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Base Metals

South American mining to reach 6.2% growth by 2017

MAJOR CONTRIBUTOR
Brazil's mining industry contributes almost 40% of South America's total region revenue The South American mining industry will reach an estimated compound yearly growth rate of about 6.2% from 2012 to 2017, which will take the industry to a total value of $184.3-billion. Some of the world’s largest copper, bauxite, iron and nickel...
25th July 2014
 
PROPOSED MERGER

Merged Glencore, Xstrata would take aim at iron ore

An $80-billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded industries. Glencore and...
3rd February 2012
 
Base Metals

Advancements to lie in metallurgical processes

The most significant advancements in the Southern Africa base-metals sector will in future relate to metallurgical processes, forecasts banking major Standard Bank mining and metals research analyst Michael Starke.
2nd December 2011
 
COPPER

Lundin's Conibear running the firm as though permanent CEO

Lunding Mining interim CEO Paul Conibear said on Wednesday he was running the company as though he was permanently in the post, though the board had yet to appoint a permanent CEO. The TSX-listed copper and zinc producer said in May it would not...
3rd August 2011
 
M&A

China’s NDRC approves Perilya/Globestar deal

Base metals developer Perilya has received formal approval from China’s National Development and Reform Commission (NDRC) for its C$184-million takeover offer for TSX-listed GlobeStar Mining Corporation. ASX-listed Perilya said on Tuesday that...
7th December 2010
 
ZINC

Nyrstar meets upstream goals with Farallon takeover

Top zinc producer Nyrstar is making good on a promise to improve its upstream integration with the proposed acquisition of Canada's Farallon Mining, CEO Roland Junck said on Tuesday. Farallon's main asset is the Campo Morado property in Mexico,...
17th November 2010
 
Base Metals

Zinc major continues investments in metal-rich Peru

Despite the current low zinc prices – they are at about half the level they were a year ago – metals company Votorantim Metais, part of Brazilian conglomerate Votorantim Group, has confirmed that it will complete its $500-million expansion of its...
27th March 2009
 
ROUND-UP

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.
30th January 2009
 
ZINC

OZ Minerals arranges bridge loan

The world's second-biggest zinc producer, OZ Minerals, has secured a bridging finance facility of up to A$140-million, the firm announced on Thursday. The company has been struggling to refinance about $560-million of debt for months, and will...
22nd January 2009
 
BASE METALS

Base-metals-miner Oz Minerals shuts Australian mine

The world’s second-largest zinc producer, Oz Minerals, on Tuesday announced that it would put the Scuddles mine, at its Golden Grove operations in Western Australia, on care-and-maintenance. The company stated that operating costs would be...
13th January 2009
 
Zinc

Oz Minerals warns of lower profits as commodity prices fall

The world’s second largest zinc producer, and Australia’s third largest diversified miner, Oz Minerals, on Wednesday warned that 2008’s profits would be lower-than-expected, because of the substantially lower commodity prices, the current market...
19th November 2008
 
INDUSTRIAL ACTION

Workers to strike at Namibia's Skorpion Zinc

Workers at Namibia's biggest zinc producer Skorpion Zinc are going on strike from Friday over a pay dispute, the Mineworkers Union of Namibia (NUM) said on Wednesday. NUM General Secretary Joseph Hengari said annual wage negotiations with...
7th May 2008
 
 
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