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May 2012
24 May 2012
Brazil’s Vetria Mineração already has its own ‘port solution’ for its 27.5 million tpy iron ore project in the Latin American country, railroad group América Latina Logística (ALL) said on Wednesday May 23.
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24 May 2012
Arbitrage for copper, aluminium and zinc imported into China
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23 May 2012
The government of Rwanda is calling for “suitably qualified companies” to bid for the development of the country’s Musha-Ntunga tin deposit by the end of this month.
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21 May 2012
China's imports of copper concentrate, refined copper and scrap copper all fell in April, as the deterrent effect of higher LME prices hit demand.
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21 May 2012
Canada-based copper and zinc producer Hudbay Minerals has scrapped plans to raise $400 million through a senior note offering due to weak conditions in debt markets.
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17 May 2012
BHP Billiton has a ready capacity to sequence spending on its Olympic Dam open pit copper-uranium project in South Australia, analysts said.
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15 May 2012
Indonesia plans to limit mineral ore export volumes in an attempt to control the outflow of important mineral resources that has grown substantially over the past two years.
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11 May 2012
MMX’s revised capex for expansion of its Serra Azul iron ore asset in Minas Gerais state, south-east Brazil, envisages additional capacity increases in the future, ceo Guilherme Escalhão said.
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11 May 2012
The decision of the Indonesian government last week to uphold the ore export ban and taxes from May 6 has failed to calm the nervous market. So far, both producers and buyers have displayed an impressive tolerance level to the export uncertainty. But how long will their patience last?
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11 May 2012
China’s aluminium output rose for a sixth consecutive month in April 2012 as Chinese smelters continued to expand production while the rest of the world cut back.
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11 May 2012
Arbitrage for copper, aluminium and zinc imported into China
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10 May 2012
First Quantum’s board of directors gave approval for the construction of the $1.7 billion Sentinel copper project in Zambia on Wednesday May 9, after the agreement was sealed “at a mutually agreeable electricity tariff” for the connection and supply of power to the site.
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10 May 2012
Natixis will wind down its commodities brokerage business, including its London Metal Exchange ring-dealing unit, as part of broad restructuring operations responding to the eurozone debt crisis, the French bank announced on Wednesday May 9.
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10 May 2012
China’s copper imports slid by 18.8% month-on-month in April, but were still well above levels of the corresponding period last year.
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09 May 2012
South Korea’s Posco Assan and Turkey’s Kibar Holding have been given a $209 million loan to fund a stainless steel mill in Turkey.
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09 May 2012
Ivanhoe Mines said three of its directors resigned, while it had appointed four new directors and expected to appoint a chairman later this week.
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08 May 2012
Jindal Steel & Power has bought a 9.25% stake in Apollo Minerals in a move to capitalise on the latter’s Commonwealth Hill iron ore project in South Australia.
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08 May 2012
In recent times, the nature of the metal market has developed in a particular way; the days of independent, mostly partnership, brokerages have gone.
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04 May 2012
Fitch Ratings has downgraded its issuer default rating (IDR) for US Steel to BB- from BB, it said this week.
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04 May 2012
Hotline has heard that as of May 1, GreenEDGE, Australia’s first professional cycling team, is now sponsored by mining supplier Orica, and will henceforth be known as Orica-GreenEDGE.
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03 May 2012
Gerdau is to increase its iron ore production capacity by nearly 80% over the next couple of years, in a move that will see it start selling the steelmaking raw material in the market.
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03 May 2012
Jiangxi Copper and other Chinese copper companies plan to export 100,000 tonnes of copper to London Metal Exchange warehouses in South Korea as a result of its need to unwind short positions on the exchange, an official for the Chinese copper producer said.
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April 2012
30 April 2012
Vale has been reviewing its planned $5.9 billion Rio Colorado fertiliser project in Argentina as it is “very concerned” about the political and economic situation in the Latin American country.
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26 April 2012
Chinese imports of copper concentrate declined month-on-month in March, while imports of alumina surged during the same period.
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23 April 2012
Essar Africa hopes to have its purchase of the former Zimbabwean Iron & Steel Co (Zisco) assets concluded in the next few weeks and to start production, Firdhose Coovadia, the company’s director for the Middle East and Africa, told Metal Bulletin.
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20 April 2012
Coal of Africa (CoAL) needs more than $540 million in finance to back its continuing transformation from junior to producing miner, ceo John Wallington told Metal Bulletin.
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19 April 2012
Ivanhoe Mines founder Robert Friedland stepped down as ceo as the company signed a financial agreement with majority stakeholder Rio Tinto to develop the Oyu Tolgoi copper-gold mine in Mongolia.
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18 April 2012
Luxembourg-based steelmaking equipment supplier Paul Wurth has secured an order from Czech longs producer Trinecke Zelezarny to supply pulverised coal injection technology (PCI) to two blast furnaces at the company’s Trinec plant.
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18 April 2012
Evraz Highveld Steel & Vanadium wants to double its production capacity over the next decade to give it more weight in the steel market, company secretary and investor relations officer Cathie Lewis told Metal Bulletin on Wednesday April 18.
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13 April 2012
Indian rolling mill maker AR Engineering Works considers Africa one of its key markets for growth, an executive said.
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12 April 2012
Steelmaker ArcelorMittal’s campaign to raise awareness of road and rail safety is under way in Liberia, the company confirmed to Metal Bulletin on Thursday April 12.
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12 April 2012
Papua New Guinea’s largest foreign investment, the Ramu nickel and cobalt project, is operating as normal, and the government has not shut down the mine, as reported by local media in the country.
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11 April 2012
Voestalpine is to invest €132 million ($173 million) in its research and development (R&D) programme this financial year, the steelmaker said on Wednesday April 11.
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11 April 2012
Swedish zinc producer Boliden has taken a €40 million ($52.4 million) loan from Nordic Investment Bank (NIB) to finance the expansion of the Garpenberg zinc-silver mine, the company said on Wednesday April 11.
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10 April 2012
Melrose Mines & Minerals del Perú is investing $4.5 million to set up a warehouse in southern Peru to store iron ore for export.
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03 April 2012
Aluminium Corp of China (Chalco) will buy a stake of up to 60% in SouthGobi Resources from Ivanhoe Mines for $930 million as it looks to tap into Mongolia’s coal resources.