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U.S. Labor Secretary Hilda L. Solis has appointed James D. English, retired secretary-treasurer of the United Steelworkers union, to the ERISA Advisory Council.
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Freeport McMoRan Copper & Gold declared a cash dividend of $0.25 per share on Wednesday, December 28.
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A train carrying about 1,500 tonnes of copper concentrates, worth $7-8 million, from Oz Minerals' Prominent Hill mine has derailed in Australia due to bad weather, the company said on Thursday December 29.
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Norilsk Nickel will spend more than $3 billion in 2012 on developing its concentrate and metallurgical production, as well as the modernisation of its fixed assets and the development of infrastructure projects
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Shanghai Futures Exchange copper moved down by 1.7% on Thursday, tracking overnight falling prices in London.
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Jiaozuo Wanfang Aluminium Manufacturing will sell aluminium at prices of 17,000 yuan ($2,671) per tonne in its hedging plans for 2012.
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London Metal Exchange copper traded around $7,400 in early Asian trading on Thursday, as rebounding China equities underpinned metal prices.
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Key figures in mining and metals share their thoughts on the year gone by, as well as their expectations for 2012, with Metal Bulletin
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Base metals on the Shanghai Futures Exchange moved up slightly on Wednesday, with copper gaining 0.2% and aluminium up by 0.3%.
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US industrial gas producer Air Products has brought a large-scale on-site high purity ammonia (NH3) plant onstream in China’s Anhui province.
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Major local stainless steel mills all have raised their ferro-chrome prices for January delivery, according to sources.
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London Metal Exchange copper stayed below $7,600 in early Asian trading on Wednesday due to the weak performance of China commodities market.
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The eurozone debt crisis has clouded the outlook for 2012 and forced aluminium producers to become more adaptable to the volatile market dynamics than in previous years.
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Copper prices have declined over the course of 2011 as weak economic sentiment overshadowed the supply-led optimism that was rife at the start of the year.
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Trading veteran Norman Ting has returned to the metals sector, joining Traxys as chairman of its Far East unit after less than two years with infrastructure group Ausenco.
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Hussey Copper Corp. is facing objections to its settlement plan from a former employee and the U.S. trustee overseeing the case, according to court documents filed Thursday.
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Copper prices rose Friday on the back of positive economic headlines and short-covering, market participants told AMM.
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Repayments could be delayed to former U.S. customers of MF Global Holdings Inc. who dealt in foreign futures due to a fund allocation dispute, according to the U.S. trustee overseeing the collapsed investment firm’s liquidation.
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The deadline for preliminary results in an anti-dumping duty new shipper review involving seamless refined copper pipe and tube from Mexico is being extended to April 23 by the Commerce Department’s International Trade Administration (ITA).
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Aluminum orders in North America fell 2.7 percent in November from the previous month due to continued destocking ahead of the year’s end as well as uncertainty about aluminum prices, according to Davenport & Co. LLC data based on seasonally adjusted figures from the Aluminum Association.
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The writ that Anglo American filed on Thursday against Codelco for breach of contract reflects the “difficulties that Anglo’s legal position has been experiencing” in Chile, according to Codelco
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As many as three Barclays Capital traders may leave the base metals team after it made losses on its positions in London Metal Exchange contracts, sources told Metal Bulletin.
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United Co Rusal’s Nikolaev alumina refinery in Ukraine has delivered in 2011 a record annual production level of 1.6 million tonnes of alumina, the company said on Thursday December 22.
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Bismuth prices have stabilized in China but the outlook remains foggy, market participants said.