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Mining news: CODELCOChinese copper market cautious despite 32% Chilean premium cutHong Kong (Platts)–21Nov2008 The Chinese copper market is unmoved by Chilean copper major Codelco’s move to lower its 2009 premium for Grade A copper cathode, CIF China, to $75/mt, plus cash, down by about 32% compared with the 2008 level at $110/mt, Codelco Slashes China Copper Fee by 32% in 2009, Buyers SayChile’s Codelco, the world’s biggest copper producer, cut the surcharge on sales to China by 32 percent to encourage buyers to enter into long-term contracts as global growth slows. The company will reduce its fee, added to the London Metal Exchange cash Chile Codelco Copper Miner Freezes Hiring To Cut Costs-ReportThe requested URL /article/BT-CO-20081119-709228.html was not found on this server. Apache/2.0.58 (Unix) Server at online.wsj.com Port 80 Bearish Codelco cuts copper premiums to China by 32 percentWith Chinese consumers seemingly gloomy on 2009 domestic demand, the world’s largest copper miner has cut its term premiums to the Chinese market to $75 a tonne. Chile’s Codelco, China’s Minmetals eye JVs, Jan visitChilean state copper giant Codelco is evaluating joint venture exploration prospects with Minmetals, the massive metals trader for No. 1 copper consumer China, Chile Mine Minister Santiago Gonzalez said on Tuesday. ‘This is a great opportunity for us as Fitch Revises Outlook for ENAP and Codelco’s IDR to Stable; Affirms Ratings(BUSINESS WIRE) — Fitch Ratings has revised the Rating Outlook on the Foreign Currency Issuer Default Ratings (IDRs) of Empresa Nacional del Petroleo (ENAP) and Corporacion Nacional del Cobre de Chile (Codelco) to Stable from Positive. In addition, UPDATE: Chile Codelco 9-Mo Output 1.05M Tons Vs 1.14M Tons(Updates with additional comments from the CEO) SANTIAGO (Dow Jones)–Copper output at Corporacion Nacional del Cobre de Chile, the world’s largest copper miner, fell in the first nine months of the year to 1.05 million metric tons, from 1.14 million Chile Codelco 9-Mo Output 1.05M Tons Vs 1.14M TonsSANTIAGO (Dow Jones)–Copper output at Corporacion Nacional del Cobre de Chile, the world’s largest copper miner, fell in the first nine months of the year to 1.05 million metric tons, from 1.14 million tons in the first three quarters of 2007, Codelco Russia’s Mechel signs deal with China’s Minmetals·China Minmetals Acquires 29.9% Holding in Shanxi Guanlu Co. ·Minmetals Changzhou Co invest in silicon steel production ·Minmetals, Codelco to seek global metals deals ·China Minmetals May Buy 40% Stake in Hunan Nonferrous Parent ·China Minmetals Chile Codelco working hard to boost output in H2SANTIAGO, Oct 30 (Reuters) - Chile’s Codelco, the world’s largest copper producer, said on Thursday it was working hard to boost output in the second half of the year, and also said it was working to maintain investment plans. Codelco reported on Chile Codelco: Norte Division 2008 Output To Fall 10% On YearSANTIAGO (Dow Jones)–Production at the Norte division of Chilean state copper miner Corporacion Nacional del Cobre will fall 10% this year compared with its 2007 output, the copper mining company said Tuesday. The decrease in production is due to UPDATE: Chile Codelco CEO Says Copper ‘Super Cycle’ Is Over(updates with additional comments from CEO) SANTIAGO (Dow Jones)–The so-called ’super cycle’ that brought copper prices to $4 a pound earlier this year has abruptly ended, the chief executive of Chilean state copper giant Corporacion Nacional del Cobre Chile Codelco Chief Executive: Copper ‘Super Cycle’ Is OverSANTIAGO (Dow Jones)–The so-called ’super cycle’ that brought copper prices to $4 a pound earlier this year has abruptly ended, the chief executive of Chilean state copper giant Corporacion Nacional del Cobre said Thursday. Codelco, as the miner is METALS: Super cycle over: CodelcoTHE so-called ’super cycle’ that sent copper prices soaring has abruptly ended, the CEO of the world’s biggest copper miner said. Codelco, the Chilean state copper giant, is a significant source of government revenue. ‘We all knew that we had high prices Super cycle ends for copper: CodelcoTHE so-called ’super cycle’ that sent copper prices soaring has abruptly ended, the CEO of the world’s biggest copper miner said. Codelco, the Chilean state copper giant, is a significant source of government revenue. ‘We all knew that we had high prices UPDATE 4-Copper lower on economic fears, Codelco update* Copper down over 3 percent as demand concerns weigh * Lower production levels for Codelco * Global markets down as economic worries linger (Recasts, adds comments/details, prices, changes pvs Singapore) LONDON, Oct 15 (Reuters) - Copper slipped on UPDATE 1-Codelco sees ‘08 Andina copper output 220,000 T(Updates with mine minister quotes) By Pav Jordan ANDINA MINE, Chile, Oct 9 (Reuters) - Chile’s Codelco sees copper output at its Andina division at 220,000 tonnes this year, rising to 240,000 tonnes in 2010 as the first phase of its expansion kicks in, China’s Minmetals says door remains open to Codelco dealsA recent foray into a potential deal with China’s Minmetals has the world’s largest copper miner, Codelco, considering doing business outside of its home base in Chile. Minmetals, Codelco to seek global metals dealsSHANGHAI - China Minmetals Corp., the country’s largest trader of base metals, said on Wednesday it would seek business opportunities globally with Chile’s Codelco, possibly marking one of Codelco’s first major forays abroad. The comments came day after UPDATE 3-Chile Codelco suspends Minmetals Gaby stake optionSANTIAGO, Sept 23 (Reuters) - Codelco, Chile’s state-owned copper miner, on Tuesday suspended a deal that gave a Chinese company the right to buy about half its newest mine, quelling domestic critics but potentially irking a major foreign partner. |
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