Category Archives: Metals

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/

Mt. Milligan Copper-Gold Project Ramping Up To Commercial Production

Despite the headwinds in the mining industry, Thompson Creek still managed to bring the large project to production.

“It’s a very big thing to bring a project of this magnitude on stream these days, getting it somewhat on budget with all these inflationary pressures we’ve been facing over the past few years in terms of bringing mining projects online,” Loughrey said. “But, we were able to get it done, we have the big mill turning, we’ve got both ball mill lines running, we’re producing concentrate and things are on schedule.”

http://www.forbes.com/sites/kitconews/2013/10/11/mt-milligan-copper-gold-project-ramping-up-to-commercial-production-thompson-creek-ceo/

Australia’s Base Resources begins titanium mining in Kenya

MOMBASA, Kenya, Oct 11 (Reuters) – Australian miner Base Resources has started mining at its long delayed Kenya titanium project and expects to start exporting minerals in December, it said on Friday.

Ranked as Kenya’s first large-scale international mining project, the mine has been delayed since 2006 due to financing constraints, environmentalist protests, disputes with local farmers over compensation for land and government red tape.

http://in.reuters.com/article/2013/10/11/kenya-titanium-idINL6N0I11AP20131011

Glencore Xstrata, Vale mull merger of Canadian nickel operations

Commodities giants Glencore Xstrata and Vale (NYSE: VALEStock Forum) have revived talks over a potential combination of the mining groups’ nickel operations in Canada’s Sudbury basin, in an effort to cut costs as prices for the metal languish, sources familiar with the situation have told Reuters news service.

According to Reuters, the discussions are still at an early stage, but have revived hopes of a long-debated Sudbury tie-up, with the companies considering a number of options for their mining and processing operations in the area, the sources said.

http://www.stockhouse.com/news/natural-resources/2013/10/11/glencore-xstrata,-vale-mull-merger-of-canadian-nic#bwzVrsiQww462Fh5.99

Iron ore at 2-week top, on course for biggest gain since mid-August

SINGAPORE, Oct 11 (Reuters) - Spot iron ore prices rose to
the highest level in two weeks and are set to end the week with
their biggest gain since mid-August as Chinese steel mills
rebuild stockpiles.
    Chinese mills have been producing crude steel at near record
rates of more than 2.1 million tonnes for the most part of this
year amid relatively healthy domestic demand.

http://in.reuters.com/article/2013/10/11/markets-ironore-idINL4N0I10XA20131011

Community in the dark over nickel mine

With nickel use growing at about 4 per cent every year the report reveals communities in eastern Indonesia’s Halmahera Island are being economically displaced by the PT Weda Bay Nickel Mine, a subsidiary of French mining company Eramet. The island has one of the largest deposits of nickel in the world.

http://phys.org/news/2013-10-dark-nickel.html#jCp

Nickel market to see supply tightness starting in 2014: Western Areas CFO

“NPI is already a high cost method of nickel production, and domestic economic forces in China will further adversely impact the economics of maintaining such production,” Belladonna said.

With electricity accounting for around 25-75% of NPI production costs and labor costs rising, as are Indonesian ore export taxes, costs could be put under further pressure, which Belladonna said would benefit the outlook for Australian nickel sulphide concentrate supplies in global markets.

Chinese lead shortlist for Glencore’s $5.9 bln Peru mine

Oct 10 (Reuters) – Two groups of Chinese miners, in partnerships that will pit giant Chinalco against rival Minmetals, lead a shortlist of suitors for Glencore Xstrata’s $5.9 billion Las Bambas copper mine in Peru, according to sources involved in the process.

Glencore agreed this year to sell the Las Bambas project to meet demands from China’s competition authorities after its record-breaking takeover of mining group Xstrata. The Chinese regulator feared that the tie-up handed the newly formed commodities heavyweight too much power in copper.

http://in.reuters.com/article/2013/10/10/glencore-lasbambas-sale-idINL6N0HZ44D20131010

Burundi’s assembly passes bill on mining code

The new bill “opens doors” to the private sector that will need to inject assets into the mining sector in Burundi, the minister said, adding: “Burundi is a poor country and therefore needs private investments in the mining sector.”

The East African country boasts rich nickel resources in its eastern region and gold in the eastern and western parts
http://india.nydailynews.com/business/0be6be11d44079412a581f2074e8b939/burundis-assembly-passes-bill-on-mining-code#ixzz2hKSZ64Dg

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