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Colin Bennett

Sumitomo approves expansion at Cerro Verde copper mine - 0 views

  • Sumitomo Metal Mining (SMM) and Sumitomo Corp have approved an expansion of production at the Cerro Verde Copper Mine in Peru operated by Freeport-McMoRan Copper & Gold
Colin Bennett

Glencore Xstrata starts disposal of Peruvian copper mine - 0 views

  • Glencore Xstrata formally fired the starting gun on the $4bn-$5bn disposal of its Las Bambas copper mine in Peru on Tuesday, announcing the appointment of two investment banks to advise on the sale.
Colin Bennett

Newmont, Teck and other two companies to make single bid for Glencore Xstrata... - 0 views

  • Newmont Mining Corp, Teck Resources, private equity firm Blackstone Group and Magris Resources – a company led by former Barrick ceo Aaron Regent – are discussing a partnership to make a bid for Glencore Xstrata's $5.9 billion Las Bambas copper project in Peru, according to local media.
Colin Bennett

Copper output to rise as much as 40% - Antamina - 0 views

  • Antamina, a leading copper-zinc mine in Peru, said on Wednesday its copper output would rise by up to 40 percent after a $1.2 billion expansion is concluded.
Colin Bennett

BHP Billiton > Approval for Antamina Expansion - 0 views

  • BHP Billiton today announced it has approved its share of the capital expenditure required to expand mining and processing capacity at the Antamina copper and zinc mine in northern Peru.Antamina is a joint venture between BHP Billiton (33.75%), Xstrata (33.75%), Teck Resources (22.5%) and Mitsubishi Corporation (10%). All four partners have approved their respective shares of the project's US$1,288 million capital budget (BHP Billiton share US$434.7 million).
Colin Bennett

General Cable's CEO Discusses Q2 2011 Results - 1 views

  • In ROW, our strategy of introducing a broader product range into developing markets helped to offset the impact of lower-than-expected volume across a number of countries. The uneven demand experienced during the second quarter is largely episodic, as the fundamental growth drivers remain solid, and GDP rates for many emerging markets continue to outpace those in the developed world. Sequentially, our second quarter results reflect the impact of stronger demand in Venezuela, Brazil and Zambia. In Venezuela, the company benefited from higher spending on electrical infrastructure as the country works to reinforce a weak power grid. In Brazil, our results reflect the aerial transmission shipments and the introduction of specialty products as the country continues to industrialize while at the same time preparing for the World Cup in 2014 and the Olympic Games in 2016. In Zambia, our results reflect the shipment of aerial transmission products as the government invests in expanding its power grid. In addition, we strengthened our market position and product range in Colombia, Peru, Australia, South Africa and Mexico. In Mexico, we recently qualified and supplied our first high-voltage cables. Our market penetration into Mexico continues ahead of expectation, and is supported by a state-of-the-art manufacturing facility with high-voltage capabilities ranging up to 225 kilovolts and a comprehensive line of products for electric utilities and contractors. Overall, our results in ROW continue to demonstrate the non-linear nature of our business in the short-term, as construction, mining and utility products are moved between reporting periods, government appropriations are authorized and infrastructure investment plans are advanced.
Colin Bennett

Mitsubishi, Quellaveco Copper Mine New Development Project, to Increase to Annual Avera... - 0 views

  • About Quellaveco Copper Mine New Development Project of Peru, Mitsubishi Corporation Mineral Resources Investment Division B positions one of next core assets, copper production is expected to increase to annual average of 280,000 tons from 225,000 tons which is existing plan.
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