TORONTO, July 4 – Vale said on Sunday it reached a tentative contract agreement with workers at its Sudbury, Ontario, nickel and copper mining operation, signaling the end of a bitter, year-long strike. The Brazilian mining giant said it struck a deal with the United Steelworkers Local 6500 and 6200 representing production and maintenance employees [...]

Hallgarten & Company’s Christopher Ecclestone forecasts “zinc and lead could be back at the 90 cts level within weeks, and should end the year above $1 per lb.” In an analysis published Wednesday, Ecclestone said Hallgarten’s 12-month outlook is for zinc to again reach $1.10 or slightly higher. “Zinc is in a very delicate place,” [...]

* Processing fees to rise to around $270 per tonne * Deal between Teck Resources and Xstrata (Updates with details, quotes) By Chris Kelly SCOTTSDALE, ARIZONA, Feb 28  - Key zinc mining and smelter firms have agreed to processing fees of around $270 a tonne, up almost 40 percent on last year, industry sources said [...]

LIBERTY, MO  – 03/01/10 — marketfriendly, inc. research finds that the conventional molybdenum market model is flawed because it does not account for scrap metal. Forecasts made from such a model will be impaired as a result. By studying the scrap metal market, one can see that the recession was a scrap dealer’s recession more [...]

JAKARTA, Feb 24  - The Indonesian unit of Freeport McMoran Copper&Gold Inc said on Wednesday it is would sell more copper concentrate to a local smelter as required by a new mining law, but that talks with the smelter have stalled. Under the new law, miners must process minerals using their own facilities or by [...]

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 [...]

BHP Billiton stands alone among the global miners in being able increase its dividend payment despite the damage done to its December half profit from the now waning impact of the global financial crisis. But Australian shareholders will not be at the front of the line thanking the company for its generosity. While the interim [...]

* Company sees 2010 copper prices at $3.25/lb * Puts 2010 copper estimate at 500,000 tonnes * Says to produce 18,500 tonnes of molybdenum this year * Still no restart date for strike-hit Cananea LIMA, Feb 2 – Southern Copper Corp, one of the world’s largest copper producers, said on Tuesday it sees average copper [...]

BHP Billiton on Wednesday provided the latest sign that the decades-old mechanism to set an annual contract price for iron ore is breaking down , as the Anglo-Australian mining group said that nearly half its customers had moved to pricing systems linked to the spot market. Releasing its production report for the six months ended [...]

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