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U.S. magnesium consumers and suppliers are far apart in negotiating 2009 contracts as the automotive market falters and global prices have dipped significantly, although domestic prices have softened only slightly over the past several months, market sources said.
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Sherritt International Corp. said it would slow down construction work to cut costs at its Ambatovy nickel project in Madagascar, which could cause delays to the project’s completion.
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Sherritt International Corp. said it would slow down construction work to cut costs at its Ambatovy nickel project in Madagascar, which could cause delays to the project’s completion.
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Mirabela Nickel Ltd. has extended an $80-million bridge loan from Barclays Plc and Credit Suisse Group until next June 30, the Perth, Western Australia-based miner said.
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Western Copper Corp. has named Paul West-Sells executive vice president of corporate development, effective immediately.
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Benton Resources Corp. has entered into a joint venture with Royal Roads Corp. and Golden Dory Resources Ltd., a subsidiary of 540 Capital Corp., to explore and develop nickel sulfide deposits in Newfoundland, the companies said in a joint statement.
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Russian bank VTB Group will provide a 4.8-billion-ruble ($175.7-million) loan to Urals Mining & Metals Co. (UMMC) as part of a countrywide effort to infuse capital into some of the nation’s struggling industries.
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Xstrata Copper has submitted an environmental impact study (EIS) for its El Morro copper project in Chile, moving the $2.5-billion project one step closer to production.
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Norsk Hydro ASA, Oslo, Norway, is still on track to start production at its Qatar Aluminium Ltd. (Qatalum) project at the end of 2009 despite the current challenging economic environment, John Ottestad, the company?s chief financial officer, said Monday.
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Xstrata Copper has submitted an environmental impact study (EIS) for its El Morro copper project in Chile, moving the $2.5-billion project one step closer to production.
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NovaGold Resources Inc. is facing a serious cash squeeze that could result in it losing control of the Galore Creek project in British Columbia, one of the world’s largest undeveloped copper-gold ore bodies.
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JSC Kamensk-Uralsky Metallurgical Works (Kumz) of Russia said it has been approved as a supplier of certain aluminum plate products in support of a long-term supply agreement with Boeing Commercial Airplanes, Renton, Wash., a unit of Chicago-based Boeing Co.
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General Moly Inc., Lakewood, Colo., will not cancel its Mt. Hope molybdenum project in Nevada, although restrictions on financing could cause delays.
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Aleris International Inc. is idling a coil coating line in Roxboro, N.C., next week, laying off 45 employees and reducing potential output by about 25 million pounds annually.
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NovaGold Resources Inc. is facing a serious cash squeeze that could result in it losing control of the Galore Creek project in British Columbia, one of the world’s largest undeveloped copper-gold ore bodies.
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JSC Kamensk-Uralsky Metallurgical Works (Kumz) of Russia said it has been approved as a supplier of certain aluminum plate products in support of a long-term supply agreement with Boeing Commercial Airplanes, Renton, Wash., a unit of Chicago-based Boeing Co.
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General Moly Inc., Lakewood, Colo., will not cancel its Mt. Hope molybdenum project in Nevada, although restrictions on financing could cause delays.
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Western Copper Corp. has named Paul West-Sells executive vice president of corporate development, effective immediately.
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Russian bank VTB Group will provide a 4.8-billion-ruble ($175.7-million) loan to Urals Mining & Metals Co. (UMMC) as part of a countrywide effort to infuse capital into some of the nation’s struggling industries.
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Benton Resources Corp., Royal Roads Corp. and Golden Dory Resources Ltd., a subsidiary of 540 Capital Corp., have entered into a joint venture to explore and develop nickel sulfide deposits in Newfoundland, the companies said in a joint statement.
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Mirabela Nickel Ltd. has extended an $80-million bridge loan from Barclays Plc and Credit Suisse Group until next June 30, the Perth, Western Australia-based miner said.
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Aleris International Inc. is idling a coil coating line in Roxboro, N.C., next week, laying off 45 employees and reducing potential output by about 25 million pounds per year.
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Aluminum production cuts inside China alone won’t be enough to prevent huge world surpluses next year, Macquarie Bank said in a report Monday.
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Aluminum production cuts inside China alone won’t be enough to prevent huge world surpluses next year, Macquarie Bank said in a report Monday.