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• Copper Spot News

  • Kazakhstan copper strike not the end of the matter
  • ‘Copper pump’s’ potential benefit in cancer treatment
  • Copper, lead recover on industrial demand, global cues
  • Copper rebounds from four-month lows, Greek worries caps gains
  • France: First priority is cutting debt, deficit
  • LME’s plan to ditch sterling recognises need to adapt
  • Bullion, base metals and energy outlook by SMC Global
  • GEPL Capital`s view on bullions, base-metals, energy
  • Mining group Anglo sees little respite for copper supply deficit
  • BASE METALS: Copper Ends Near Flat On Mixed Economic Data
  • Copper down 1.13% on weak global cues
  • Check out best bets for crude, gold, copper
  • The doctor’s diagnosis on the great world economy
  • Persistent selling mars indices
  • World stocks, euro off lows on ECB easing hopes
  • US market exceedingly weak, buy gold on dips: Fat Prophets
  • Sterlite: Weak outlook priced in
  • Sterlite Industries, Hindalco hit 52-week low on falling copper prices
  • Copper to remain uninspiring, range-bound in short term
  • Hindustan Copper sees prices staying high

PERTH – China’s National Development Reform Commission has approved Chongqing Chonggang Minerals Development’s (CCMD’s) A$280-million investment in the Extension Hill magnetite project, in Western Australia, paving the way for the Chinese group to take a 60% stake in the project. Australia’s Foreign Review Investment Board approved the investment by CCMD in February. Project owner Asia [...]

Current quarter production was impacted by tie-in activities at Western Australia Iron Ore as Rapid Growth Project 4 continues to ramp up.The production of iron ore by BHP Billiton Ltd. in the fourth quarter ended June 30 rose 16% from last year. The iron ore production touched 125.0 million metric tons over the year and [...]

PERTH – Australian iron-ore-miner Cape Lambert has signed a term sheet with Aim-listed African Minerals for rail and port infrastructure for its Marampa project, in Sierra Leone. Cape Lambert would gain a 33% stake in the Marampa rail and Pepel port, jointly known as the Marampa infrastructure, for a $45-million investment in the refurbishment of [...]

PERTH – Emerging iron-ore developer FerrAus has increased its measured and indicated resource for the Pilbara iron-ore project, in Western Australia, by 116%. The resource total for the project has now reached 297,2-million tons, up 7% from the previous resource estimate. FerrAus CEO Mike Amundsen said on Wednesday that the resource upgrade was another critical [...]

PERTH – Brazilian iron-ore-miner Vale has acquired an additional 24,5% stake in the Belvedere coal project, in Queensland, for $92-million from AMCI Investments (AMCI). Vale has now increased its participation in Belvedere to 75,5% from 51%. AMCI, Vale and joint-venture partner (JV) Aquila Resources jointly own the project. Vale stated that its preliminary estimates have [...]

The Australian today ran a big photo with its lead business story of former Rio Tinto CEO Leigh Clifford sitting next to BHP-Billiton CEO Marius Kloppers at a mining industry function in Canberra last night. Clifford was laughing away and the lads could well have been amused to have together amassed a net worth exceeding [...]

Feb. 26 — Posco, Asia’s most profitable steelmaker, will “aggressively” pursue investments in mines as the costs of iron ore and coal escalate with the economic recovery. “The company will pursue investments in overseas mines more aggressively to secure raw materials,” Chief Executive Officer Chung Joon Yang said at a shareholder meeting in Seoul. Posco [...]

PERTH  – Diversified giant Rio Tinto on Monday announced that it had started production at its $901-million Mesa A/Warramboo iron-ore mine, in the Pilbara region of Western Australia. The opencut iron-ore mine would initially produce 20-million tons a year, increasing to 25-million tons by 2011. “This is a great day for Rio Tinto and for [...]

Allan Seccombe | Thu, 18 Feb 2010 17:52 – KUMBA Iron Ore is in talks with South Africa’s Treasury over the definition of beneficiation of its products, the outcome of which will determine whether it pays the top 7% rate or a lower rate of aroundthree percent, a difference of hundreds of millions of rands. [...]

ARCELORMITTAL, the world’s largest steelmaker by volume, cautioned that a move toward spot iron ore sales and the announced iron ore joint venture between Rio Tinto and BHP Billiton could adversely affect its business. “The raw materials industry is highly concentrated and suppliers in recent years have had significant pricing power,” ArcelorMittal said in its [...]

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  • Kazakhstan copper strike not the end of the matter
  • ‘Copper pump’s’ potential benefit in cancer treatment
  • Copper, lead recover on industrial demand, global cues
  • Copper rebounds from four-month lows, Greek worries caps gains
  • France: First priority is cutting debt, deficit

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