Category Archives: Metals

MINING giant BHP Billiton will today announce a $10 million investment in indigenous education

At a breakfast in Perth this morning, the president of BHP Billiton Iron Ore, Jimmy Wilson, will announce an extension of the company’s three-year partnership with the Australian Indigenous Education Foundation that will more than double its investment in scholarships for West Australian indigenous students.

The AIEF provides scholarships to indigenous high school students around the nation to attend private boarding schools and also helps students after they leave school, supporting them to study at university or as they undertake an apprenticeship and further training or a job.

http://www.theaustralian.com.au/national-affairs/policy/bhp-investing-in-185-futures-and-then-some/story-fn9hm1pm-1226741994312#sthash.oBSxQyNH.dpuf

Record Copper Output in China Seen by Antaike on Smelter Fees

Copper output in China is set to remain at record levels for the rest of 2013 as high treatment fees encourage smelters in the biggest producer to run at full capacity.

Monthly production in the fourth quarter may be about 560,000 metric tons, matching an all-time high in August and above average output of 534,112 tons for the first eight months, said Yang Changhua, an analyst at Beijing Antaike Information Development Co.

http://www.bloomberg.com/news/2013-10-17/record-copper-output-in-china-seen-by-antaike-on-smelter-fees.html

Ivanhoe Mines intercepts ‘unprecedented’ mineralisation in SA

Ivanhoe Mines intercepts ‘unprecedented’ mineralisation in SA

TORONTO (miningweekly.com) – Africa-focused Ivanhoe Mines on Wednesday reported that it had intersected “unprecedented” mineralisation in an exploration drill hole at its flagship South African Platreef precious metals project.

The company said it had found 4.51 g/t of platinum, palladium, rhodium and gold (4E) over 90.64 m, at a 1 g/t platinum, palladium, rhodium cutoff in Hole TMT006 at the underground Flatreef 4E/nickel/copper discovery, which is part of the company’s Platreef project in South Africa’s platinum-rich Bushveld Igneous Complex.

Norilsk Nickel Russia’s most transparent company

MOSCOW, October 17 (RAPSI) – Transparency International has put OAO GMK Norilsk Nickel (GMKN), the world’s largest nickel producer, on top of Russia’s list of its 52-page report, Transparency in Corporate Reporting: Assessing Emerging Market Multinationals.

On Thursday, Transparency International presented the report which scored 100 of the fastest-growing companies based in 16 emerging markets.

http://rapsinews.com/news/20131017/269260568.html

Rio Tinto to complete Iron Ore Company of Canada expansion by mid-2014

MONTREAL — Rio Tinto expects to complete the second-phase expansion at its majority-owned Iron Ore Company of Canada by mid-2014.

The expansion of the facility in Newfoundland and Labrador will increase concentrate production capacity by six per cent to 23.3 million tonnes a year.

Analysts expect that up to $70-million in additional spending will be required to complete the project, owned 58.7% by Rio Tinto.

http://business.financialpost.com/2013/10/15/rio-tinto-to-complete-iron-ore-company-of-canada-expansion-by-mid-2014/

BHP Billiton resumes operations at Colombia’s Cerro Matoso nickel mine

Global resources giant BHP Billiton (NYSE:BHP) has resumed operations at its Cerro Matoso nickel mine in Colombia following the suspension of activities last week due to indigenous protests, a company spokesperson confirmed to BNamericas.

“Operations at Cerro Matoso have been resumed following a partial suspension of activities… due to ongoing demonstrations by members of the local indigenous community,” the spokesperson said.

http://www.bnamericas.com/news/mining/bhp-billiton-resumes-operations-at-colombias-cerro-matoso-nickel-mine

ATI Restructures Engineered Products Segment and Comments on Third Quarter 2013

PITTSBURGH--(BUSINESS WIRE)--October 14, 2013--

Allegheny Technologies Incorporated (NYSE:ATI) today announced a restructuring of its Engineered Products segment and commented on third quarter 2013 business conditions.

ATI has restructured its Engineered Products segment as a result of the previously announced pending sale of its tungsten materials business, and the integration of the previously standalone specialty steel forgings business into ATI Ladish’s forgings operations. In addition, to improve operating efficiencies and reduce costs ATI has integrated its precision titanium and specialty alloy flat-rolled finishing business into ATI Allegheny Ludlum’s specialty plate business. As a result, effective with the reporting of the third quarter 2013 results, ATI will report the results of its tungsten materials business as discontinued operations; the specialty steel forgings business will be included in ATI’s High Performance Metals segment and the precision titanium and specialty alloy flat-rolled finishing business will be included in ATI’s Flat-Rolled Products segment.

http://online.wsj.com/article/PR-CO-20131014-904143.html

‘Big three’ to boost iron ore production

Australia’s “big three” iron ore miners are set to unveil a boost in third-quarter production and will mine even more in the fourth quarter, ignoring forecasts of a looming supply glut in favour of capturing greater economies of scale.

Rio Tinto this month upped annualised output of the steel-making raw material by 20 per cent to 290 million tonnes, while BHP Billiton and Fortescue Mining are in the midst of robust expansion work.

http://www.smh.com.au/business/mining-and-resources/big-three-to-boost-iron-ore-production-20131014-2vhi7.html#ixzz2hiQtpLjw

 

Locals want ban on export of mineral ore

Rep. Francisco Matugas (1st district Surigao del Norte), has re-filed his bill “Promoting the development of mineral processing and in the process of banning the export of iron, nickel, chromite, manganese, and other metallic ores and for other purposes.”

The bill was filed in the 15th Congress but didn’t reach the Senate, said Matugas, now chair of the House Committee on Natural Resources.

“The Philippines has not developed the downstream mining industry to focus on the final stages of the minerals value chain and encourage the establishment and development of processing plants that use new process in manufacturing mineral ores,” he said.

http://www.mindanews.com/top-stories/2013/10/13/locals-want-ban-on-export-of-mineral-ore/

Glencore, Vale discuss merger of nickel operations in Ontario

Glencore Xstrata PLC and Vale SA have convened “exploratory” talks aimed at combining their respective nickel operations in Sudbury, Ont., in a move aimed at cutting costs, sources close to Glencore said.

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/glencore-vale-revive-talks-over-canadian-nickel-tie-up-sources/article14827267/

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