Nonferrous RSS

  • Xstrata will book $440M charge for Araguaia Dec 07, 2010

    A $440-million post-tax impairment charge will be booked by Xstrata Plc for the Araguaia nickel project in Brazil, which it deferred during the global financial crisis. Xstrata acquired Araguaia when it bought Falconbridge Ltd. in 2006. It spent about $50 million on the project until development was halted. Xstrata has assigned higher priority to other nickel projects, including Koniambo in New Caledonia, Kabanga in Tanzania and the 50-percent capacity restart at Falcondo in the Dominican Republic. Xstrata noted that Araguaia—containing 105 million tonnes of measured and indicated resources grading 1.33-percent nickel and an additional 18 million tonnes of inferred resources grading 1.3-percent nickel—remains one of its longer-term options for growth.

  • China will lead ferrochrome demand recovery Xstrata Dec 07, 2010

    China will lead a recovery in ferrochrome demand through 2013, according to Peet Nienaber, chief executive officer of Xstrata Alloys. China has witnessed extraordinary demand growth over the past decade and the country will remain heavily reliant on ferrochrome imports over the next three years as consumption grows, Nienaber told investors in London. The country has used about 3.5 million tonnes of ferrochrome this year, while domestic production has totaled around 2 million tonnes, according to Xstrata. The country is expected to produce about 2.5 million tonnes in 2013, but consumption is forecast to jump to more than 4.75 million tonnes. “Global ferrochrome demand will be underpinned by growth in China . . . led by increasing consumer durables production and a recovery in consumer confidence,” Nienaber told investors. Xstrata’s ferrochrome production will continue to benefit from cost savings generated through power supply innovation in South Africa, he added.

  • Striking Collahuasi copper miners accept wage offer (Update) Dec 07, 2010

    Striking workers at Chile’s Cia. Minera Dona Ines de SCM Collahuasi (Collahuasi) copper mine are preparing to return to work after accepting the company’s wage offer late Monday.

  • Striking Collahuasi copper miners accept wage offer Dec 07, 2010

    Striking workers at Chile’s Cia. Minera Dona Ines de SCM Collahuasi (Collahuasi) copper mine are preparing to return to work after accepting the company’s wage offer late Monday.

  • ZincOx signs 50-year lease for Korean recycling plant Dec 07, 2010

    ZincOx Resources Plc has signed a 50-year lease for the site of its planned recycling plant in South Korea.

  • Century Aluminum restarting potline Dec 07, 2010

    Century Aluminum Co. plans to restart an idled potline at its Hawesville, Ky., smelter during the first quarter, increasing capacity by 4,370 tonnes per month.

  • Glencore merger talk is conjecture Xstrata's Davis Dec 07, 2010

    Suggestions that Xstrata Plc will pursue a merger with main shareholder Glencore International AG are just conjecture, according to Mick Davis, the company’s chief executive officer.

  • Century Aluminum restarting idled potline Dec 07, 2010

    The potline was shut in March 2009 due to high costs and depressed aluminum prices. The five potlines at the smelter have a total capacity of about 250,000 tonnes per year.

  • Striking Collahuasi copper miners accept wage offer Dec 07, 2010

    Striking workers at Chile’s Cia. Minera Dona Ines de SCM Collahuasi (Collahuasi) copper mine are preparing to return to work after accepting the company’s wage offer late Monday.

  • Novelis to shut Aratu smelter in Brazil Dec 06, 2010

    Novelis Inc. will shut its 60,000-tonne-per-year, loss-making primary aluminum smelter in Aratu, Brazil, by Dec. 31 due to high operating costs and a lack of competitively priced energy supply.

  • Novelis to shut Aratu aluminum smelter in Brazil Dec 06, 2010

    Novelis Inc. will shut its 60,000-tonne-per-year, loss-making primary aluminum smelter in Aratu, Brazil, by Dec. 31 due to high operating costs and a lack of competitively priced energy supply.

  • Quanex sees rough 2011 as incentives end Dec 06, 2010

    Quanex Building Products Corp. provided a sobering forecast for 2011, saying that sales and operating earnings will decline next year because of the expiration of temporary government incentives for the housing market.

  • Collahuasi labor talks drag on over bonus Dec 06, 2010

    Labor talks at Chile’s strike-hit Cia. Minera Dona Ines de Collahuasi SCM (Collahuasi) copper mine continue after management and unions failed to reach an agreement over the weekend.

  • Rio Tinto beefs up China ties via Chinalco, Sinosteel deals Dec 06, 2010

    Rio Tinto has strengthened its China links on two fronts, agreeing to explore for minerals in China with Aluminum Corp. of China (Chinalco) and extending an iron ore joint venture with Sinosteel Corp.

  • WikiLeaks names key metals resources Dec 06, 2010

    The WikiLeaks Web site has named a number of metals mines and facilities outside of the United States that are key to U.S. interests, as it published the list of sites that have been placed under the National Infrastructure Protection Plan (NIPP) at the behest of the Department of Homeland Security.

  • Crowflight’s Trevisol quits top posts, replaced by director Dec 06, 2010

    Mark Trevisol has resigned as president and chief executive officer of Canadian junior miner Crowflight Minerals Inc. effective immediately, the company said, adding that Kevin Zhu has been named as his replacement.

  • No squeeze on copper, says LME Dec 06, 2010

    The large position holder in copper is not squeezing the market, the London Metal Exchange said, pointing to the fact that nearby dates are trading in a contango.

  • Ormet renegotiating deal for anode facility in Washington Dec 06, 2010

    Primary aluminum producer Ormet Corp. is renegotiating a deal to buy a carbon anode facility in Mead, Wash., after terminating the original agreement.

  • Stainless sheet prices slip as demand remains soft Dec 06, 2010

    “Nobody’s buying anything they don’t need right now,” a Midwestern service center manager told AMM. “People are holding pretty short inventories. (They) are just looking to keep things cleaned up,” he said.

  • Quanex sees rough ’11 as incentives end Dec 06, 2010

    Quanex Building Products Corp. provided a sobering forecast for 2011, saying that sales and operating earnings will decline next year because of the expiration of temporary government incentives for the housing market.

  • Crowflight's Trevisol quits top posts, replaced by director Dec 06, 2010

    Mark Trevisol has resigned as president and chief executive officer of Canadian junior miner Crowflight Minerals Inc. effective immediately, the company said, adding that current director Kevin Zhu has been named as his replacement.

  • Collahuasi labor talks drag on over bonus payments Dec 06, 2010

    Labor talks at Chile’s strike-hit Cia. Minera Dona Ines de Collahuasi SCM (Collahuasi) copper mine continue after management and unions failed to reach an agreement over the weekend.

  • Antofagasta submits mine study Dec 03, 2010

    Antofagasta Minerals SA has submitted the environmental impact study for its Antucoya copper project to Chilean authorities.

  • Raptor Ventures sells first antimony ore to China Dec 03, 2010

    Antimony miner Raptor Ventures LLC Inc. sold its first 300 tonnes of raw ore output to an undisclosed Chinese company, the first in what could be a series of transactions with the Asian buyer.

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