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DISPUTE SETTLEMENT

Orbite settles dispute with contractor, shares slide

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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...

By: Esmarie Swanepoel

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...

By: Esmarie Swanepoel

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

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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

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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

Topics in these articles

City	Company	Country	Currency
Toronto Vancouver Tokyo Perth	Copper Mountain Mining Mitsubishi Materials ENRC Freeport McMoRan Glencore Reuters Avalon Discovery Zone ZJ Advisory St Augustine Gold And Copper Alcoa Canada Andina Panoro Minerals	Japan Congo Democratic Republic Of Congo Zambia Papua New Guinea Sweden Philippines Chile China Peru	USD AUD
Facility	Industry Term	Province Or State	Region
Copper Mountain Mine SAG Mill Baie-Comeau Plant Baie-Comeau Smelter	Metal Production Acute Electricity Shortages Intermediate Products Advisory Aluminium Producer Energy Mid-tier And Junior Mining Red Metal	British Columbia Quebec Tennessee	Southern British Columbia Central Peru
Continent	Person	Product
Africa	Martin Kabwelulu Les Emery Avalon Minerals Andrew Russell Martin Bri Christian Pilon Jorge Merino Luquman Shaheen	$11-million