Category Archives: Metals

African Eagle sees Tanzania nickel production in 2016

ARUSHA, Tanzania Oct 24 (Reuters) – African Eagle Resources Plc said on Wednesday it planned to start construction of a nickel mine in Tanzania in 2014, with first production of the metal expected to begin in 2016.

http://af.reuters.com/article/metalsNews/idAFL5E8LOH7I20121024

East China city named “kingdom of rare earth”

NANCHANG, Oct. 22 (Xinhua) — An east China city has been nicknamed the “kingdom of rare earth” for its rich reserves of the precious resource.

http://news.xinhuanet.com/english/china/2012-10/22/c_131922833.htm

Nickel moving toward deficit without major new projects

Current over supply of Nickel could eventually will disappear if projects like Vale SA’s Goro in New Caledonia aren’t brought on line, according to RBC Capital Market’s managing director of global mining research

 

http://www.amm.com/Article/3104528/Nonferrous/Nickel-moving-toward-deficit-without-major-new-projects.html

Brazil’s Vale starts copper production at Zambia mine

(Reuters) – Brazil’s Vale SA (VALE5.SA) said it has begun producing copper concentrate at its Lubambe mine in Zambia.

Production at the mine, which began on October 4, is expected to lead to an annual output of 45,000 metric tons of concentrate, the company said in a securities filing on Thursday. Copper concentrate is a raw version of commercial copper that is later refined by smelters.

http://www.reuters.com/article/2012/10/11/us-vale-zambia-idUSBRE89A1PK20121011

Credit Suisse Raises 2012 Copper Forecast

Investment bank Credit Suisse Group AG (CS) Friday raised its forecasts for most base metals prices for both this year and next, raising expectations for flagship copper prices in 2012 by 2.3% to $7,927 a metric ton.

http://www.foxbusiness.com/news/2012/10/12/credit-suisse-raises-2012-copper-forecast/

Export ban make raw mineral exporters weep

VietNamNet Bridge – Vietnamese titanium exploiters have shouted for help, asking the Prime Minister to allow to continue exporting titanium ore to clear the big stocks, or they would go bankrupt.

http://english.vietnamnet.vn/fms/business/49912/export-ban-make-raw-mineral-exporters-weep.html

Court Voids Norilsk Nickel Buyback

10 October 2012
The Moscow Times

A regional court in Siberia has ruled in favor of aluminum giantRusAl, which was seeking to void the buyback of a 7.7 percent stake in Norilsk Nickel that took place last year.

http://www.themoscowtimes.com/business/article/court-voids-norilsk-nickel-buyback/469591.html

Santo Mining Corp. Continues Its Fast-Track Acquisition of Dominican Gold

SANTO DOMINGO, Dominican Republic, Oct. 10, 2012 (GLOBE NEWSWIRE) — Santo Mining Corporation(OTCBB:SANP), (the “Company”), is pleased to announce that it is acquiring 100% of the Francesca gold exploration claim just west of Moncion in the Dominican Republic. This is the Company’s fifth claim that it has acquired and consists of 2,120 hectacres of explorable lands.

http://www.nasdaq.com/article/santo-mining-corp-continues-its-fast-track-acquisition-of-dominican-gold-claims-by-snapping-up-its-20121010-00863#.UHXH7S7A8l8

Tanzania: Canadian Firm Acquires 81 Percent Shares in Local Mine

Dar es Salaam — A Canadian mining and exploration firm, Montero has increased its shareholding interest in the Wigu Hill Rare Earth Element project, which is situated about 170 km south-west of Dar es Salaam.

http://allafrica.com/stories/201210081239.html

Rio Tinto says expects copper output to rise from 2013

Rio Tinto says expects copper output to rise from 2013

 London (Platts)–9Oct2012/612 am EDT/1012 GMT

Diversified miner Rio Tinto said Tuesday it expects its copper output to start rising again in 2013 following three straight years of decline, thanks to improving ore grades and the start of its Mongolian mine.

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Metals/8801337

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