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Despite an unprecedented order book for the Boeing 787 Dreamliner that only grew larger as 2008 came to an end, program delays on the new plane continue to cast a cloud over the New Year’s outlook for titanium.
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Wolverine Tube Inc. has released third quarter results—results it hopes are correct after it filed erroneous reports in both the first and second quarters of 2008—and they aren’t good.
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Zijin Mining Group Co. Ltd. plans to build a 200,000 tonne-per-year copper smelter, with commissioning set for the second half of 2012.
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To say that 2008 was a year of changed expectations for the aluminum market would be putting it mildly.
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SouthGobi Energy Resources Ltd., Vancouver, British Columbia, has sold its metals division to Ivanhoe Mines Ltd. for $3 million.
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Copper fabricators in China are facing a tough January, with some likely to default on purchase contracts signed when the market was booming earlier in 2008, market participants said.
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Rio Tinto Plc, London, has reached an agreement to sell its 50-percent stake in a Chinese aluminum smelter, a company spokesman confirmed Tuesday.
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SouthGobi Energy Resources Ltd., Vancouver, British Columbia, has sold its metals division to Ivanhoe Mines Ltd. for $3 million.
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Rio Tinto Plc, London, has reached an agreement to sell its 50-percent stake in a Chinese aluminum smelter, a company spokesman confirmed Tuesday.
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December was a cruel month for copper, which plummeted more than 20 percent within a 30-day period to end a year that will be remembered for base metals’ peaking highs and crippling lows.
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Chile’s state-owned Codelco has sold its $5-million stake in Minera Pecobre SA de CV to Mexico’s Industrias Peñoles SA de CV. Pecobre, a copper firm with exploration activities in Mexico’s northern Sonora state, was formed in May 2005 as a joint venture between the company and Peñoles. On Tuesday, Codelco (Corporacion Nacional del Cobre de Chile) confirmed that it had sold its 49-percent interest in the Mexican exploration company but gave no reason for the sale.
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MMC Norilsk Nickel has appointed a prominent ex-Kremlin official as chairman of its new board of directors in a sign that the Russian authorities are seeking to tighten control of the country’s key industries.
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Glencore International AG has tightened its grip on the Democratic Republic of Congo (DRC) copper-cobalt producer Katanga Mining Ltd. after throwing the troubled company a $265.3-million lifeline. Switzerland-based Glencore has agreed a two-year convertible loan facility, comprising $100 million underwritten by Glencore Finance and an amendment of an existing $150-million loan, with accrued interest, amounting to $165.3 million.
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Creston Moly Corp. plans to appeal an arbitration ruling to pay a finders fee of Canadian $4.14 million ($3.4 million) for the acquisition of Toronto-based Creston Mining Corp. and its Minera Exploraciones Global SA de CV subsidiary in Mexico.
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Recoiling from collapsing metal prices and a brutal third quarter, Amerigo Resources Ltd., Vancouver, British Columbia, has taken a number of steps to secure capital and reduce costs in the upcoming year that the junior miner hopes will keep it afloat in an increasingly dismal economic environment.
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Junior miner Zaruma Resources Inc., Toronto, has lost control of the shares in wholly owned Mexican subsidiary Minerales Libertad SA de CV after defaulting on a $23.5-million loan from a unit of Glencore International AG, Zug, Switzerland.
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Chile’s state-owned Codelco has sold its $5-million stake in Minera Pecobre SA de CV to Mexico’s Industrias Peñoles SA de CV.
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Recoiling from collapsing metal prices and a brutal third quarter, Amerigo Resources Ltd., Vancouver, British Columbia, has taken a number of steps to secure capital and reduce costs in the upcoming year that the junior miner hopes will keep it afloat in an increasingly dismal economic environment.
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Creston Moly Corp., Vancouver, British Columbia, plans to appeal an arbitration ruling to pay a finders fee of Canadian $4.14 million ($3.4 million) for the acquisition of Toronto-based Creston Mining Corp. and its Minera Exploraciones Global SA de CV subsidiary in Mexico.
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Virgin Metals Inc., a Toronto-based junior exploration and development company, has agreed to buy Nevada Eagle Resources LLC’s Topper molybdenum project in Nevada for 3 million common shares.
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Aluminum prices fell on the London Metal Exchange Monday as a sluggish market was largely indifferent to China’s reported aluminum buying, given the preponderance of bearish macroeconomic news.
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Alcoa Inc. has begun dredging contaminated sediment from the Columbia River and has removed more than 5,000 cubic yards of high-level polychlorinated biphenyl (PCB)-contaminated sediment from a site adjacent to a former aluminum smelter in Washington, according to a report from the Washington Department of Ecology.
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Alcoa Inc. has begun dredging contaminated sediment from the Columbia River and has removed more than 5,000 cubic yards of high-level polychlorinated biphenyl (PCB)-contaminated sediment from a site adjacent to a former aluminum smelter in Washington, according to a report from the Washington Department of Ecology.
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A military coup hasn’t disrupted alumina and bauxite mining operations in Guinea, despite concerns in the bauxite-rich west African country about the new government’s plans to push ahead with a review of the country’s mining operations.