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• Copper Spot News

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  • Sterlite: Weak outlook priced in
  • Sterlite Industries, Hindalco hit 52-week low on falling copper prices
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  • Some workers return to Freeport Indonesia copper mine
  • Commodities Fall, Copper Drops to 9-Month Low on Europe Concerns
  • Copper Sinks to 9-Month Low as Euro Worries Mount
  • Copper hovers around its year-low
  • Angel Broking`s view on Crude Oil, Copper, Silver
  • ‘Scrap iron industry stunted by Govt’
  • Orlando-area metal thieves target power poles, street signs, AC units
  • Lawmakers dueling over proposed Alaska gold mine
  • China Aug commodity imports shows economy resilient
  • BHP Billiton’s Coal Miners Resume Strikes After Talks Fail
  • First Quantum lines up USD 1 billion in financing

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 [...]

SANTIAGO, Feb 25 – Chile’s Codelco, the world’s top copper producer, increased copper output 16 percent to 1.7 million tonnes in 2009 as it forged ahead with heavy investments during the global slump. That marked the end to four consecutive years of dwindling output as lower grades at aging mines and labor strikes hit output [...]

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 [...]

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 [...]

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 [...]

Mining giant BHP Billiton has chosen its head of iron ore, Ian Ashby, to run its $US116 billion iron ore joint venture with Rio Tinto in the Pilbara. Company insider Chris Campbell has been named Mr Ashby’s replacement as head of iron ore. Mr Campbell has been with the BHP Billiton group for 20 years [...]

European Nickel Plc has made a bid for Perth-based minerals explorer Rusina Mining NL, which values the Australian company at about $33 million. The UK registered European Nickel has offered Rusina’s investors a scrip deal that would give them four of its shares for every five Rusina shares they held. The deal would be a [...]

BHP BILLITON APPROVES FUNDING FOR FURTHER GROWTH AT WESTERN AUSTRALIA IRON ORE BHP Billiton today announced approval for US$1.93 billion (BHP Billiton share US$1.73 billion)(1) of capital expenditure to underpin the further accelerated growth of its Western Australia Iron Ore business. This investment represents early expenditure for the company`s Rapid Growth Project 6 (RGP6). RGP6 [...]

VANCOUVER, Dec. 29 /PRNewswire-FirstCall/ – Iron Creek Capital Corp. (TSX-V: IRN) is pleased to announce that it has signed an amending agreement with Hochschild Mining Holdings Ltd. (“Hochschild”) whereby the Victoria Joint Venture has been expanded to include the entire ground comprising Iron Creek’s Vaquillas Project. As a result, the previously excluded porphyry copper properties, [...]

* BHP exits Philippine nickel joint venture * Sale of 40% stake marks BHP’s latest exit from nickel * Stake bought by Philippine partner (Adds details) MANILA/SYDNEY, Dec 22 (Reuters) – Global miner BHP Billiton Ltd/Plc (BHP.AX: Quote) (BLT.L: Quote) has pulled out of a $2 billion nickel project in the southern Philippines after selling [...]

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