BASE METALS

AIMING TO BECOMES A GLOBAL PLAYER

Antofagasta looking to double output after 2015

Thursday , 11 Mar 2010
The Chilean miner's CEO says the group has already had informal discussions with banks about debt financing for Reko Diq and will also look at possible takeover targets
COPPER PRICES

Copper to average $6,600 per tonne in 2010 - Antofagasta

Thursday , 11 Mar 2010
The Chilean miner expects improving US and European demand to support prices
METALS NEEDED FOR RECONSTRUCTION

Undamaged Chilean mining sector powerful economic rebuilding tool for Chile's new president

Thursday , 11 Mar 2010
As Sebastian Pinera assumes Chile's presidency today, an economically powerful and healthy domestic mining sector could prove a powerful tool in the rebuilding of the earthquake damaged nation.
REKO DIQ

Barrick CEO optimistic Reko Diq gold-copper project will go ahead

Wednesday , 10 Mar 2010
Aaron Regent said Tuesday the company is continuing to have discussions with the Baluchistan government but added a resolution could take months
REKO DIQ

Tethyan still hopeful Reqo Diq will go ahead

Tuesday , 09 Mar 2010
The operator of the $3bn copper and gold joint venture between Barrick and Antofagasta still hopes it will go forward despite a government threat to scrap it
WILL HELP TO FUND SIERRA GORDA

Shares in Quadra Mining jump on JV with Chinese utility

Monday , 08 Mar 2010
The group has formed the joint venture with China's largest utility company to help expand its Chilean operations
LOUNGE LIZARD PROJECT

Kagara says new drill assays provide big hits outside resource boundary

Monday , 08 Mar 2010
The Queensland polymetallic miner Kagara Ltd which broadened its base to mining nickel in Western Australia late last year has produced some major new assays from the Lounge Lizard project in the Forrestania belt of Western Australia.
COKING COAL PRICING

BHP strikes coking coal deals in China, Japan, India, Europe

Monday , 08 Mar 2010
The group has reached terms for a significant portion of its 2010 hard coking coal volumes
GLOBAL METAL PRICES

Economic growth to boost metal prices - Bart Melek

Monday , 08 Mar 2010
But, the BMO Capital Markets global commodity strategist says that the advance may be slow
99% OF CONSOLIDATION DEALS COMPLETED

China Shanxi province to grow coal output 30% in 2010

Monday , 08 Mar 2010
The province's party boss said coal output will be 700 to 800 tonnes for the year
CHILE DISASTER

Anglo American restarts copper mines in Chile

Monday , 08 Mar 2010
The diversified miner said in a statement out Monday it had restarted operations at Ls Bronces and El Soldado
PDAC CONVENTION

HPAL process crucial to future nickel market development

Monday , 08 Mar 2010
With a plethora of new nickel projects scheduled to come on line in the next three years, T.D. Newcrest's Greg Barnes said the HPAL process will be critical to the future mining of nickel laterite deposits.
PROFIT ANNOUNCEMENT

Kazakmhys posts 26% drop in core profit, resumes dividend

Thursday , 04 Mar 2010
The group blames the fall on a drop in copper prices and output
$112.8MN 2010 NET EARNINGS

HudBay 4Q09 earnings hit by lower copper output, suspension of operations

Thursday , 04 Mar 2010
HudBay's proposed takeover of Lundin was terminated, causing its board of directors and CEO to resign last year. Nevertheless, HudBay reported a $39.4 million increase in earnings in 2009.
PROFIT FORECAST

Aurubis says it is likely to post significant operating profit improvement

Wednesday , 03 Mar 2010
But, the group said it was still too early to apply the group's Q1 performance to the full year
SHARES JUMP OVER 7%

Quadra Mining in talks to sell half of Sierra Gorda

Wednesday , 03 Mar 2010
The miner says the group aims to have a deal in place to sell half of the Chilean copper project by the middle of this year
CHILE EARTHQUAKE

Chilean mines back at full power but, refineries still down

Wednesday , 03 Mar 2010
Mines seem to have emerged largely unscathed by the 8.8-magnitude earthquake in the copper-producing nation and are back at work after stable power was supplied.
STRIKE ACTION

Vale, union continue Sudbury talks this week

Wednesday , 03 Mar 2010
A development that suggests progess has been made in ending the seven-month stalemate
EARNINGS REPORT

Metorex announces return to adjusted headline profit

Tuesday , 02 Mar 2010
The group attributes the numbers to a rise in both copper and cobalt output but warned production could dip in current quarter
MINING LAW

Rio Tinto Indonesian unit receives permit for nickel operation

Tuesday , 02 Mar 2010
The long-awaited permit for a nickel project in Sulawesi worth $2bn is the first to be issued under new Indonesian mining law
OTHER BASE METALS

First Quantum looking to add to growing nickel base

Tuesday , 02 Mar 2010
The group says it currently sees plenty of available targets
MINOR IMPACT ON FUTURE COPPER PRICES

Numerous Chilean mining operations unaffected by massive earthquake

Tuesday , 02 Mar 2010
Chile's mining sector largely escaped damage in the massive earthquake which has killed 723 people and left two million homeless.
BMO CAPITAL MARKETS GLOBAL METALS & MINING CONFERENCE

BMO's Melek says supply constraints already evident in copper

Tuesday , 02 Mar 2010
BMO's global commodity analyst Bart Melek has a "quite robust view of the commodity market" and anticipates a "robust restocking cycle" in metals.
CHILE DISASTER

Anglo American restarts copper mines in Chile

Monday , 01 Mar 2010
The diversified miner said in a statement out Monday it had restarted operations at Los Bronces and El Soldado
EXECUTIVE MOVES

Leslie, Cockerill re-emerge

Monday , 01 Mar 2010
The two well-known mining executives have been named as CEO of Extract Resources and Executive Chairman of Petmin, respectively
NICKEL PRICING

Teck, Xstrata agree 40% increase in benchmark-setting zinc fee

Monday , 01 Mar 2010
On the eve of the International Zinc Association conference, in what is a benchmark setting deal for annual treatment charges, the two companies have agreed to raise processing fees to around $270 per tonne
COPPER MARKET UPDATE

Copper hits five-week high on supply fears

Monday , 01 Mar 2010
Concerns around supply in top producer Chile, devastated by an 8.8 earthquake boosted prices of the metal.
INVESTOR HUB: Base metals

   

   

   


TOP STORIES

HIGHLY-ENRICHED URANIUM

Russia likely to cease uranium exports from decommissioned weapons in 2013 - Cameco

Thursday , 11 Mar 2010
The uranium miner's CEO says the group is increasingly convinced, although still skeptical that this is when the 20-year deal between the country and a consortium of companies commissioned to sell the highly-enriched uranium will come to an end.
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