Jul
9
JSW Steel, part of the O P Jindal Group, has reported a growth of 14 per cent in its crude steel production in the first quarter of the current financial year over the corresponding period last year. The company produced 1.57 million tonnes of crude steel during the period. Click here to visit SME BuzzAlso [...]
Jul
6
Xstrata resumes work on A$6bn mine…
July 6, 2010 | Leave a Comment
Sydney – Xstrata, the biggest exporter of power-station coal, resumed work on a A$6bn ($5bn) mine and Rio Tinto Group revived a study for an iron ore expansion after Australia reduced a planned resource profits tax, says Bloomberg News, citing the companies. Work and exploration will restart at three coal projects in Queensland state Zug, [...]
Jul
5
Copper inches up; dollar, equities help..
July 5, 2010 | Leave a Comment
LONDON: Copper edged higher on Monday, helped by general dollar weakness, steadier equity markets, arbitrage buying in Shanghai and on the view that last week’s fall had hit support. Trade was quiet, however, due to a national holiday in the United States. Benchmark copper for three-months delivery on the London Metal Exchange closed at $6,469 [...]
Jun
23
HONG KONG, June 23 – China’s top copper producer Jiangxi Copper <0358.HK><600362.SS> said on Wednesday that production at its copper mines and plants in Guixi city in flood-hit Jiangxi province was not affected by recent flooding. Jiangxi Copper would maintain its output target of 900,000 tonnes of refined copper this year versus last year’s output [...]
Jun
21
Kazakh copper mine explosion kills three…
June 21, 2010 | Leave a Comment
An explosion killed three copper miners in central Kazakhstan on Sunday, mine owner Kazakhmys said. Kazakhmys is the world’s eighth-largest copper miner and its shares trade on the London Stock Exchange. A company spokeswoman, reading from a news statement, said a fourth miner had also been injured in the explosion, which occurred at about 1000 [...]
Jun
10
OZ Minerals can cash in on falling copper prices..
June 10, 2010 | Leave a Comment
Jun 10, 2010 OZ Minerals has a $A1bn acquisitions war chest, and it will target copper projects of between 50,000 and 150,000 tonnes per annum. CEO Terry Burgess says the uncertainty created by the proposed tax on mining profits will make it more difficult for the group to expand its Prominent Hill Mine in South [...]
May
21
Fire cuts Nyrstar Australia zinc output 20 pct.
May 21, 2010 | Leave a Comment
SYDNEY, May 21 - Production at Nyrstar’s 265,000-tonnes-per-year zinc Hobart refinery in Australia has been cut by 20 percent indefinitely due to an electrical fire, the company said on Friday. The blaze broke out late on Thursday night and took about three hours to extinguish, a spokeswoman for Dutch-based Nyrstar said from the site on [...]
Mar
1
Anglo restarts Chile copper mines after quake..
March 1, 2010 | Leave a Comment
SANTIAGO, March 1 - Global miner Anglo American (AAL.L) said Monday it had restarted operations at Los Bronces and El Soldado copper mines in Chile after a massive earthquake cut supply to the deposits. Anglo American spokesman Marcelo Esquivel said energy supply was still unstable, but that all operations restarted early on Sunday in both [...]
Feb
26
Kumba halts cheap iron ore to ArcelorMittal SA…
February 26, 2010 | Leave a Comment
Allan Seccombe – KUMBA Iron Ore’s subsidiary Sishen Iron Ore Company (SIOC), told the country’s largest steel producer ArcelorMittal SA it will no longer supply iron ore at an extremely beneficial price. ArcelorMittal SA has requested its own shares be suspended from trade on the JSE. The agreement to sell 6.25 million tonnes of iron [...]
Feb
26
Lundin Mining Releases 2009 Fourth Quarter Results..
February 26, 2010 | Leave a Comment
TORONTO, ONTARIO– – Lundin Mining Corporation (“Lundin” or the “Company”) (TSX:LUN)(OMX:LUMI) today reported net income, before discontinued operations and impairment charges, of $105.2 million ($0.19 per share) for the year and $72.2 million ($0.12 per share) in the fourth quarter of 2009, up from a loss of $131.9 million (loss of $0.32 per share) in [...]