Jul
20
Boliden misses Q2 forecast on higher costs, shares off……
July 20, 2010 | 1 Comment
STOCKHOLM, July 19 – Miner and smelter Boliden (BOL.ST: Quote) narrowly missed second-quarter operating profit forecasts on Monday, hit by higher costs and sending its shares down more than 4 percent. The Swedish firm, mainly focused on copper and zinc, said the expansion of its Aitik mine had helped boost copper production by more than [...]
Jun
30
CHENGDU, China, June 30 – An Afghanistan copper mine joint venture between Metallurgical Corp of China (MCC) and Jiangxi Copper is expected to start production of copper concentrates in 2013, an MCC executive said on Wednesday. This is two year’s later than the end-2011 startup date stated in September by MCC president Shen Heting, but [...]
Jun
23
Copper production back in full swing..
June 23, 2010 | Leave a Comment
COPPER mines in Zambia, Africa’s top producer of the metal, are back in full production after a nationwide blackout halted output on Friday, a senior Government official and mining companies said on Monday. Copperbelt Province Permanent Secretary Villie Lombanya told Reuters all the mines had returned to normal production after they replaced equipment damaged due [...]
Mar
1
* 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 [...]
Feb
26
Smelters May Win Higher Zinc Fees as Mine Supply Increases..
February 26, 2010 | Leave a Comment
Feb. 26 — Korea Zinc Co., the world’s second- largest smelter, and Mitsui Mining & Smelting Co., may win higher processing fees on increased mine supply, said analysts Atsushi Yamaguchi and Kim Gyung Jung. “We expect a small increase of 2.5 percent this year as mine supply is now enough,” said Yamaguchi, a Tokyo-based analyst [...]
Feb
22
Rey Resources divests non-core Humitos copper leases.
February 22, 2010 | Leave a Comment
Rey Resources (ASX:REY) will divest its Humitos copper exploration leases in Chile to China Yunnan Copper Australia (ASX: CYU). 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 [...]
Feb
10
BHP talks up Nickel West performance in face of sale rumours..
February 10, 2010 | Leave a Comment
BHP Billiton has talked up the performance of its Nickel West unit in the Goldfields in the face of persistent market speculation the mining giant is looking to offload the asset. On the day BHP completed the controversial sale of its loss-making Ravensthorpe laterite project to Canada’s First Quantum Minerals for $US340 million ($388 million), [...]
Feb
5
Xstrata Sudbury deal has ‘no bearing’ on Vale.
February 5, 2010 | Leave a Comment
TORONTO – The United Steelworkers (USW) union said on Friday that a recent contract agreement between Xstrata Nickel and its Sudbury workers should send Vale Inco back to the bargaining table with its own striking employees, but the company responded that a deal signed by another company has nothing to do with its own situation.More [...]
Feb
2
Xstrata, Sudbury workers reach tentative agreement..
February 2, 2010 | Leave a Comment
Anglo-Swiss miner Xstrata Plc (XTA.L: Quote) reached a tentative deal with unionized workers at its Canadian nickel mining operations in Sudbury, Ontario, on Monday, averting a strike that would have all but shut down base metals production in the Sudbury region. Talks between the company and workers — represented by the Canadian Auto Workers — [...]
Feb
2
DJ Copper Mine Output Capacity To Increase 19% By 2013..
February 2, 2010 | Leave a Comment
LONDON, Feb 02, 2010 - Copper mine production capacity should grow at an average of 4.3% a year to reach 23.1 million metric tons by 2013, and based on existing facilities and announced project developments, mine output should increase by 19%, or 3.6 million tons, in 2013 from 2009, the International Copper Study Group said [...]