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Base Metals News

High-grade zinc assays from Algeria project - Terramin

By: Nelendhre Moodley     5th April 2007 Australian stock exchange listed Terramin Australia on Thursday report further high-grade zinc assays from the Tala Hamza deposit, in Algeria.  

First Uranium lists in Jo'burg, may be takeover target

By: Matthew Hill     30th March 2007 TSX-listed emerging uranium company First Uranium, which listed its shares on the JSE on Friday, said that it could be a takeover target for other producers, at a time when the uranium price has tripled in price in the last year. 

Xstrata gets Australian Federal Treasurer go-ahead for LionOre deal

By: Liezel Hill     29th March 2007 Diversified-miner Xstrata had received notice from Australia’s Federal Treasurer that it had approved Xstrata’s proposed acquisition of LionOre Mining, the group said on Thursday. 

Metorex raises Ruashi stake to 80%

By: Matthew Hill     28th March 2007 JSE-listed diversified-miner Metorex announced on Wednesday that it had reached an agreement with Sentinelle Global Investments to acquire its 16% interest in Ruashi Holdings for an issue of 12,5-million new ordinary Metorex shares, at R21,35 a share and R60-million in cash. 

Xstrata to have lowest-cost chrome and nickel technologies

By: Martin Creamer     27th March 2007 London-listed diversified miner Xstrata will have the lowest cost technologies in both chrome and nickel if its bid for LionOre is successful, Mining Weekly Online can report. Xstrata has been able to come down the cost curve significantly with its Premus technology in ferrochrome production and... 

Exxaro, First Quantum may sue for damages after Gecamines ruling

By: Mariaan Webb     26th March 2007 A Belgian court ruled on Friday that Congolese mining company Gecamines suspend its tender for investors to develop the Kiphusi zinc deposit, in the Democratic Republic Congo, paving the way for Exxaro Resources and First Quantum to file lawsuits, that could run into millions of dollars, against... 

Miranda first-half loss narrows

By: Matthew Hill     26th March 2007 JSE-listed exploration company Miranda Mineral Holdings reported a net loss after tax of R1,3-million, and a loss and headline loss a share of 8c, on Monday, for the half-year period ended February 28. 

Xstrata bids $4bn for Canada's LionOre

By: Matthew Hill     26th March 2007 LSE- and ZSE-listed diversified miner Xstrata announced on Monday that it had entered into an agreement to buy all of the issued and outstanding shares of nickel producer LionOre for $15,96 a share, valuing the transaction at $4-billion, or R28,9-billion. The friendly takeover bid represented a... 

Hulett-Aluminium becomes ‘Hulamin’, unveils new logo

By: Creamer Media Reporter      23rd March 2007 South African aluminium producer Hulett Aluminium, which is to be unbundled and separately listed from parent Tongaat-Hulett, will be known simply as ‘Hulamin’, the company announced on Friday. 

Equinox studies uranium resources at Zambian copper project

By: Mariaan Webb     23rd March 2007 African-copper miner Equinox Minerals has started a bankable feasibility study (BFS) on the uranium resources that occur within the Lumwana copper project orebodies that the company was busy developing in Zambia. 

Shanghai copper 1,2% lower on China rate rise

By: Archivist     19th March 2007 Shanghai copper prices ended 1,2% lower on Monday, under pressure after China raised interest rates, sparking fears that demand from the world's largest copper consumer could ease. 

First Quantum expects improved production levels in 2007

By: Mariaan Webb     14th March 2007 Copper producer First Quantum, which released its results for the year to December on Wednesday, said it expects to produce between 32% and 38% more copper in 2007, when compared with 2006, on the back of higher production from its Kansanshi, Bwana/Lonshi and Guelb Moghrein mines in Africa. 

Bateman recruits 100-plus Indian professionals, lifts order intake 210%

By: Martin Creamer     12th March 2007 London Aim-listed Bateman Engineering had recruited more than 100 professionals in India, which was providing counterbalance to demand inflation the company was encountering in its other offices globally, CEO Dr Sivi Gounden told Mining Weekly Online on Monday, after posting record results.... 

New rich $200m copper-cobalt mine for DRC at Kalukundi

By: Martin Creamer     9th February 2007 Toronto-listed Canadian junior Africo Resources is to build a new $200-million copper-cobalt mine in the Democratic Republic of Congo (DRC). 

Chileans calm about future of commodities markets

By: Keith Campbell     9th February 2007 Mining authorities in Chile believe that the end of the current commodities boom is in sight, but that this will not be followed by a slump. 

Teal wrapping up Mwambashi offtake agreement, expects board approval soon

By: Mariaan Webb     6th February 2007 An offtake agreement and financial plan for the Teal's 12 000 t/y Mwambashi copper project, in Zambia, are nearing conclusion, paving the way for possible board approval. The mineral development and exploration company, which released its December quarter results on Tuesday, reported that... 

Gibraltar mine, Canada

By: Carla Thomaz     2nd February 2007 Name: Gibraltar mine. Location: Gibraltar is located 65 km north of Williams Lake, in south-central British Columbia, Canada. Brief history: Gibraltar was originally developed in 1972 by Placer Development. In 1996 Placer refocused on gold and sold its interest in Gibraltar to Westmin Resources,... 

Promising results from Botswana copper project

31st January 2007 New drilling has extended the copper-silver mineralisation at Discovery Metals’ Maun project in northern Botswana by at least 800 m, the company said this week. 

First concentrate expected from Botswana copper mine in 2008

By: Helene Le Roux     19th January 2007 The greenfields Dukwe copper project in Botswana is on track to produce its first concentrate early in 2008. 

Cañariaco copper-gold porphyry project

15th December 2006 The Ca 

New JSE-listed companies reveal growing appetite for local mining investment

By: Jade Davenport     15th December 2006 The listing of nine mining-focused companies on the JSE this year is evidencethat the local bourse�s businessdevelopment initiative to attract companies to list in South Africa is yielding significant results. Traditionally, the Toronto Stock Exchange (TSX), Australian Stock Exchange and London�s... 

Zincor base metals refinery, South Africa

By: Carla Thomaz     15th December 2006 Name: Zincor base-metals refinery. Location: Zincor is located in Springs, approximately 50 km east of Johannesburg, Gauteng. Brief history: Gold Fields decided in 1967 to convert the closed Vogelstruisbult uranium plant into an electrolytic zinc plant. Iscor, Vogelstruisbult Metal Holdings and... 

Copper-miner secures $583,8m loan for Zambia project

By: Nelendhre Moodley     13th December 2006 Copper miner Equinox Minerals has signed a $583,8-million bank debt facility for the construction and development of Lumwana project, located in the north-western province of Zambia. 

Gaby copper-oxide plant

8th December 2006 ABB has announced that it has won an order for the supply of rectifier systems for Codelco's Gaby plant. The aim of the Gaby project is to exploit and process copper oxide resources located in the Second Region of Chile, 120 km south of Calama and 203 km east of Antofagasta. 

‘Mini’ metals contracts improve online trading accessibility

6th December 2006 Online base-metals market information provider BaseMetals.com on Tuesday announced it had improved its data feed, with the inclusion of the new metals contracts launched by the London Metal Exchange and NYMEX. 

Power incentive extended to $2,7bn Coega aluminium project locks in market-development and pricing commitment

By: Terence Creamer     1st December 2006 Aluminium is often described as ‘congealed electricity’ for the simple reason that, while a number of other rawmaterials (including refinedalumina, petroleum coke, liquid pitch, aluminium fluoride and heavy fuel oil) are used in its production, well-priced electricity makes or breaks... 

Copper production from historic DRC mine may resume in April

By: Jade Davenport     1st December 2006 Toronto Stock Exchange-listed junior copper-miner Katanga Mining is set to resume production at the historically buoyant Kamoto copper mine, in the south of the Democratic Republic of Congo (DRC), by April next year. 

Frontier copper project

1st December 2006 The Frontier site is a greenfield development, with the advantage of being relatively close to significant existing mine developments in the Zambian Copperbelt. 

Kamoto mine redevelopment

24th November 2006 An independent feasibility study on the Kamoto mine has just been completed. The study confirms the proposed approach of a phased redevelopment and restoration of economically-viable operations within a very short time, with low capital costs relative to the restored-production capacity. 

Oyu Tolgoi mine

24th November 2006 An independent integrated development plan (IDP) has confirmed that Ivanhoe Mines' Oyu Tolgoi project in southern Mongolia has the potential to become one of the world's largest copper-and-gold producers. The study indicates that the mine will be capable of average annual production of over a... 

Oyu Tolgoi mine

17th November 2006 An independent integrated development plan (IDP) has confirmed that Ivanhoe Mines' Oyu Tolgoi project in southern Mongolia has the potential to become one of the world's largest copper-and-gold producers. The study indicates that the mine will be capable of average annual production of over a... 

First concentrate from Botswana copper project still expected in 2008

14th November 2006 Exploration and development company African Copper planned to start surface works and to erect a construction camp at its Dukwe project, in Botswana, ahead of obtaining a mining licence, which was expected by year-end. 

Galore Creek copper/gold/silver project

10th November 2006 The project will involve the construction of an openpit mining operation. The Galore Creek has a mineral resource of 13,75-million ounces of gold, 156,4-million ounces of silver and 12-billion pounds of copper-equivalent now in contained metal value to more than 40-million ounces of gold. 

Guelb Moghrein copper/gold project

10th November 2006 The Guelb Moghrein deposit consists of an openpit mineable, copper/gold deposit containing a measured and indicated resource of 23,7-million tons, grading 1,88% total copper and 1,41 g/t gold. 

SA gold miner mulling various development options for its massive copper-gold prospect in PNG

By: Laura Tyrer     10th November 2006 Africa’s third-largest gold producer Harmony is focusing its capital expenditure efforts for the next quarter on its Papua New Guinea (PNG) projects where it anticipates spending some R80-million during the December quarter. 

Anglo targets new area in South America

By: Keith Campbell     10th November 2006 Giant international mining group Anglo American is poised to start exploration activities in the far south of Peru. 

Lumwana copper project

3rd November 2006 Equinox Minerals owns 100% of the Lumwana copper project. Lumwana is covered by LML-49, a 1 355-km2 mining licence that hosts two large undeveloped copper-cobalt-uranium deposits, situated 7 km apart and named Malundwe and Chimiwungo. 

Guelb Moghrein copper/gold project

3rd November 2006 The Guelb Moghrein deposit consists of an openpit mineable, copper/gold deposit containing a measured and indicated resource of 23,7-million tons, grading 1,88% total copper and 1,41 g/t gold. 

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