April 2017

Votorantim Metais issues debt securities to strengthen cash position

Brazil’s Votorantim Metais issued $700 million in debt securities in the international market on Friday April 28, as it seeks to strengthen its cash position.

Large aluminium companies in Brazil not affected by general strike

Aluminium companies Alcoa, CBA and Hydro had not seen their Brazilian operations affected by the nationwide general strike on Friday April 28.

WEEK IN REVIEW: Copper inches higher amid equity surge

Correspondent Dalton Barker reviews the week in the non-ferrous metals markets.

Supervisors at Codelco's Salvador copper mine could go on strike

The supervisors union at Codelco’s small Salvador copper mine in Chile have voted to go on strike after a majority rejected the company’s latest contract offer.

Copper concentrate TC/RCs firm as Grasberg returns to market

Copper concentrate treatment and refining charges (TC/RCs) have edged higher after a temporary resolution at Freeport-McMoRan’s Grasberg mine eased some of the short-term market tightness.

LIVE FUTURES REPORT 28/04: LME base metals end April on a high but small decline for Al

Base metal prices on the London Metal Exchange were largely up at the kerb of trading today, Friday April 28, with aluminium the only metal to see a decline in price.

PEOPLE MOVES: Codelco appoints new gm for Chuquicamata division; Parada will take up corporate role

Codelco has appointed Mauricio Barraza as gm of its large Chuquicamata division in northern Chile, the state-run miner said on Friday April 28.

Workers threaten month-long strike at Freeport's Grasberg - union

Workers at Freeport McMoRan’s Grasberg mine in Indonesia will strike for a month from May 1 if government mediation fails to secure a resolution, a union representative told Metal Bulletin.

NON-FERROUS WEEK IN BRIEF: MB INTL Nickel Conference; Lord Bagri dies; Simon Heale retires; MMTA Conference; Cobalt 27 Corp; ASA Metals acquisition

Here’s a round-up of some of the key metal markets news and price moves covered by Metal Bulletin journalists over the past week.

Nornickel to sue Botswana’s government for more than $277 million

Norilsk Nickel will start legal proceedings against the Government of Botswana for its involvement in the “reckless trading” of BCL Ltd and BCL Investments Proprietary Ltd, it said in a statement today.