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PREPARED FOR PRICES TO FALL TO $2,800/TONNE
Kazakhmys can cope with low copper prices
Friday , 21 Nov 2008Kazakhmys says it will be able to cope with copper prices as low as $2,800 per tonne without making redundancies.
MOLYBDENUM PRICES
Molymet forecasting $10 per lb in 2009
Friday , 21 Nov 2008Molymet is expecting moly prices to stay at around $10 per lb in 2009, and is predicting a 20% fall in demand.
NEW MINE SAFETY LAWS
SA holds CEOs accountable for deaths
Friday , 21 Nov 2008South Africa has passed new mine safety laws that will hold CEO’s accountable for fatalities, and raises the maximum fine to 1 million rand.
WORLD GOLD COUNCIL
Q4 gold demand to stabilise at 843 tonnes
Friday , 21 Nov 2008The World Gold Council says gold demand in the fourth quarter will stabilise, after falling 10% last year, at 843 tonnes.
TALKS TO START IN THE NEW YEAR
Southern Copper wants to sell direct to Asia
Friday , 21 Nov 2008Southern Copper is seeking to sell direct to Asia, rather than through traders, and talks are expected to start early next year.
RIO TINTO’S PLANT IN ANGLESEY, WALES
UK aluminium smelter at full output by end-Nov
Friday , 21 Nov 2008Rio Tinto’s aluminium smelter in Anglesey, Wales, will be running at full production by the end of November.
SLIM PICKINGS
Agrium and Potash Corp looking to acquire
Friday , 21 Nov 2008Agrium and Potash Corp of Saskatchewan are looking at acquisitions, but a wave of consolidation has left slim pickings.
EYEING LOW COMMODITY PRICES
Freeport to cut costs further
Friday , 21 Nov 2008Freeport McMoRan is cutting costs further in response to lower commodity prices.
EXPECTING FULL-YEAR PROFITS TO FALL
Norilsk won’t pay dividends in 2008
Thursday , 20 Nov 2008Norilsk Nickel says it won’t pay dividends in 2008 due to the credit crunch, and is expecting a fall in full-year profit.
REVIEWING CAPITAL EXPENDITURE
Impala suspends share buy-back programme
Thursday , 20 Nov 2008Impala Platinum has suspended its share buy-back programme and is reviewing its capital expenditure,
HOPING SALES WILL IMPROVE
NALCO cuts aluminium price by $79.4 per tonne
Thursday , 20 Nov 2008NALCO has cut its aluminium price by $79.4 per tonne, hoping sales will improve.
INVESTMENT PROGRAMME STILL IN PLACE
Russia's top iron ore miner slashes production but retains steel output levels
Thursday , 20 Nov 2008Metalloinvest’s iron ore production is currently running at 65 percent below 2008 peak levels as client overdue debts reach more than $350 million
GAS AND DUST PROTECTION
Emergency breathing apparatus making underground mining safer
Thursday , 20 Nov 2008Three new items of safety equipment for underground miners should help make work in the demanding environment less dangerous to personnel.
CREDIT CRISIS HITS DIAMOND DEMAND
Debswana cutting rough diamond output
Thursday , 20 Nov 2008Debswana will cut its rough diamond output to reflect falling demand due to the credit crisis.
HIT BY RISING FUEL COSTS
Australian miners may turn to solar power
Thursday , 20 Nov 2008Australian miners may turn to 24-hour solar-powered systems as the price of diesel rockets, according to the head of a private renewable power firm.
COLD-ROLLED STEEL PRODUCTS DOWN $142/TONNE
Baosteel cuts steel products sales prices
Thursday , 20 Nov 2008Baoshan Iron and Steel has cut its December sales prices of cold-rolled steel products by $142 per tonne.
SUDDEN DECLINE IN DEMAND AND PRICES
CAMEC suspends DRC copper and cobalt production
Thursday , 20 Nov 2008CAMEC says it has suspended copper and cobalt operations in the Democratic Republic of Congo due to the sudden decline in Chinese cobalt demand and copper prices.
SHAREHOLDERS WON’T APPROVE DEAL
Kalahari terminates merger with Extract
Thursday , 20 Nov 2008Kalahari Minerals has called off its proposed merger with Extract Resources because its shareholders won’t approve the deal.
INVESTOR HUB: Gold / Copper
TOP STORIES
WILL LEAVE DECEMBER 15
COO resigns from Teck as debt repayment plans unveiled
Saturday , 22 Nov 2008Teck Cominco's Chief Operating Officer has resigned as the company unveils plans to pay off its Fording Coal purchase debt
FAST NEWS
WILL LEAVE DECEMBER 15
COO resigns from Teck as debt repayment plans unveiled 
MAJOR GOLD QUEST
Newmont's seven year gold itch in New Zealand
PREPARED FOR PRICES TO FALL TO $2,800/TONNE
Kazakhmys can cope with low copper prices
MOLYBDENUM PRICES
Molymet forecasting $10 per lb in 2009
METALS PRICES UPSWING FROM 2010