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Chile’s Gaby mining complex was inaugurated on Tuesday by Chilean President Michelle Bachelet, who praised the 150,000 tonne-a-year project for its modernity and sustainability.
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The Defense National Stockpile Center (DNSC) has reduced the minimum purchase for high-carbon ferrochromium to a bulk weight of 100 short tons from 200 tons previously.
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Norsk Hydro ASA is scheduled to shut down the Søderberg potlines at its Karmøy aluminum plant in Norway at the end of the first quarter next year due to falling aluminum prices and demand. The potlines have a capacity of 120,000 tonnes annually.
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Copper Resources Corp. (CRC) has stripped Central African Mining & Exploration Co. Plc (Camec)of its voting rights and rights to dividend payments after the London-based company failed to make an obligatory offer to its other main shareholder, Metorex Ltd., the company said.
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The collapse of base metal prices recently has prompted Acadian Mining Corp., Halifax, Nova Scotia, to scale back lead and zinc mining operations and consider scrapping such mining altogether in favor of less volatile gold.
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The collapse of base metal prices recently has prompted Acadian Mining Corp., Halifax, Nova Scotia, to scale back lead and zinc mining operations and consider scrapping such mining altogether in favor of less volatile gold.
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Molybdenum prices in the United States have hit bottom at around $10 a pound, according to several traders, but are not expected to rebound significantly, at least through the first six months of next year.
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U.S. Steel Corp., Pittsburgh, has named two executives to fill openings created by the retirement of a pair of company veterans.
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Molybdenum prices in the United States have hit bottom at around $10 a pound, according to several traders, but are not expected to rebound significantly, at least through the first six months of next year.
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Copper prices teeter around the $3,100-a-tonne mark, about the marginal cost of production for some smelters, according to Barclays Capital Plc, London, renewing concerns among industry players that slumping prices might plow right through formerly reliable pricing supports.
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Aluminum pricing could not continue Monday’s bounce, which appears to have been short-lived, according to market observers.
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Swedish zinc producer Boliden AB will cut production by a combined 60,000 tonnes per year at its Odda smelter in Norway and its Kokkola smelter in Finland, effective immediately, on low demand and market uncertainty.
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Copper prices teetered around the $3,100-a-tonne mark, about the marginal cost of production for some smelters, according to Barclays Capital Plc, London, renewing concerns among industry players that slumping prices might plow right through formerly reliable pricing supports.
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Another delay expected in the delivery schedule for the Boeing 787 Dreamliner would exacerbate an already extensive industry overhang of titanium.
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Aluminum pricing could not continue Monday’s bounce, which appears to have been short-lived, according to market observers.
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Spot sales of ferrosilicon have come to a grinding halt in the United States as ferroalloy consumers work through existing inventories and put off placing new orders for the time being, according to traders and producers.
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The Defense National Stockpile Center (DNSC) has reduced the minimum purchase of high-carbon ferrochromium to a bulk weight of 100 short tons from 200 tons previously.
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Base metals rallied Monday to overcome multiyear lows on news of President-elect Barack Obama’s promise to reinvigorate the U.S. economy with a massive infrastructure spending plan, though traders warned that it might be premature to expect any quick rise in physical metal demand.
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Canadian merchant bank Jaguar Financial Corp., which has opposed HudBay Minerals Inc.’s intended purchase of Lundin Mining Corp. from the start, voiced a slew of new complaints on Friday.
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The U.S. Environmental Protection Agency (EPA) has closed the public comment period on the merits of the US Magnesium LLC facility in Tooele County, Utah, being placed on the National Priorities List (NPL) of federal Superfund sites.
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The U.S. Environmental Protection Agency (EPA) has closed the public comment period on the merits of the US Magnesium LLC facility in Tooele County, Utah, being placed on the National Priorities List (NPL) of federal Superfund sites.
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Despite recently announcing a massive debt-reduction plan for the New Year that includes the suspension of dividends and the shelving of projects—including withdrawing from its joint-venture Petaquilla copper project in Panama—Canadian miner Teck Cominco Ltd. plans to continue with the development of a number of other base metal operations throughout Canada and Chile.
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Canadian merchant bank Jaguar Financial Corp., which has opposed HudBay Minerals Inc.’s intended purchase of Lundin Mining Corp. from the start, voiced a slew of new complaints on Friday.