Listed Mining Companies
Zinc
BASE METALS
Copper falls, rising inventories signal weak demand
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Copper fell on Thursday, with another jump in inventories underscoring weak demand as OECD consumption languishes and analysts see high prices deterring Chinese buying.
At 1547 GMT, copper for three-months delivery on the London Metal Exchange...
By: Reuters
5th November 2009
BASE METALS
HudBay sees mid-2010 decision on Guatemala nickel project
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Canadian base-metals miner HudBay Minerals expects to make a final decision on whether to proceed with the Fenix nickel project, in Guatemala, around the middle of next year, CEO Peter Jones said on Wednesday.
The company is trying to come up...
By: Liezel Hill
4th November 2009
M&A
Farallon starts sniffing at acquisition prospects
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Vancouver-based Farallon Mining believes now is the right time to start looking around for companies or assets that would fit with the firm's objective of building a multi-mine, mid-tier company, says CEO Dick Whittington.
Farallon achieved...
By: Liezel Hill
4th November 2009
CANADA
HudBay quarterly revenue slid 21%
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Toronto-based HudBay Minerals on Tuesday reported a 21% decline in revenue for the third quarter, after weaker copper and zinc prices offset higher gold prices.
Revenue fell to C$194,6-million from C$247,4-million a year earlier.
By: Liezel Hill
4th November 2009
ZINC
HudBay announces restart of Manitoba mine, concentrator
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TSX-listed Hudbay Minerals will restart its Chisel North mine and concentrator in Snow Lake, Manitoba, effective immediately, at a capital cost of about C$7-million, the company announced on Friday.
The operations will ramp up to full...
By: Liezel Hill
30th October 2009
BASE METALS – 2
Chinese group commissions 150 000-t/y copper smelter in Zambia, despite economic slowdown
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Zambia’s President Rupiah Banda last week commissioned the Chambishi copper smelter, which is owned by China Nonferrous Metal Mining Group (CNMMG).
By: Talent Ngandwe
30th October 2009
CANADA
Debt paydown still top priority for Teck
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Vancouver-based Teck Resources may find itself sitting a lot more comfortably than was the case six months or so, but CEO Don Lindsay made it clear on Thursday that he won't be happy until the company's term loan is paid down and it once again...
By: Liezel Hill
29th October 2009
base metals
Lundin Mining earned $3,7m in Q3
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Toronto-based Lundin Mining on Thursday posted net income for the third quarter of $3,7-million, compared with a $199-million net loss a year earlier.
(The company recorded $228,2-million in noncash charges in last year's third quarter.)
By: Liezel Hill
29th October 2009
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