R/€ = 15.66 Change: -0.01
R/$ = 13.43 Change: -0.01
Au 1270.73 $/oz Change: 2.63
Pt 878.00 $/oz Change: 13.83

Base Metals News

Contract awarded for Chile copper project

9th July 2004 The world’s largest copper producer Codelco-Chile has awarded a contract to Aker Kvaerner Chile and SNC-Lavalin Chile for basic engineering of the Gaby copper oxide project. 

Dikulushi mine,Democratic Republic of Congo (DRC)

9th July 2004 Name: Dikulushi mine. Location: Located in the province of Katanga in the south-east of the Democratic Republic of Congo (DRC), 400 km north of the provincial capital, Lubumbashi. Brief history: Copper mineralisation was first reported in the early part of the twentieth century. In 1996 Anvil... 

Miner reviews copper-nickel project data

8th July 2004 AIM-listed Gippsland has completed a review of unpublished exploration data for its recently-acquired Abu Swayel copper-nickel project. 

Korean zinc producer invests in indium production

6th July 2004 One of the biggest nonferrous metal refiners in the world, Korea Zinc, has begun investing in allied industries to increase its profit. 

SA/Iran to collaborate on copper bioleaching project

By: Irma Venter     2nd July 2004 Construction of a multimillion-rand pilot heap bioleaching plant in Iran, as a joint project between local mining technology research body Mintek and the Middle Eastern country’s National Iranian Copper Industries Company (Nicico), will start later this year. 

Xstrata approves Oz zinc-lead project

29th June 2004 Miner Xstrata Zinc has approved development of the Black Star zinc-lead openpit at Mount Isa, in north-west Queensland, Australia, at a capital cost of some $18,8-million, of which $15,3-million relates to prestripping of waste and the remainder infrastructure. 

SA firm completes contract at copper project

28th June 2004 Mechanical and electronic devices manufacturer Danfoss South Africa recently completed the supply of VSDs for the Kansanshi copper project, in Zambia. 

African resources key to Russian aluminium expansion projects

By: Helene Le Roux     25th June 2004 The world’s third-largest aluminium producer, Russian Aluminium (Rusal), is putting emphasis on the development of its bauxite-mining and alumina refining operations in Africa as part of its strategy to increase production.?The company has two large operations in the West African country... 

Zambian copper project passes halfway mark

By: Laura Franz     25th June 2004 Canada miner First Quantum Mineral’s Kansanshi copper-gold project, situated near Solwezi in north-west Zambia, is about 64% complete overall, with construction 36% complete. 

Xstrata approves Australian copper project

24th June 2004 Mining company Xstrata Copper has approved the development of the Northern 3 500 underground copper orebody, at Mount Isa, in northwest Queensland, Australia, at an expected capital cost of $24,8-million. 

Xstrata upgrades ore reserves at copper project

23rd June 2004 Diversified resources group Xstrata yesterday announced an upgrade in the ore reserves of the Minera Alumbrera copper operation, in Argentina, extending the mine-life at Alumbrera by 2,5 years and ensuring metal production until mid-2015. 

UK explorer announces nine new projects in Egypt

23rd June 2004 Aim-quoted Gippsland yesterday announced that it has been granted the rights to explore eight gold areas and one copper-nickel area in the Wadi Allaqi region, by the Egyptian government. Dr Sa'aidi, Egyptian Minister of Industry and Technological Development, chaired the public signing ceremony... 

Chile copper project ahead of schedule

18th June 2004 Mining giant Anglo American announced yesterday the commissioning of the $654-million Collahuasi Rosario project started in late April, some five weeks ahead of schedule and under budget. 

Canadian group acquires DRC tailings project

16th June 2004 Canadian-based resources group Adastra Minerals yesterday announced that it has acquired the Kolwezi tailings deposits, in the Democratic Republic of Congo (DRC), positioning the company to become a major player in the global mining industry. 

Zambia plans to ramp up copper output

By: Laura Franz     11th June 2004 Zambia expects to increase copper production by almost half in the next three years. 

Miner in deal to acquire 80% of Mauritania project

4th June 2004 Toronto-listed miner First Quantum Minerals has announced the execution of a heads of agreement with Guelb Moghrein Mines d'Akjoujt SA (Gemak) and Wadi Al Rawda Industrial Investments to purchase an 80% interest in the Guelb Moghrein copper-gold project, in Mauritania. 

More drilling planned at DRC copper-cobalt prospect

3rd June 2004 Mining group First Quantum Minerals earlier this week reported the results of an independent copper-cobalt resource estimate, completed at its wholly owned Lufua prospect (Lufua) in the Democratic Republic of Congo (DRC). 

DRC deal part of mid-tier miner’s big growth plan

By: Keith Campbell     28th May 2004 SA medium diversified miner Metorex is determined to double or even treble its market capitalisation over the next five or six years. Also new copper/cobalt project in DRC 

Zambia moves to deal with lead pollution

By: Laura Franz     28th May 2004 The Zambia Consolidated Copper Mines-Investment Holdings is holding negotiations with a UK-based company to carry out a study into the lead problem at the closed Kabwe mine. 

O'okiep Copper Company, South Africa

28th May 2004 Name: O’okiep Copper Company Location: It is located in the western region of the Northern Cape Province of South Africa. Brief history: A large number of individual orebodies have been exploited, most of which have been relatively small and low grade, extending to considerable depth. The... 

Zinc body in push to boost demand

By: Martin Zhuwakinyu     28th May 2004 The International Zinc Association of Southern Africa (Izasa), established three years ago to promote the use of zinc-related products, has identified several demand-boosting projects, but insists that more opportunities could be pursued. 

CVRD in deal to develop alumina refinery

25th May 2004 The world’s largest iron-ore producer and exporter, Companhia Vale do Rio Doce, and the Aluminum Corporation of China (Chalco), signed a framework agreement in Beijing, during the visit of the Brazilian President Luiz Inacio Lula da Silva to China, for a joint investment in an alumina... 

SA refractory-brick producer hopes for more Chilean orders

By: Keith Campbell     21st May 2004 South African refractory pro-ducts manufacturer Verref is busy executing a R10-million contract to supply about 190 000 refractory bricks to Chile’s giant Codelco copper-mining company. 

Metorex in DRC copper, cobalt deal

21st May 2004 Multicommodity mining group Metorex yesterday announced that it had reached agreement with the government of the Democratic Republic of Congo (DRC), Gecamines and Sentinelle Global Investments to mine and treat the high-grade copper and cobalt stockpiles at Ruashi and Etoile. 

Strong alumina growth prompts action from giant

14th May 2004 The Worsley Alumina refinery, the alumina producer located near Collie, in Western Australia, will increase production by 250 000 t/y to achieve a new annual output of 3,5-million tons a year. 

First Quantam reports higher earnings

14th May 2004 Canadian mining company First Quantam released its results for the three months ended March 31, 2004, this week. 

Philippines exploration unearth copper-gold system

11th May 2004 Australian explorer Red 5 has confirmed the presence of a major porphyry copper-gold system at its Siana gold project in the Philippines after yesterday announcing a 380 metre intersection in the Madja area averaging 0,2% copper, 0,14 g/t gold and 0,92 g/t silver. 

New discovery at copper zone

30th April 2004 South American mining group Candente Resource Corporation has announced that the Ca 

New Brazil copper mine starts producing

30th April 2004 Brazil's first new copper mine has entered operations four months ahead of schedule. 

Chile close to finalising royalties proposal

By: Keith Campbell     23rd April 2004 IT is reported that the Chilean government has almost finalised its proposal concerning the imposition of royalties on the mining industry in that country. 

Eritrea copper/gold project development stepped up

20th April 2004 Australian mining group Sub-Sahara Resources said yesterday that its joint venture partner Sunridge Gold Corp has agreed to increase its 2004 budget to $3,5-million to substantially expand and accelerate the Asmara copper/gold project. 

DFI acquires Norwegian nickel-copper project

19th April 2004 Global miner Diamond Fields International (DFI) has announced the acquisition of the Ogna nickel-copper project in southwestern Norway, consisting of the Bjorndalsnipa (Ni, Cu) and Gulldragsvatn (Ni, Cu and Ti) properties. 

Avmin changes name to ARM next week

16th April 2004 Shareholders in resources group Anglovaal Mining (Avmin) yesterday approved a range of transactions between Avmin, Harmony and African Rainbow Minerals & Exploration Investments (ARMI) that will see Avmin change its name to African Rainbow Minerals Limited (ARM) and become South Africa’s... 

Rothschild appointed as financial adviser for Kolwezi

13th April 2004 Canadian resources company America Mineral Fields (AMF)) has appointed Rothschild as the financial adviser on the Kolwezi cobalt-copper tailings deposit in the Democratic Republic of Congo (DRC). 

Building Bridges into Africa

By: Terence Creamer     9th April 2004 Former editor, broadcast chief and media baron Zwelakhe Sisulu has established a new mining-focused entity to act as a bridge between South African mining companies and African countries with significant mineral potential. 

Osborne Mine, Australia

9th April 2004 Name: Osborne Mine. Location: The mine is situated in the state of Queensland, in north-eastern Australia. It is 195 km south-east of the inland town of Mount Isa and 720 km west-south-west of the coastal city of Townsville. Brief history: In 1974, Newmont first located a magnetic high... 

Base metals firm buoyed by new Pakistan copper find

7th April 2004 International base metals group Tethyan Copper Company Limited has unveiled a potential major extension to a deposit at its Reko Diq Copper project in Pakistan. 

$870m Chile copper project approved

7th April 2004 Resources giant BHP Billiton yesterday announced that it had approved the US$870 million – US$500 million BHP Billiton share – Escondida sulphide leach copper project in Chile. 

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