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When cash-strapped Teck Cominco Ltd. pulled out of its joint-venture Petaquilla copper project last month, some questioned whether Inmet Mining Corp. would have the resources to plow ahead alone.
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When cash-strapped Teck Cominco Ltd. pulled out of its joint-venture Petaquilla copper project last month, some questioned whether Inmet Mining Corp. would have the resources to plow ahead alone.
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Maybe 2009 will be better. That was the sentiment among copper scrap industry players as many recyclers and brass ingot makers started shutting down for the last two weeks of the year, market sources said.
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Maybe 2009 will be better. That was the sentiment among copper scrap industry players as many recyclers and brass ingot makers started shutting down for the last two weeks of the year, market sources said.
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Quadra Mining Ltd. has started cathode production at its Carlota copper mine and is gearing up for an increase in production in 2010.
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The future ownership of Israel’s Dead Sea Magnesium Ltd. (DSM) is in doubt after minority shareholder Volkswagen AG said it was pulling out of the joint venture.
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Century Aluminum Co. will lay off 13 percent of the salaried work force at its Monterey, Calif., headquarters and its Kentucky operations as part of its cost-saving efforts, the company said.
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Alcoa Inc. will lay off about 100 workers at its alumina refinery in Point Comfort, Texas, in the wake of a production cut announced in October.
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Century Aluminum Co. will lay off 13 percent of the salaried work force at its Monterey, Calif., headquarters and its Kentucky operations as part of its cost-saving efforts, the company said.
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Alcoa Inc. will lay off about 100 workers at its alumina refinery in Point Comfort, Texas, in the wake of a production cut announced in October.
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The rash of aluminum closures and production curtailments is continuing, with Kaiser Aluminum Corp. announcing plans to close operations at its Tulsa, Okla., extrusion facility and significantly reduce operations at its Bellwood, Va., plant.
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Quadra Mining Ltd., Vancouver, British Columbia, has started cathode production at its Carlota copper mine and is gearing up for an increase in production in 2010.
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The Chinese government bought 30 tonnes of indium from domestic producers last week and might look to buy copper from the international market as it starts to rebuild its strategic stockpiles, according to market sources.
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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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Vale’s move to acquire 50 percent of ailing African base metals exploration company Teal Exploration & Mining Inc., Toronto, will open the way for other copper producers to invest in the mineral-rich Democratic Republic of Congo (DRC), market analysts predict.
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Norddeutsche Affinerie AG plans to change its name to Aurubis, meaning “red gold,” pending shareholder approval in February. The rebranding is an attempt by the German company, Europe’s largest copper producer, to create a unified corporate identity after the April acquisition of Belgian copper company Cumerio SA.
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Chrome ore prices could see a modest recovery in the next four to six weeks amid a sudden increase in inquiries from China, market participants told AMM sister publication Metal Bulletin. “I am more confident about next year than I was a few weeks ago—it looks like China will save the world,” a producer source said.
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A power supply contract has been approved for Alcoa Inc.’s Massena, N.Y., operations by the New York Power Authority (NYPA) board of trustees.
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North American aluminum production is not slowing as quickly as demand, which has caused aluminum stocks to skyrocket, according to the latest statistics from the Aluminum Association, Arlington, Va.
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Western Titanium Inc. has moved to reassure customers that its legal problems won’t affect its ability to do business.
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Norddeutsche Affinerie AG plans to change its name to Aurubis, meaning “red gold,” pending shareholder approval in February. The rebranding is an attempt by the German company, Europe’s largest copper producer, to create a unified corporate identity after the April acquisition of Belgian copper company Cumerio SA.
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David “Skip” Hartquist will take over as president and general counsel of the Copper and Brass Fabricators Council (CBFC) when Joseph L. Mayer retires at the end of this month.
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Talks aimed at averting a labor disruption at British Columbia ports, which handle large volumes of metallurgical coal and metals shipments, are set to resume Friday after breaking off earlier in the week, according to officials close to the negotiations.
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Moody’s Investors Service and Standard & Poor’s Ratings Services (S&P) have both downgraded Rio Tinto on debt concerns.