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Base Metals News

McArthur River zinc and lead mine expansion project

29th September 2006 McArthur River Mine (MRM), near the Gulf of Carpentaria, in the Northern Territory of Australia, is one of the world's largest zinc and lead deposits. Underground mining, however, is no longer viable at MRM and the development of an open-cut operation is the only way to access MRM's significant... 

McArthur River zinc and lead mine expansion project

15th September 2006 McArthur River Mine (MRM), near the Gulf of Carpentaria, in the Northern Territory of Australia, is one of the world's largest zinc and lead deposits. Underground mining, however, is no longer viable at MRM and the development of an open-cut operation is the only way to access MRM's significant... 

Boliden shares fall, company denies BHP Billiton bid

By: Bloomberg     13th September 2006 Shares of Boliden AB, Europe's third-largest copper refiner, fell after CEO Jan Johansson denied a report in Dagens Industri that the company had received an offer from BHP Billiton Ltd. 

The last time inventory levels got this low, the world was bailed out by the collapse of the USSR

By: Helene Le Roux     8th September 2006 BHP Billiton CEO Chip Good-year suggests that decreasing inventory levels on the London Metals Exchange (LME) could be taking the world into uncharted territory, with little prospect of a bail-out. 

Ruashi copper/cobalt project

8th September 2006 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Gibraltar mill-expansion project and solvent extraction/electrowinning (SX/EW) plant restart

8th September 2006 The project will involve the expansion and upgrade of the concentrator facility at the Gibraltar mine. This project will result in a 30% increase in annual metal production capacity and a 10% reduction in Gibraltar's site-unit operating costs by the end of 2007. 

Zambia copper project could offer uranium credits

8th September 2006 Australian miner Equinox says the uranium potential of its emerging $800-million Lumwana copper mine, in Zambia, is being re-evaluated, but adds that it will not detract from the company's core copper focus. 

Zambia copper back to 1970s heyday by next year, govt official predicts

By: Martin Creamer     7th September 2006 Zambia's copper production would be up to heyday Seventies levels next year, Zambia's permanent secretary Lennard Nkhata said on Thursday. Nkhata predicted a production of 700 000 t at the end of 2007 when the new large Lumwana copper mine would be brought on stream. He said that the situation... 

Miner fast-tracking Burkina Faso zinc project

7th September 2006 ASX-listed Aim Resources hopes to slash the expected start-up time of its Perkoa zinc project, in Burkina Faso, by up to 12 months, and mining is expected to start in mid-2007, MD Marc Flory said on Thursday. 

Metorex pursuing strong copper expansion, exploration programme

By: Jade Davenport     1st September 2006 With the recent shedding of its coal asset Wakefield Investments last month, diversified mid-tier mining house Metorex is embarking on a strongly copper-cobalt orientated expansion strategy in the central African region. 

Perkoa zinc project

1st September 2006 Aim Resources plans to develop the first zinc mine in West Africa. The feasibility for the Perkoa zinc project has been completed and the report indicates that the mine should produce 116 000 t/y of zinc concentrate for 14 years. 

Perseverance zinc mine project

1st September 2006 The project will involve the development of a zinc mine. Perseverance has measured and indicated resources of 5,1-million tons grading 15,8% zinc, 1,24% copper, 29 g of silver a ton and 0,38 g of gold a ton. 

Exports of aluminium scrap to China undermining beneficiation goal

By: Laura Tyrer     25th August 2006 Local scrap aluminium beneficiation is losing out as a result of China’s duty free import of scrap aluminium and taxation on imported aluminium ingots, says Aluminium Federation of South Africa (AFSA’s) Dr Tony Paterson. 

Tenke Fungurume copper/cobalt project

25th August 2006 The Tenke Fungurume copper/cobalt deposits comprise one of the world's largest known copper/cobalt resources and are capable of being developed into a large-scale, long-life low-cost mine. 

Perkoa zinc project

25th August 2006 Aim Resources plans to develop the first zinc mine in West Africa. The feasibility for the Perkoa zinc project has been completed and the report indicates that the mine should produce 116 000 t/y of zinc concentrate for 14 years. 

Anglo confirms strong project pipeline, commits $154m to global exploration

By: Jade Davenport     18th August 2006 Diversified mining house Anglo American has announced plans to focus greater attention on a strong project pipeline, which is estimated to be worth $6,2-billion, as well as concentrating on a global exploration strategy that currently spans 33 countries. 

Mount Isa zinc-lead concentrator revamp project

18th August 2006 Xstrata Zinc has announced two projects to upgrade the zinc-lead concentrator at Mount Isa and expand the production of zinc concentrate. The first project involves the use of second-hand equipment, sourced from Xstrata Zinc's George Fisher mine and abroad to increase existing throughput capacity... 

Metorex streaks to under-12-month completion of DRC copper-cobalt plant

By: System Author     15th August 2006 Johannesburg Stock Exchange-listed miner Metorex had completed construction of its copper-cobalt Ruashi phase one processing plant in the Democratic Republic of Congo in under 12 months, the company said in a media release on Tuesday. 

Cerro Casale project

11th August 2006 Cerro Casale is one of the world's largest undeveloped gold and copper deposits, with a mineral reserve (100%) of 1,035-billion tons containing 23-million ounces of gold and 6-billion pounds of copper, with an average grade of 0,69 g/t of gold and a copper grade of 0,25%. 

Copper flash smelting plant

4th August 2006 The Environmental Council of Zambia (ECZ) has approved a new flash smelting plant for Konkola Copper Mines (KCM), which will produce 300 000 t of finished copper a year. 

Kinsenda restart project

4th August 2006 Copper Resources Corporation (CRC) has started construction of its processing plant at the Kinsenda underground mine. The plant will treat 1,2-million tons of 5,1%-grade Kinsenda ore to produce, at full capacity, 54,000 t/y of contained copper in the form of a rich, 45% concentrate. 

Ghana bauxite mine and alumina refinery

28th July 2006 Alcan and the Republic of Ghana have signed a memorandum of understanding to form a joint venture to explore the feasibility of developing a bauxite mine and alumina refinery, with an initial capacity of 1,2-million to 1,5-million metric tons a year. 

Kinsenda restart project

28th July 2006 Copper Resources Corporation (CRC) has started construction of its processing plant at the Kinsenda underground mine. The plant will treat 1,2-million tons of 5,1%-grade Kinsenda ore to produce, at full capacity, 54,000 t/y of contained copper in the form of a rich, 45% concentrate. 

Ruashi copper/cobalt project

28th July 2006 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Ghana bauxite mine and alumina refinery

21st July 2006 Alcan and the Republic of Ghana have signed a memorandum of understanding to form a joint venture to explore the feasibility of developing a bauxite mine and alumina refinery, with an initial capacity of 1,2-million to 1,5-million metric tons a year. 

Kinsenda restart project

21st July 2006 Copper Resources Corporation (CRC) has started construction of its processing plant at the Kinsenda underground mine. The plant will treat 1,2-million tons of 5,1%-grade Kinsenda ore to produce, at full capacity, 54,000 t/y of contained copper in the form of a rich, 45% concentrate. 

Rapu Rapu mine, Philippines

By: Carla Thomaz     21st July 2006 Name: Rapu Rapu mine. Location: Rapu Rapu mine is located on the island of Rapu Rapu, Albay province, southern Luzon, Philippines, approximately 350 km south of Manila. Brief history: Four years of intensive multifaceted studies led to a definitive feasibility study of the project, concluding... 

Ruashi copper/cobalt project

17th July 2006 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Ruashi copper/cobalt project

14th July 2006 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Ruashi copper/cobalt project

14th July 2006 The project will entail the exploitation of the Ruashi and Etoile stockpiles and orebodies. The project site is about 10 km from Lubumbashi in the southern DRC. 

Highland Valley mine, Canada

By: Carla Thomaz     14th July 2006 Name: Highland Valley mine. Location: Highland Valley mine is located 60 km south-west of Kamloops in central British Columbia, Canada. Brief history: Operations at Highland Valley began over 20 years ago by predecessor companies. The present operation is a combination of the Lornex mine and... 

Juniors begin to feel at home on JSE

By: Jade Davenport     23rd June 2006 The promotion and sustainable growth of the South African exploration and development sector has, for the last three decades, been undermined by an attitude of scepticism and misperception adopted by the local investment market. 

Kinsevere project

23rd June 2006 Anvil Mining has announced that its board of directors has approved the stage 1 development of the Kinsevere copper/cobalt deposits following the completion of a feasibility study in early May 2006. The project comprises the Kinsevere Hill, Tshifufia and Tshifufiamashi deposits. The stage I... 

Pukaqaqa copper/gold project

23rd June 2006 Tiomin Resources has announced that an additional 14 000-m drilling programme has been approved by its joint venture partner, Compa 

Kinsevere project

16th June 2006 Anvil Mining has announced that its board of directors has approved the stage 1 development of the Kinsevere copper/cobalt deposits following the completion of a feasibility study in early May 2006. 

BHP Billiton searching for next Escondida in DRC, Kazakhstan and Mongolia

By: Helene Le Roux     9th June 2006 Escondida, the largest copper mine in the world, lies high up in Chile’s parched but mineral-rich Atacama desert. 

Market watcher believes prices near cyclical peaks

By: Irma Venter     26th May 2006 London-based commodity specialist Natexis Commodity Markets believes that further upside price potential is limited for most base metals, despite the persistently low level of inventories globally. 

High-potential Australian resource undergoing biggest-ever prefeasibility test

By: Helene Le Roux     26th May 2006 The Olympic Dam copper/uranium/gold/silver mineral resource, in Australia, is the subject of what is believed to be the biggest prefeasibility study ever undertaken in the mining industry. 

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