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Mining news: COPPERCAMEC suspends cobalt, copper production in CongoCentral African Mining & Exploration Company said it has suspended copper and cobalt mining operations in the Democratic Republic of Congo after a drop in demand and prices, sending shares down 18 percent. ‘The decision is a swift reaction to a sudden Mongolia to seek 34 pct of Oyu Tolgoi as prices dropBy Lucy Hornby A working group studying revisions to the country’s minerals law [...]SHARETHIS.addEntry({ title: “Mongolia to seek 34 pct of Oyu Tolgoi as prices drop”, url: “http://www.business-mongolia.com/mongolia-mining-and-mineral/mongolia-to-seek-34-pct-of-oyu-tolgoi-as-prices-drop/” }); Straits reviews copper mines in NSW, WAStraits Resources Ltd is reviewing the viability of its Tritton copper mine in New South Wales and Whim Creek copper mine in Western Australia after a sharp plunge in the metal’s price. Straits on Thursday confirmed to the Australian stock exchange (ASX) Pops & Drops: Astra-Zeneca, Freeport-McMoRan…Companies:Jack in the Box Inc | Lincoln National Corp | La Z Boy Inc | Royal Caribbean Cruises Ltd. | Capital One Financial | Freeport-Mcmoran Copper & Gold Inc | ASTRAZENECA PLC | Tyson Foods Inc | J.M. Smucker Company Following are the day?s biggest Macquarie declare force majeure on metalsin large surpluses arriving in late 2008 and through 2009. Beyond 2009, Macquarie likes copper, steel and coking coal among the commodities that should see some demand recovery in 2010. It said that ‘Commodities that are very dependent on smaller, less Zambia Jan-Sep Copper Output Up 10.7% On Year - OfficialDOW JONES NEWSWIRES Zambian copper production in the first nine months of the year increased by 10.7% on year as copper mines recovered from operational disruptions suffered earlier in the year, a government official told Dow Jones Newswires Wednesday. Zambia Jan-Sep Copper Output Up 10.7% On Year - OfficialDOW JONES NEWSWIRES Zambian copper production in the first nine months of the year increased by 10.7% on year as copper mines recovered from operational disruptions suffered earlier in the year, a government official told Dow Jones Newswires Wednesday. ZambiaWeak copper prices will prevent from meeting its forecast target of raising additional revenue totalling $415 million from foreign mining firms, central bank governor Caleb Fundanga said on Wednesday, Reuters reported. Zambia had hoped to raise the Jiangxi Copper Corporation starts an expansion project.SH) starts its renovation and expansion project on the copper-and-gold mine, and it is aimed to double its annual production capacity to 50 million tons. When the project is finished, the mine will be able to produce 6,268 tons of copper ore 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 Silence in London, loud in the CongoCamec declines to comment on the halting of its cobalt-copper operations in the DRC, Camec’s only real operating asset. Western Mining Plans to Sell $586 Million of Bonds·Zijin Mining to buy remaining 49% shares in Zijin Copper ·Xinxin Mining buy 3 nickel-copper mines in Xinjiang ·Western Mining to Acquire Parent’s Inner Mongolia Mine Interest ·Gold miner eyes more acquisitions ·Cota Mining of Congo Stops Copper Zambia mine starts new $5OO mln copper smelterZambia’s Konkola Copper Mines (KCM) has launched its new Nchanga copper smelter under plans to raise copper cathode output to 500,000 tonnes within two years, the company said on Tuesday. The Nchanga smelter, which has a capacity to produce 300,000 Recession reports - Australia faces firstthe second quarter. A slowdown in Australia’s fastest growing export market would hurt shipments of iron ore, coal, copper and cotton. Mr Wayne Swan treasurer said that Australia may be hit harder than expected as the global slowdown spreads to the Chile copper export revenue sinks to $2.692 bln in OctThe value of Chile’s copper exports was $2.692 billion in October, down 28.6 percent from the same month last year, central bank figures showed on Monday. In September this year, Chile exported $2.323 billion worth of copper and in October 2007, copper KGHM sees 2009 copper production in line with 2008KGHM KGHM.WA, Europe’s biggest copper miner, expects its output in 2009 to be in line with this year’s even though it expects a 2-1/2 month maintenance shutdown of its Glogow mine, its chief financial officer said on Monday. In its full-year budget, KGHM UPDATE 1-Freeport-McMoRan cutting over 600 mine jobs in USBy Steve James NEW YORK, Nov 18 (Reuters) - Freeport-McMoRan Copper & Gold Inc said on Tuesday it is cutting more than 600 jobs at its U.S. mining operations to lower costs at a time when copper and other metal prices have plummeted. The cuts come a week UPDATE 1-Freeport-McMoRan cutting over 600 mine jobs in USBy Steve James NEW YORK, Nov 18 (Reuters) - Freeport-McMoRan Copper & Gold Inc said on Tuesday it is cutting more than 600 jobs at its U.S. mining operations to lower costs at a time when copper and other metal prices have plummeted. The cuts come a week Foreign Demand for U.S. Treasuries Is Still Strongon related themes Dollar/Currencies Foreign Demand for U.S. Treasuries Is Still Strong Nov 18, 2008 Decline in Copper Does Not Bode Well for Chile Nov 17, 2008 Dollar Hanging on GM’s Fate Nov 17, 2008 Precious Metals Will Depose Cash from Its Temporary Bel Fuse Inc. Q3 2008 Earnings Call Transcriptof ? the bigger issues are a big wavier for us over weight [ph]. And while we?ve got copper and steel and petroleum based products n there, we are not seeing any ? so far although on the world markets, it surprises it came down. That hasn?t |
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