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The exodus at the troubled Finnish nickel miner continued on Friday as the COO and one board member stepped down.
The diversified miner's ferrous and platinum businesses helped push earnings higher, but the improvement was capped by losses in its copper division.
Glencore Xstrata says Minmetals is the preferred bidder for its Las Bambas copper mine in Peru.
Atlas Copco Drilling Solutions has received an order for four large blasthole drills from Minera Los Pelambres for its major copper/moly/gold mining operation in the Coquimbo region of Chile.
The miner’s Canadian unit has resumed work on its Copper Cliff Deep project and expects to complete a feasibility study by the end of the year.
The work will allow Vedanta to treat both zinc-oxide and zinc-sulfide deposits and extend operations at the Skorpion mine beyond 2017.
“…It can never be too soon or too late for EPA to interfere with projects and destroy the economic and job opportunities they bring for Americans,” says NMA’s Hal Quinn.
Workers at the El Teniente mine approved an early contract agreement on Friday, likely defusing the risk of strikes.
John Kemp says the real barriers to expansion of copper production, as with crude oil, lie above rather than below ground.
The DRC produced 846,000 metric tons of the metal in 2013, about 2% more than Zambia, according to CRU Group.
The state-controlled company's bottom line rose by eight percent in the last three months of the year to 813 million zlotys ($267 million).
A ban on unprocessed ore exports is expected to reduce the country's mining exports to as little as $7bn this year, but a trade official said, this was not outside government forecasts.
The aluminium producer said it would hold its dividend steady as Q4 core profit rose 2% on the back of higher premiums and cheaper inputs.
Kazakhmys plans to sell off less-profitable mines to focus on lower-cost, open-pit mines and growth projects.
The mining magnate is best known for his discovery of the giant Voisey's Bay nickel deposit in Canada and Oyu Tolgoi mine in Mongolia.
The ICDX is setting a weekly minimum price for physical contracts to protect miners against market fluctuations.
Traders say users have been putting their spot purchases on hold as they expect copper prices to fall further after dropping more than 2% this week.
Aurubis says charges dipped in February, in a market for copper concentrates that has remained quiet despite Indonesia's ban on copper ore exports.
The accident occurred when a cage used to hoist copper ore from underground tripped last Friday and claimed seven lives.
Vale’s executive director for base metals thinks nickel may advance to more than $20,000 a metric ton in the next few years because of Indonesia’s ban on ore exports.
The International Monetary Fund forecasts economic growth in the DRC may accelerate to 8.7%, spurred by record copper production.
The owners of the Tujuh Bukit project plan an initial public offering in Jakarta in the third quarter of 2014, looking to raise up to $75 million.
Augusta has urged its shareholders to reject Hudbay’s bid, saying investors controlling more than one-third of its common shares plan to refuse the offer.
The global mining group plans to suspend production at its Yarrie iron ore mine indefinitely as part of its drive to cut costs.
The Kazakh miner has pledged to maintain output despite suspending one of its two smelters for an upgrade last year.
Mining development in the Ring of Fire could generate up to C$9.4 billion in new economic activity in 10 years, says the Ontario Chamber of Commerce.
The country imposed a controversial mining law on January 12 but the rules have left the mining sector in turmoil.
The Thompson Creek molybdenum mine will be kept in good working order so production can resume if and when the market improves.
According to Vale’s head of base metals, the miner is in no rush to reach an agreement with Glencore over the combination of its Sudbury operations.
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