left to mine and what it will cost to extract it, the company said in a statement.

This will also enable Xstrata to establish a more precise date for the closure, it said.

The mine and a concentrator has the capacity to yield 3.6 million tonnes of ore containing zinc, lead, copper, and silver.

It was was discovered in 1953 and put in production in 1964, and has ranked as one of the world’s largest of its kind.

The agreement with United Steelworkers members includes a wage increase in 2011 and a rise in pension benefits, Xstrata said.

Copper +13092 ,

Aluminum +21375,

Zinc 0.

Company chairman Pat Volpe said the latest results from their operation in the south African nation of Botswana were great.

“It is quite exciting because it is just to the west of the nickel discovery that we had in the same area, and that is about 50m away from one of the world class nickel mines, and 100m from another nickel producer,” he said.

“It is just a matter of size now, how big it is, but the grades are fantastic.”

Mr Volpe said if the mine went ahead exporting the copper from landlocked Botswana would not cause problems, with ports available in nearby Namibia or South Africa.

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He said the geology of Botswana was under-explored and similar to that of Western Australia.

“It is a great country it is unexplored and the geology mirrors Western Australia, where it was probably 30 years ago in terms of opportunity for exploration,” Mr Volpe said.

He said the company had a lot of work before starting mining of the copper, with more exploration work needed.

Zinc for May delivery in Shanghai dropped as much as 2.5 percent to 18,060 yuan a ton, the lowest since Dec. 11.

Copper +3902 ,

Aluminum +5481,

Zinc -240.

Shanghai Weekly Inventory:

Copper +1774,

Aluminum +3085,

Zinc +3085.

Zijin has already agreed to buy a 19,99% stake in Indophil from Swiss-based miner Xstrata.

Indophil owns a 34,23% stake in the $5,2-billion Tampakan copper and gold project in southern Philippines, controlled by Xstrata.

The Tampakan project has an Australasian joint ore reserves committee (JORC) compliant mineral resource estimate of 2,4-billion tons containing 13,5-million tons of copper and 15,8-million ounces of gold at a 0,3% copper cut-off grade.

The project is in the final feasibility study phase, which is due for completion in the second quarter of 2010. First production is scheduled for early in 2016.

Zijin is offering A$1,28 a share. The offer period for Indophil shares would start on January 18 and would close on March 19.

Copper +3150MT

Lead +225MT

Zinc +650MT

Nickel +168MT

Aluminium -2000MT

Tin +50MT.

BHP Billiton holds 33.75 per cent of Antamina, with fellow miner Xstrata (33.75 per cent), Teck Resources (22.5 per cent) and Mitsubishi Corporation (10 per cent).

All four partners had approved their respective shares of the projects $US1,288 million ($A1.41 billion) capital budget, BHP said.

BHP Billiton’s share of the expansion cost is $US434.7 million ($A476.75 million).

The expansion project will increase the site’s ore processing capacity by 38 per cent to 130,000 tonnes per day.

Higher mineral ore reserves previously reported in combination with the expanded processing capacity will result in a mine life extension of six years from 2023 until 2029.

First production from the expansion is anticipated in late 2011, BHP said in the statement.

BHP Billiton and smaller rival Xstrata both own 33,75% of the asset, Canada’s Teck Resources holds 22,5% and Mitsubishi Corporation owns 10%.

The Antamina expansion project will increase the site’s ore processing capacity by 38%, to 130 000 t/d and annual production of copper and zinc by approximately 30%, Teck said.

In combination with increased mineral reserves, which were increased by around 75% in 2008, the project will boost the mine’s operating life by six years, until 2029.

The expansion project cost will be funded out of cash flow and borrowings by Compania Minera Antamina, which owns the mine, and the first production from the expansion is forecast in late 2011.

Located in the Andes mountain range, 270 km north of Lima, Antamina is one of the world’s largest copper/zinc mines.

The two-year contract effective from January 1, 2010 is extendable by one year, Sical Logistics said in a filing to the Bombay Stock Exchange.

“Customers are increasingly seeing the value of Sical’s unique proposition of seamless, multi-modal supply chain linkages across rail, road, port and sea,” Sical Logistics Chairman Ashwin Muthiah said.

The contract was awarded to Sical Multimodal and Rail Transport Ltd, a wholly-owned subsidiary of Sical Infra Assets Ltd. Sical Logistics owns 74 per cent equity in Sical Infra, while Old Lane Mauritius owns the remaining 26 per cent, the filing added.

Shares of the company were trading at Rs 73.30, up by 6.62 per cent on the BSE in early morning trade.

Eagan police said the 33-year-old suspect from St. Paul suffered severe burns but was in stable condition Wednesday and is expected to survive.

324.20 – 323.70, Stoploss-321.10, Target – 1-

328,Target – 2-329.

(Current Market Price-324.50).

Copper +1300,

Aluminum +12100,

Nickel +834,

Zinc -350,

Lead +350,

Tin +180

Chief Consolidated Mining plans to resume mining at a zinc, lead and silver deposit at Eureka in the US state of Utah after initial drilling of core samples is completed.

Chief Consolidated chairman and CEO Gordon Blankstein said the company is drilling for copper, silver and gold at the extension of the old Kennecott Bergin Mine and the Trixie Mine to ensure that the site contains deposits, according to deseretnews.com.

“The Bergin is extremely rich,” Blankstein said.

The company’s 16,000-acre plant covers part of Eureka as well as an area to the south and west of the town in the Tintic Mining District of Utah.

Mining work in the district will start after Chief Consolidate completes an update of the 2001 feasibility study.

Copper +2475,

Aluminum +19775,
Nickel +930,
Zinc -250,
Lead +650,
Tin -10.