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Bloomberg

BHP union president Troncoso says mine talks stalled

30th August 2006 A labor union at BHP Billiton Ltd. in Chile said talks remain stalled in the fourth week of a strike that's cut production at Escondida, the world's biggest copper mine. No negotiations are scheduled for today, Luis Troncoso, the president of the union, said yesterday in an interview in... 

Putin reportedly approves creation of world's biggest aluminium producer

30th August 2006 President Vladimir Putin approved a planned merger of the nation's two aluminium companies, creating the world's largest producer of the metal by uniting the suppliers to the former Soviet Union. OAO Russian Aluminium requested government permission to buy fellow Russian producer OAO Sual Group... 

Gilbertson expected to chair giant Russian aluminium producer

30th August 2006 Russia's two biggest aluminium companies plan to combine and create the world's largest producer of the metal, tightening President Vladimir Putin's control over the nation's raw materials industries. Putin approved a proposal for OAO Russian Aluminium, known as Rusal, to buy smaller rival OAO... 

Wesizwe Platinum to raise share capital 15% in private placing

30th August 2006 Wesizwe Platinum Ltd., which is exploring for platinum near the South African resort of Sun City, said it will increase its share capital by 15 percent through a private placement to raise funds for exploration. 

BHP's striking Chile copper mine workers expect to reopen talks

29th August 2006 BHP Billiton's mine workers in Chile expect to resume talks to settle a strike in its fourth week that's cut production at the biggest copper mine in the world by half. 

Gecamines seeks partner, drops First Quantum, Kumba

29th August 2006 Gecamines, the Democratic Republic of Congo's biggest state-owned mining company, said it's seeking a partner to develop the Kipushi mine, dropping plans to develop the deposit with First Quantum Minerals Ltd. and Kumba Resources Ltd. 

Inco recommends rejection of offer from Brazil's Vale

29th August 2006 Inco Ltd., the world's second-largest nickel producer, said investors should accept a C$19,3-billion ($17,4-billion) takeover offer from Phelps Dodge Corp. and reject a rival cash bid from Brazil's Cia. Vale do Rio Doce. 

BHP to increase production at Escondida copper mine

28th August 2006 BHP Billiton will seek to increase production in Chile at its Escondida copper mine, the biggest in the world, as more than 2 000 workers extend a strike that's cut output in half into a fourth week. 

Newcrest's H2 profit climbs on mine sale

28th August 2006 Newcrest Mining Ltd., Australia's largest gold mining company, had a more than threefold rise in second-half profit after a one-time gain from the sale of a mine. 

Nickel deficit likely, says SocGen

28th August 2006 Nickel supplies may fail to meet demand this year as purchases by steelmakers and manufacturers jump as much as 10 percent, Societe Generale SA said. 

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