Xstrata woos waverers over Glencore deal

Miner Xstrata sought to win over waverers to the merits of its $39-billion takeover by commodities trader Glencore, telling shareholders to back the "fair and reasonable" offer even as investors flexed their muscles by expressing opposition to its...

Xstrata, Peru ink contract for $4,2bn copper mine

Xstrata Copper is on track to start construction at its Las Bambas project, in Peru, in a year's time, after receiving mining titles for the operation by the Peruvian government on Thursday. President Alan Garcia, Xstrata Copper CEO Charlie...

Xstrata OKs $4,2bn Las Bambas mine, targets 2014 output

Diversified miner Xstrata has approved the development of its $4,2-billion Las Bambas project, the group announced on Tuesday, although construction is only expected to begin in the third quarter of 2011. Xstrata said last month that it had given...

Xstrata approves $1,47bn copper mine in Peru

Diversified miner Xstrata has approved $1,47-billion in capital expenditure to develop the Antapaccay copper project, in southern Peru, which forms part of the group’s overall strategy to grow its copper output by 50% to just under 1,5-million...

BHP Billiton reports strong production figures

The world's largest mining company BHP Billiton yesterday reported record quarterly iron-ore, metallurgical coal and manganese alloy production, as well as record quarterly silver production of 12,4-million ounces.

BHPB seeks to sell more spot copper

The world's largest diversified miner, BHP Billiton, said yesterday it would sell more copper concentrates in spot markets to better meet customer needs.

BHP undecided on Escondida output

BPH Billition, the world's largest diversified miner, said on Wednesday it had not yet decided whether to resume shuttered capacity at its Escondida copper mine in Chile despite higher copper prices.

Escondia copper to stay at reduced capacity

The world’s biggest diversified miner BHP Billiton said yesterday it will not restart 200 000 t of annual copper-making capacity at its Escondia mine, in Chile, despite expectations of improving market conditions for the metal.

BHP Billiton extends copper cutbacks

Mining company, BHP Billiton Base Metals yesterday announced it would continue its programme of demand-based production originally announced by the Group in November 2001.

$2bn copper projects awaiting board approval

Resources giant BHP Billiton’s base-metals division is analysing copper projects worth nearly $2-billion, which, if they come to fruition, will guarantee the group’s continued status as a significant producer of the metal.

Moz aluminium expansion ahead of schedule

Resource giant BHP Billiton's expansion of the Mozal 2 aluminium smelter in Mozambique is ahead of schedule, with full production expected by the end of 2003, the company said last week.

Brazilian miner teams up on Peru deal

One of Chile’s largest copper producers, Antofagasta and Brazil’s Companhia Vale do Rio Doce (CVRD) said they will join forces to explore a promising region of southern Peru that could yield copper and gold.