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“Cash is now king and grassroots exploration is ill-advised until market sentiment improves,” Haywood Securities warned junior mining sector investors. Nevertheless, Haywood views current valuations “as a fishing opportunity.”
more from www.mineweb.com
S&P is factoring into its mining sector credit ratings a weakening of demand for mining and metals in Europe and the United States "and concerns that this will have a flow-on effect to other emerging markets."
more from www.mineweb.com
Copper miner Tamaya Resources has suspended trading of its shares on the Australian stock exchange and begun discussions with creditors, a month after delivering a A$141.2 million ($168.4 million) half-year loss.
more from www.nzherald.co.nz
Production of cathode copper in Zambia rose 14.38 percent to 332,531 tonnes between January and July 2008 compared with the output for the same period last year, the central bank said on Friday.
more from www.mineweb.com
While the prices of zinc, copper and other base metals are fixed at the end of frenetic five-minute sessions in the 'ring,' situated in the LME's centre, it is a sense of caution which is ultimately prevailing among traders.
more from au.biz.yahoo.com
S&P says the credit outlook for Europe’s mining and steel sectors is becoming negative, as demand weakens, and economic development in emerging markets slows.
more from www.mineweb.com
The Gabriela Mistral mine is expected to produce 80,000 metric tons this year.
more from www.chinamining.org
MELBOURNE -(Dow Jones)- BHP Billiton Ltd. (BHP) has boosted the size of the copper and uranium resource at its giant Olympic Dam mine in South Australia state, which is slated for a multibillion dollar expansion.
more from news.morningstar.com
Bloomsbury Metals Economics Christopher Welch warned Tuesday that "everything that could go wrong is going wrong" in copper mine production, as new copper projects are not meeting production expectations
more from www.mineweb.com
BHP Billiton is disappointed by today's High Court decision on the definition of ‘production process’
more from www.bhpbilliton.com
Russia"s metals giant Norilsk Nickel and the world"s largest mining company BHP Billiton have formed a joint venture to explore for minerals in Russia.
more from www.neftegaz.ru
Tom Albanese took over last year as the head of one of the world's biggest mining groups. But after an aggressive start to his tenure with the $44bn acquisition of aluminium group Alcan, the 50-year-old chief executive found himself on the defensive after another mining heavyweight - Marius Kloppers of BHP Billiton - launched a $160bn hostile bid for Rio Tinto.
more from www.ft.com
Rio Tinto and General Electric today announced that they are working together on two key strategic technology projects, Rio Tinto’s ‘Mine of the Future™’ and GE’s ‘Ecomagination’”, to develop the most energy efficient and ecologically friendly solutions to support the future of mining.
more from riotinto.msgfocus.com
Korea Resources and LG International Corp will resume operations at Rapu Rapu copper and zinc mine in the Philippines after the mine received environmental approval.
more from www.mineweb.com
Rio Tinto has announced the return to service of its Car Dumper 2 at Cape Lambert and the resumption of full operations at the port.
more from riotinto.msgfocus.com
It has suffered a savage de-rating in the past couple of months, going from stock market darling to pariah. The Datastream UK mining index has fallen 30 per cent since the start of July and over the past couple of weeks the selling has accelerated. Halfway through September and the mining sector has already witnessed its sharpest monthly decline since 1997, according to Cazenove
more from www.ft.com
Japan's Mitsui Mining and Smelting Co Ltd will invest 500 million ringgit to build a new plant for making copper foils in Malaysia, a newspaper reported on Friday. The new plant, specialising in high-productivity 12-micron and thinner copper foils, will have a production capacity of 1,200 tonnes a month once fully operational, the Business Times said. Construction work on first phase of the plant, with a capacity of 700 tonnes a month, will begin in November and will be completed by June 2010, it quoted Masayuki Misawa, managing director of Mitsui Copper Foil Sdn Bhd, in which the Japanese firm is a stakeholder, as saying. Work on the 500-tonne a month second phase will start immediately after that, he said. The new plant is being constructed in Shah Alam, next to an existing facility of the company which has a monthly production capacity of 1,600 tonnes.
more from www.chinamining.org
LONDON -(Dow Jones)- Anglo-Australian mining giant Rio Tinto PLC (RTP) expects historically high levels of copper supply disruptions to keep the market tight in the coming years, Chief Executive for copper Bret Clayton said Thursday.
more from news.morningstar.com
Sept. 9 (Bloomberg) -- Vedanta Resources Inc., the Indian mining company controlled by billionaire Anil Agarwal, plans to invest $9.8 billion to become the world's fifth-largest aluminum producer.
more from www.bloomberg.com
ScienceDaily (Sep. 9, 2008) — Deposits of undiscovered copper, molybdenum, gold and silver may be present in the Andes Mountains of South America, according to a new scientific assessment
more from www.sciencedaily.com
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