Western Areas looking for partner to advance Finnish projects

Australian nickel-sulphide producer Western Areas and its Finnish joint-venture (JV) partner Magnus Minerals said on Wednesday that they were considering listing a new company to advance base metal projects in central Finland. Western Areas and...

Mitsubishi Materials resumes full copper output

Mitsubishi Materials Corp Japan's No. 3 copper smelter has returned to full production, the firm said on Monday, becoming the first major Japanese firm to reverse cuts, although the situation still needs watching. Most Japanese smelters have been...

Tenova Pyromet says Peru project will lead to more copper industry contracts

Local submerged-arc smelting furnace designer and supplier Tenova Pyromet says that the implementation of its first matte launder at mining and metals company Doe Run Peru’s (DRP) operation in the Andes, in South America, may well “open doors...

Slowing Chinese imports won't stop copper market's sweet music

A possible short-term downturn in Chinese copper imports will probably have little impact on long-term copper-mining expansion projects.

Dollar hits Finnish miner’s profits, sees better 2004

Finnish metals group Outokumpu posted a lower-than-expected profit yesterday, hit by a weaker dollar and higher nickel prices, but said improving markets for stainless-steel and copper would mean higher core 2004 profits.

Higher metal prices boost Boliden’s Q4 profits

Leading European mining and smelting company, Boliden, reported a jump in fourth-quarter profits yesterday, thanks to higher metals prices and strong demand, and said it saw copper and zinc prices rising more.

High costs to drive down Korean copper demand

South Korea's demand for refined copper cathode is forecast to fall slightly to below 900 000 t this year, on higher costs and reduced sales of copper products, industry officials said yesterday.

DRC mining firm says copper smuggling continues

Congo's state-owned copper producer Gecamines said at the weekend illegal smuggling of copper products was continuing, despite international pressure to end exploitation of the central African country's riches.

Improved metals markets seen in 2004

Finland's Outokumpu said on Friday weak metals markets and costs from past investments and acquisitions will mean lower 2003 profits versus last year, but it expected metals demand and prices to rise next year.

Norddeutsche, Yunnan sign cooperation deal

Norddeutsche Affinerie, the world's fifth largest copper producer, at the weekend signed its long-awaited cooperation agreement with China's Yunnan Copper, the company said in a statement.

Finnish mining group posts lower results

Finnish metals group Outokumpu posted slumping 2001 profits due to soft metals markets and mining losses, but said profitability would improve this year as prices gradually recovered.