Nonferrous RSS

  • Norddeutsche set to close part of Belgian copper unit Nov 24, 2008

    Norddeutsche Affinerie AG, Europe’s largest copper producer, has announced plans to close one of five production lines at its 345,000-ton-per-year Olen copper plant in Belgium.

  • Sherwood-Capstone merger OK’d by court Nov 24, 2008

    The British Columbia Supreme Court has approved the merger of Sherwood Copper Corp. and Capstone Mining Corp., creating a new mid-size player in the Canadian copper industry, effective Monday.

  • Hindustan Copper output down Nov 24, 2008

    Hindustan Copper Ltd. (HCL) expects production to be down as much as 20 percent in its current fiscal year due to an extended smelter shutdown from April to September.

  • Sterlite closes smelter temporarily Nov 24, 2008

    Sterlite Industries (India) Ltd. will take its Tuticorin copper smelter in south India off-stream for about a month due to a faulty cooling tower.

  • Apogee halts zinc-lead mine production Nov 24, 2008

    Apogee Minerals Ltd. has suspended production at its La Solucion Mine, a zinc-lead-silver mining operation just north of La Paz, Bolivia.

  • Minera Autlán finance chief exits Nov 24, 2008

    Lorenzo Belden Torres will leave his post as chief financial officer of Mexican miner Cía. Minera Autlán SA de CV on Nov. 30, the company said in a filing with the Mexican stock exchange.

  • Copper Mesa hits another roadblock on Junin project Nov 24, 2008

    Copper Mesa Mining Corp. has again received a notice from an Ecuadorian mining official annulling two concessions that form its Junin copper-molybdenum project.

  • Sherwood-Capstone merger OK’d by court Nov 24, 2008

    The British Columbia Supreme Court has approved the merger of Sherwood Copper Corp. and Capstone Mining Corp., creating a new mid-size player in the Canadian copper industry, effective Monday.

  • Apogee halts zinc-lead mine production Nov 24, 2008

    Apogee Minerals Ltd. has suspended production at its La Solucion Mine, a zinc-lead-silver mining operation just north of La Paz, Bolivia.

  • Minera Autlán finance chief stepping down Nov 24, 2008

    Lorenzo Belden Torres will leave his post as chief financial officer of Mexican miner Cía. Minera Autlán SA de CV on Nov. 30, the company said in a filing with the Mexican stock exchange. He will be replaced by Gustavo Cárdenas Aguirre, currently the company’s investor relations director.

  • Norddeutsche set to close part of Belgian copper unit Nov 21, 2008

    Norddeutsche Affinerie AG, Europe’s largest copper producer, has announced plans to close one of five production departments at its 345,000-ton Olen copper plant in Belgium.

  • HudBay agrees to acquire Lundin for $630M Nov 21, 2008

    HudBay Minerals Inc., Toronto, on Friday agreed to acquire Lundin Mining Corp. in an all-stock deal valued at around C$800 million ($630 million) as of the market close Thursday, marking the formation of Canada’s second-largest base metals producer, rivaled only by Teck Cominco Ltd.

  • Aluminum canstock demand drifts south amid plastic shift Nov 21, 2008

    Aluminum canstock has normally been one of the most resilient end-markets in an economic downturn, but even that sector is showing signs of demand contraction due to a movement to plastic bottles by U.S. consumers, according to market players.

  • US ferrochrome prices still tumbling Nov 21, 2008

    U.S. ferrochrome prices have fallen steadily over the past month or so and demand remains virtually nonexistent, ferroalloy traders told AMM.

  • US ferrochrome prices still tumbling Nov 21, 2008

    U.S. ferrochrome prices have fallen steadily over the past month or so and demand remains virtually nonexistent, ferroalloy traders told AMM.

  • Norilsk could sell metal to government Nov 21, 2008

    MMC Norilsk Nickel may consider selling some of its metal production to the Russian government as a means of offloading material in the weak market, a company spokesman said Friday.

  • Constellation Copper behind on filings Nov 21, 2008

    Constellation Copper Corp. has delayed filing its third-quarter financial statements due to the continued failure to reach a restructuring agreement with Jaguar Financial Corp. and Glencore International AG, as well as ongoing negotiations with Investec Bank Ltd.

  • Anaconda Mining loses Chilean partner Nov 21, 2008

    Sinking metal prices have prompted Minera Peñoles de Chile to pull out of its copper-gold joint venture with Toronto-based Anaconda Mining Inc.

  • World copper surplus up in first 8 months Nov 21, 2008

    The world copper market showed a production surplus of about 75,000 tonnes in the first eight months of this year, up sharply from 22,000 tonnes in the same 2007 period, according to preliminary data from the International Copper Study Group (ICSG), Lisbon.

  • World copper surplus up in first 8 months Nov 21, 2008

    The world copper market showed a production surplus of about 75,000 tonnes in the first eight months of this year, up sharply from 22,000 tonnes in the same 2007 period, according to preliminary data from the International Copper Study Group (ICSG), Lisbon.

  • Constellation Copper behind on filings Nov 21, 2008

    Constellation Copper Corp. has delayed filing its third-quarter financial statements due to the continued failure to reach a restructuring agreement with Jaguar Financial Corp. and Glencore International AG, as well as ongoing negotiations with Investec Bank Ltd.

  • Anaconda Mining loses Chilean partner Nov 21, 2008

    Sinking metal prices have prompted Minera Peñoles de Chile to pull out of its copper-gold joint venture with Toronto-based Anaconda Mining Inc.

  • Lead demand insulated from economic downturn Nov 21, 2008

    Demand for metals may be softening across the globe this holiday season, but for lead producers winter is still “the most wonderful time of the year”—battery season.

  • Teck making widespread cuts in face of market woes Nov 20, 2008

    Teck Cominco Ltd. has announced a drastic debt-reduction plan for 2009 that includes suspending shareholder returns, abandoning projects, trimming operating costs and taking production off-stream at a number of its global mining operations.

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