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 [...]

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, [...]

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 [...]

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 [...]

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, 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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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