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Doe Run Co. has named Gary Mard as the St. Louis-based company’s treasurer. Mard, who has served as corporate controller since 2007, will maintain his current responsibilities in addition to taking on his new role.
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Frontera Copper Corp. has appointed co-founder Hugh Snyder to the position of chairman. He replaces Patrick Ryan, the company’s current chairman and also a co-founder, who will remain on the board after retiring from the post.
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Weatherly International Plc plans to put two more of its Namibian mines on care and maintenance, claiming that the mines are no longer viable given current and forecast copper prices.
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The outlook is bleak for the first half of 2009, according to service centers and suppliers polled by the Copper and Brass Servicenter Association (CBSA).
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Despite sinking prices and softening demand, copper and molybdenum concentrate production began as scheduled at Mercator Minerals Ltd.’s Mineral Park Mine in Arizona over the holiday, bucking the global trend of halted projects and shelved expansions.
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Alumina production grew in the third quarter while demand for the raw material has taken a significant hit, causing the global surplus to grow and placing significant downward pressure on pricing, analysts said.
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African Copper Plc is planning to suspend production at its Mowana copper project in Botswana, just weeks after the company exported its first shipment of copper concentrate in October, according to local media reports.
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The outlook is bleak for the first half of 2009, according to service centers and suppliers polled by the Copper and Brass Servicenter Association (CBSA).
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Despite sinking prices and softening demand, copper and molybdenum concentrate production began as scheduled at Mercator Minerals Ltd.’s Mineral Park Mine in Arizona over the holiday, bucking the global trend of halted projects and shelved expansions.
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Aleris International Inc. has permanently closed its Tipton, Ind., specification alloys plant.
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Exide Technologies has agreed to pay a $15,000 fine and to reduce the amount of lead being washed into a creek from the company’s Reading, Pa., lead smelter, Pennsylvania’s Department of Environmental Protection (DEP) said.
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Doe Run Co. has named Gary Mard as the St. Louis-based company’s treasurer.
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Frontera Copper Corp. has appointed co-founder Hugh Snyder to the position of chairman.
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Weatherly International Plc plans to put two more of its Namibian mines on care and maintenance, claiming that the mines are no longer viable given current and forecast copper prices.
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November marked the fifth consecutive month of falling copper prices on the London Metal Exchange, with copper basis three months tumbling almost 9 percent and stockpiles climbing to their highest levels since February 2004.
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MMC Norilsk Nickel will cut production both this year and next, along with costs, investments and jobs in 2009, as demand continues to suffer in the slowing global economy, the Moscow-based company said Monday.
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China is more likely to reduce or even cancel its refined lead export tax amid slumping domestic demand and weak auto sales, market sources said.
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Rio Tinto Alcan Inc., Montreal, has cut its remelt ingot and billet prices for December. Remelt ingot is now at 92 cents a pound, down 12 cents from $1.04 a month earlier, and billet at $1.02, off 14 cents from November’s $1.16 a pound. The billet price doesn’t include a 2-cent increase due to take effect Jan. 1.
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An Alcoa Inc. executive has been elected chairman of the European Aluminium Association (EAA), Brussels.
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Rio Tinto Alcan Inc., Montreal, has cut its remelt ingot and billet prices for December.
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An Alcoa Inc. executive has been elected chairman of the European Aluminium Association (EAA), Brussels.
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Mitsubishi Materials Corp. plans to loan up to Canadian $28.75 million ($23.2 million) to Similco Mines Ltd., a wholly owned subsidiary of Vancouver, British Columbia-based Copper Mountain Mining Corp.
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Zambia Electricity Supply Corp. (Zesco) will reduce power to Zambia’s copper mines by 16 percent while it repairs a major transmission line elsewhere in the country, forcing producers to scale down operations and switch off non-essential equipment wherever possible.
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Straits Resources Ltd. will forgo an expansion at its Tritton copper mine and hold production at 2,200 tonnes a month, the West Perth, Australia-based company said.