Nonferrous RSS

  • N. American Palladium sets mine restart Dec 09, 2009

    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.

  • Asarco seeks multimillion-dollar bonuses for three execs Dec 09, 2009

    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.

  • Alcoa Davenport recalling 100 laid-off workers Dec 09, 2009

    Alcoa Inc. is recalling 100 hourly workers at its Davenport Works in Iowa to meet increased customer demand.

  • First Quantum buys Ravensthorpe nickel operations for $340M Dec 08, 2009

    Canada’s First Quantum Minerals has agreed to buy the Ravensthorpe nickel operations from BHP Billiton for $340 million.

  • Rusal’s Hong Kong listing delayed by debt questions Dec 08, 2009

    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.

  • Xstrata sets closure of Kidd smelters Dec 08, 2009

    Xstrata Plc will close its Kidd copper and zinc smelters in Ontario next year, incurring an estimated $375 million in cost and impairment charges.

  • Despite challenges, FNX Mining looking to expand Dec 08, 2009

    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.

  • Teck’s copper profits seen outstripping coal in 4th qtr. Dec 08, 2009

    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.

  • HudBay seeking M&A, internal growth Dec 08, 2009

    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.

  • Fund money, spot buys buoy aluminum Dec 08, 2009

    Fund money continues to flow into the safe-haven commodities sector, providing the industrial metal complex an unusual year-end boost.

  • CME Group adds copper brand, delists warehouse Dec 08, 2009

    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.

  • Teck's copper profits seen outstripping coal in 4th qtr. Dec 08, 2009

    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.

  • Fund money, spot buys buoy aluminum Dec 08, 2009

    Fund money continues to flow into the safe-haven commodities sector, providing the industrial metal complex an unusual year-end boost.

  • Despite challenges, FNX Mining looking to grow Dec 08, 2009

    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.

  • Canada's HudBay Minerals seeking M&A, internal growth Dec 08, 2009

    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.

  • CME Group adds copper brand Dec 08, 2009

    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.

  • Hydro to sell Spanish aluminum rolling mill Dec 07, 2009

    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.

  • Codelco receives $1B from Chilean government Dec 07, 2009

    Corporación Nacional del Cobre de Chile (Codelco) received $1 billion in financing from the Chilean Finance Ministry on Dec. 4, the company said.

  • Copper, zinc will be hardest hit by index reweighting in Jan. Dec 07, 2009

    Copper and zinc will be the hardest hit by the reweighting of index funds in January after their meteoric price rise this year.

  • DNSC nets $6.9M for cobalt, ferrochrome Dec 07, 2009

    The U.S. Defense National Stockpile Center (DNSC) sold 13,200 pounds of cobalt and 4,430 short tons of ferrochrome in November.

  • Thompson Creek raises cost estimates for Endako molybdenum mine Dec 07, 2009

    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.

  • Ivanhoe set to spend $758M on Mongolian mine in 2010 Dec 07, 2009

    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.

  • Alcoa increases heat-treat plate Dec 07, 2009

    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.

  • Cliffs questions Noront bid credibility in chromite bidding war Dec 07, 2009

    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.

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