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After 14 months on care and maintenance, North American Palladium Ltd.’s Lac des Iles Mine in Ontario will resume production, with the first concentrate slated to be shipped in the second quarter of 2010.
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Asarco LLC has filed a motion with a U.S. bankruptcy court for permission to pay multimillion-dollar bonuses to three of the company’s top executives, claiming that their current compensation packages are “disproportionately low” given the time they have spent steering the U.S. copper producer out of bankruptcy.
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Alcoa Inc. is recalling 100 hourly workers at its Davenport Works in Iowa to meet increased customer demand.
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Canada’s First Quantum Minerals has agreed to buy the Ravensthorpe nickel operations from BHP Billiton for $340 million.
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United Co. Rusal’s attempts to sell shares this year in Hong Kong have been derailed by questions from the exchange’s listing committee about the company’s debt to Russian state-owned bank Vnesheconombank (VEB), a source familiar with the matter said.
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Xstrata Plc will close its Kidd copper and zinc smelters in Ontario next year, incurring an estimated $375 million in cost and impairment charges.
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Junior Canadian miner FNX Mining Co. Inc. is eyeing expansion despite the fact that Vale Inco Ltd.’s nearby Sudbury, Ontario, operations remain on strike and prospects for a global metals recovery are still tentative, according to Dave Constable, vice president of investor relations.
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Teck Resources Ltd. might see larger fourth-quarter operating profits in copper than in coal, a marked change from profit distribution in the third quarter, in which coal represented 59 percent of profits vs. copper’s mere 28-percent share.
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HudBay Minerals Inc.’s leadership team might still be in flux, but that’s not going to stop the Canadian miner from moving forward with merger and acquisition activity if the opportunity arises.
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Fund money continues to flow into the safe-haven commodities sector, providing the industrial metal complex an unusual year-end boost.
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CME Group Inc. is adding Chile’s Minera Spence SA’s Spence copper brand as an approved brand for delivery against its copper futures contract, effective Wednesday.
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Teck Resources Ltd. might see larger fourth-quarter operating profits in copper than in coal, a marked change from profit distribution in the third quarter, in which coal represented 59 percent of profits vs. copper’s mere 28-percent share.
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Fund money continues to flow into the safe-haven commodities sector, providing the industrial metal complex an unusual year-end boost.
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Junior Canadian miner FNX Mining Co. Inc. is eyeing expansion despite the fact that Vale Inco Ltd.’s nearby Sudbury, Ontario, operations remain on strike and prospects for a global metals recovery are still tentative, according to Dave Constable, vice president of investor relations.
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HudBay Minerals Inc.’s leadership team might still be in flux, but that’s not going to stop the Canadian miner from moving forward with merger and acquisition activity if the opportunity arises.
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CME Group Inc. is adding Chile’s Minera Spence SA’s Spence copper brand as an approved brand for delivery against its copper futures contract, effective Wednesday.
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Norway’s Norsk Hydro ASA plans to sell its aluminum rolling mill in Irurtzun, Spain, to a German industrial holding company that specializes in the takeover and reorganization of low-profit entities.
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Corporación Nacional del Cobre de Chile (Codelco) received $1 billion in financing from the Chilean Finance Ministry on Dec. 4, the company said.
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Copper and zinc will be the hardest hit by the reweighting of index funds in January after their meteoric price rise this year.
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The U.S. Defense National Stockpile Center (DNSC) sold 13,200 pounds of cobalt and 4,430 short tons of ferrochrome in November.
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Thompson Creek Metals Co. Inc. has raised cost estimates for its Endako Mine expansion by more than $100 million, claiming that the increased expenditures are necessary if the company hopes to meet its previously announced molybdenum production targets.
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Ivanhoe Mines Ltd. plans to spend $758 million next year on its Oyu Tolgoi copper and gold project in Mongolia as it works toward commercial production in 2013.
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Alcoa North American Rolled Products has announced a 10-cent-per-pound price increase on a number of 6000-series industrial heat-treat plate products.
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Cliffs Natural Resources Inc. on Monday questioned the credibility of its rival in a bidding war for Freewest Resources Canada Inc. as it pushed for Freewest shareholders to back its Canadian $211-million ($201-million) friendly takeover offer.