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As Alcoa Inc. positions itself for the future with a wide-ranging restructuring, the company is increasingly looking to China for growth opportunities.
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Next year is setting up to be interesting for Alcoa Inc. as the company implements a widespread downstream restructuring that will affect about 5 percent of the company’s global work force and result in projected savings of around $125 million.
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The Andina division of Chile’s state copper company Codelco will produce 30,000 to 40,000 tonnes more copper in 2009 following the completion of the first stage of an expansion plan, before falling back to about 250,000 tonnes per year as grades decline, division head Daniel Trivelli said.
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Argentina will post record results in 2006 as policies to develop the mining sector bear fruit amid the high commodity price environment, mining sub-secretary Jorge Mayoral said.
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Canada’s Century Mining Corp. is to seek a listing on the London Stock Exchange at it plans to develop gold and copper operations in Peru and Argentina, chief executive officer Margaret Kent said.
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The New York Mercantile Exchange revealed Friday the position accountability, expiring month position limits and reporting levels for its new Comex futures contracts.
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Ammonium paratungstate (APT) prices have dipped as spot orders come close to a standstill while companies balance their order books before the end of the year.
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Copper production at the 425,000-tonne-per-year Collahuasi copper mine in Chile’s Region I will decline for up to three months starting in January for critical repairs to a mill, Enrique Rohde, country manager of engineering firm ABB Ltd., confirmed.
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Nickel ended Friday’s final kerb session on the London Metal Exchange on par with its previous day’s final kerb close after hitting a record high of $34,300 per tonne earlier in the day on the back of concerns over supply.
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Xstrata Plc, Zug, Switzerland, could decide as early as this week who will get the marketing rights for its nickel and cobalt, a source close to the company said.
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Xstrata Plc’s Fraser Morgan nickel project in Sudbury, Ontario, could begin production by early 2009, the company said Friday.
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Columbia Falls Aluminum Co. LLC, owned by Glencore International AG since May 1999, is hoping to restart the second of its five potlines in the first quarter of 2007.
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Columbia Falls Aluminum Co. LLC, owned by Glencore International AG since May 1999, said it is hoping to restart the second of its five potlines sometime in the first quarter of 2007, according to Haley Beaudry, the company’s manager of external affairs.
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Global Alumina Corp., Saint John, New Brunswick, extended to Dec. 31 from Nov. 30 the deadline for negotiating terms of the joint venture which would develop and operate the company’s alumina refinery project in the Republic of Guinea.
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Xstrata Plc, Zug, Switzerland, could decide as early as next week who will win the marketing rights for its nickel and cobalt, a source close to the company said.
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Mexico’s Grupo IUSA SA de CV has unveiled plans to build a new copper tube plant in the Laredo, Texas.
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Freeport-McMoRan Copper & Gold Inc. is confident its $25.9-billion friendly takeover offer for copper producer Phelps Dodge Corp., Phoenix, will be given the go-ahead by shareholders despite speculation that both companies could be the target of third-party bidders.
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Alcan Inc., Montreal, has set its December price for aluminum remelt at $1.29 a pound and extrusion billet at $1.39 a pound, a 1-cent increase from November.
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Concentrate production at Acadian Gold Corp.’s zinc-lead mine in Nova Scotia could start as early as the first quarter of 2007, ahead of its original forecast of a second-quarter start-up.
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Novelis Inc., Atlanta, said its Novelis Korea Ltd. joint venture plans to invest $4.1 million to install Novelis Fusion casting technology at its Ulsan, South Korea, facility.
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Alcan Inc. raised prices for aluminum remelt and extrusion billet by 1 cent each for December.
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Noranda Aluminum Inc., New Madrid, Mo., raised its rod price for December by 8 cents to $1.46 per pound, up from $1.38 in November.
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Global Alumina Corp. extended to Dec. 31 from Nov. 30 the deadline for negotiating terms of the joint venture which would develop and operate the company’s alumina refinery project in the Republic of Guinea.
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Freeport-McMoRan Copper & Gold Inc., New Orleans, is confident its $25.9-billion friendly takeover offer for copper producer Phelps Dodge Corp., Phoenix, will be given the all-clear from shareholders despite speculation that both companies could be the target of third-party bidders.