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China Industry Ask Mining Companies to Pay 74% More to Process Copper Mine Next Year
Smelters in China, the world’s biggest copper consumer, asked BHP Billiton Ltd. and other mining companies to pay 74 percent more to process copper next year, two industry officials involved with the negotiations said.
BHP Billiton May Need Cut Iron Ore Mine Production Next Year
BHP Billiton may need to cut its iron ore production by a quarter next year as a slump in global steel output curbs demand for raw materials, Merrill Lynch says.
The world’s third biggest ore producer might cut output from its mines in Western Australia by 30 million metric tonnes in response to a price slump, [...]
Mining Companies Plans Cutting Mine Production as Slowdown Sharpens
Mine suspensions and project deferrals are gathering pace as the mining industry deals with the sharpest slowdown in living memory, with more Australian operations facing cutbacks over the next few months.
Copper Mine Exploration Project and Market Analyzes
This report analyzes the worldwide markets for Copper in Thousands of Metric Tons. The specific end-use segments discussed are Building and Construction, Electrical and Electronic, Industrial Machinery and Equipment, Transportation, and Consumer and General Products. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America. and Rest of World.
Rio Tinto Decline Profit Forecast 36% by ABN on Lower Iron Ore and Coal Prices
Rio Tinto Group, the world’s third- largest mining company, had its 2009 profit estimate cut 36 by ABN Amro Holding NV because of forecast declines in iron ore and coal prices. The stock fell as much as 4.9 percent in Sydney.
Asia Mining Trade and Market Reports, Gold Mine Rise Biggest in 9 Years
Gold had the biggest monthly increase in nine years, and cocoa had the largest weekly gain in six years. ThyssenKrupp AG said it will cut costs by more than 1 billion euros ($1.3 billion) this fiscal year. Freeport-McMoRan Copper & Gold Inc. may increase production cuts and take a “significant” writedown on its $26 billion [...]
Gold Mining Company Need to Get Glitter on Margins
Gold producers have only themselves to blame for missing out on a market re-rating in line with the surge in local gold prices to near record territory.
BHP Billiton Delay Mining Exploration Invesment in Chile Mine
BHP Billiton Ltd., the world’s largest mining company, will delay the development of a plant to process molybdenum at a Chilean mine.
BHP made the decision after a decline in the price of molybdenum, used to strengthen steel, said Mauro Valdes, the company’s spokesman in Santiago.
The Biggest Mining Exploration Companies cut output iron-ore mine
BHP Billiton Ltd., the world’s largest mining company, and Cia. Vale do Rio Doce will cut output of iron-ore pellets from their Samarco venture in Brazil by 65 percent on weakening demand for the steelmaking material.
