Base Metals
DISPUTE SETTLEMENT
Orbite settles dispute with contractor, shares slide
0 COMMENTS
French media this week reported alumina process innovator Orbite Aluminae this week settled a dispute with contractor Gastier Montreal, which claimed $16-million for unpaid work. Gastier obtained a legal mortgage on the new Orbite plant, which...
By: Henry Lazenby
17th May 2013
COPPER
Copper Mountain production grinds to halt on transformer failure
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Vancouver-based Copper Mountain Mining on Thursday said production ground to a halt after one of two transformers powering the semi-autogenous (SAG) mills had failed.
Copper Mountain said it expected production to restart on Saturday, after a...
By: Henry Lazenby
17th May 2013
BASE METALS
DRC sees copper concentrate ban in full force by July, August
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Democratic Republic of Congo (DRC) expects its ban on the export of copper and cobalt concentrates to come into full force by July or August, as it presses mining companies to process and refine the metals within its borders, the Mines Minister...
By: Reuters
17th May 2013
COPPER-MOLY-GOLD
Marengo delays FS results, looks for new power partner
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ASX- and TSX-listed Marengo Mining has been forced to consider alternate sources of power for its proposed Yandera copper/molybdenum/gold project, in Papua New Guinea, after the preferred third-party supplier decided to withdraw from the supply...
17th May 2013
COPORATE ACTIVITY
Avalon price tumbles as funding disappears
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The share price of ASX-listed Avalon Minerals took a nose dive on Friday on news that the company had lost some A$25-million in funding.
Avalon told shareholders that advisory group ZJ Advisory had pulled the plug on a proposed A$25-million...
17th May 2013
FINANCING
St Augustine Gold and Copper announces $11m private placement
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Toronto-listed St Augustine Gold and Copper, which is developing the King-King copper/gold project, in the Philippines, on Thursday announced a private placement with Queensberry Mining and Development for $11-million.
The private placement saw...
By: Henry Lazenby
17th May 2013
ALUMINIUM
Alcoa curtails Quebec production capacity, defers expansion
0 COMMENTS
US-based aluminium producer Alcoa on Thursday said it would shutter two potlines with a combined capacity of about 105 000 t and push back construction of a new potline at its Baie-Comeau smelter, in Quebec, as part of a revised modernisation plan...
By: Henry Lazenby
16th May 2013
COPPER
Panoro projects progress as Peru seeks to double copper output
0 COMMENTS
King copper’s crown recently slipped in Peru; formally the second-largest producer of the red metal, the country was pushed into third place by China during 2011, according to the International Copper Study Group’s 2012 fact book.
Peru is...
By: Simon Rees
16th May 2013
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Base Metals Multimedia
Loss-making Metmar cold-shoulders mining, returns to trading roots
Mine nationalisation lost Zambia $45bn, Eunomix study finds
‘Promising’ copper growth in offing – ARM
Unaffordable pay will destroy industry’s future – Motsepe
SA must instil new confidence in global investors – Motsepe
Eskom asks Nersa to review ‘prudency’ of aluminium contracts
New smelterless technology set to monetise stranded copper
AMCU-dominant Two Rivers is lowest-cost platinum producer – Mike Schmidt
Line has to be drawn on union demands – Motsepe
Loss-making Metmar cold-shoulders mining,... 
Mine nationalisation lost Zambia $45bn, Eunomix... 
‘Promising’ copper growth in offing – ARM 
Unaffordable pay will destroy industry’s... 
SA must instil new confidence in global... 
Eskom asks Nersa to review ‘prudency’ of... 
New smelterless technology set to monetise... 
AMCU-dominant Two Rivers is lowest-cost... 
Line has to be drawn on union demands – Motsepe 
Geovic confident on Cameroon cobalt project financing
Acquisitive HudBay already has 'irons in the fire'
Moly price well...
First production under its belt, now Equinox eyes Lumwana expansions
Ontario fast-tracks mining law revamp to bring much-needed clarity, 'balance' - Minister
'Powered' Coega...
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Mexico's biggest new gold mine may get even bigger
Freeport almost doubles Tenke Fungurume cost estimate
Geovic confident on Cameroon cobalt... 
Acquisitive HudBay already has 'irons... 
Moly price well above $10/lb needed... 
First production under its belt, now... 
Ontario fast-tracks mining law revamp... 
'Powered' Coega smelter viable, 'all... 
Zinc surplus may be lower than... 
Mexico's biggest new gold mine... 
Freeport almost doubles Tenke... 
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