Nonferrous

Correction: Ormet power costs up by $4.81 MWh

Tue, 21 May 2013 17:57:00 GMT

Due to a reporting error, an article in the May 21 edition incorrectly stated the increase in Ormet Corp.’s power costs following a second-quarter rate adjustment on March 1.

DRC to ‘fully enforce’ ban on cobalt conc, copper exports

Tue, 21 May 2013 17:49:00 GMT

The Democratic Republic of the Congo will "fully enforce" its ban on exports of unprocessed copper and cobalt concentrates starting this summer, Martin Kabwelulu, the nation’s minister of mines, reiterated.

China’s ferrochrome imports fall as steel mills slash prices

Tue, 21 May 2013 16:26:00 GMT

China’s ferrochrome imports fell to their lowest level in nearly seven months in April amid price cuts from domestic stainless steel mills, with the downward trend expected to continue as the monsoon season sets in.

On the radar at Bingham Canyon: anticipating mine wall slides

Tue, 21 May 2013 14:35:00 GMT

Radar, prisms and robots would seem more appropriate in the latest Hollywood blockbuster than in a mine in Utah, but exactly this kind of technology helped Rio Tinto Plc’s Kennecott Utah Copper avert what could have been a major human catastrophe last month.

Bingham Canyon wall slide won’t disrupt long-term plans

Tue, 21 May 2013 14:31:00 GMT

Rio Tinto Plc’s Kennecott Utah Copper is confident that the recent wall slide at its Bingham Canyon Mine will not significantly disturb its so-called "giant leap" project.

Bingham Canyon Mine output to remain curbed at least 6 months

Tue, 21 May 2013 14:28:00 GMT

Kennecott Utah Copper’s Bingham Canyon Mine will operate at a reduced capacity for at least six months, and probably longer, as a result of one of the biggest mine wall slides in history.

Time frame of Kennecott force majeure unclear

Tue, 21 May 2013 14:26:00 GMT

Kennecott Utah Copper said it does not yet have a clear idea as to how long the force majeure situation at its Bingham Canyon Mine will last.

Constellium IPO expected within days

Mon, 20 May 2013 22:27:00 GMT

Constellium N.V. expects to price company shares May 22 in an estimated $400-million initial public offering (IPO), according to a company presentation.

VIDEO: Kennecott’s Bingham Canyon update

Mon, 20 May 2013 22:25:00 GMT

AMM's special correspondent Andrea Hotter ventures to the site of Kennecott Utah Copper’s Bingham Canyon Mine in the aftermath of last month's massive wall slide.

PXP shareholders OK Freeport deal

Mon, 20 May 2013 22:17:00 GMT

Freeport-McMoRan Copper & Gold Inc.’s previously announced acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets is expected to close May 31 after PXP shareholders approved the deal at a special meeting May 20.

GBC’s initial public offering may price this week

Mon, 20 May 2013 22:10:00 GMT

Global Brass & Copper Holdings Inc.’s (GBC’s) initial public offering (IPO) is likely to take place this week, according to a company presentation.

Felman plans to idle furnace, cut staff

Mon, 20 May 2013 20:38:00 GMT

Felman Production LLC will idle one of its three electric-arc furnaces May 31 and has already begun reducing its work force, citing a recent decline in silicomanganese prices as a primary factor for the cost-cutting.

Aluminum fence standard OK’d

Mon, 20 May 2013 20:25:00 GMT

ASTM International has approved a new specification for ornamental aluminum fence systems.

Woulfe Mining reviews costs, Sangdong project

Mon, 20 May 2013 19:01:00 GMT

Woulfe Mining Corp. is aiming to reduce costs after a companywide review revealed liquidity issues and the ability of the company and its subsidiaries to meet various payables beyond the next few months.

Sale or liquidation said Ormet’s options

Mon, 20 May 2013 18:45:00 GMT

Bankrupt aluminum producer Ormet Corp. says it could be forced to liquidate if its sale to an entity owned by private investment firm Wayzata (Minn.) Investment Partners LLC is not approved.

Davis to raise funds, invest in resources

Fri, 17 May 2013 22:52:00 GMT

Former Xstrata Plc chief executive officer Mick Davis has hired Goldman Sachs Group Inc. as part of a plan to raise a major mining fund—potentially worth billions of dollars—and could make a play for the Las Bambas copper project in Peru, AMM sister publication Metal Bulletin understands.

Ferbasa’s first-quarter profits decline as shipments slide

Fri, 17 May 2013 22:38:00 GMT

Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) saw first-quarter earnings fall year on year on reduced exports and increased costs.

SAG mill at Copper Mountain Mine down

Fri, 17 May 2013 20:36:00 GMT

Operations at Copper Mountain Mining Corp.’s semi-autogenous grinding mill at its Copper Mountain Mine in British Columbia have been temporarily suspended.

Midwest aluminum premiums narrow

Fri, 17 May 2013 19:55:00 GMT

Midwest aluminum premiums rose slightly this past week after discounts subsided in the wake of lower metals prices on the London Metal Exchange.

Secondary aluminum alloy prices hold steady

Fri, 17 May 2013 19:08:00 GMT

Slowing demand and lower scrap prices could bring secondary aluminum alloy prices down in the coming weeks, according to market sources.

LCH.Clearnet increases LME trade fees, shocking brokers

Fri, 17 May 2013 16:58:00 GMT

LCH.Clearnet has increased the registration fee for London Metal Exchange trades to 15 pence per lot (23 cents) from 5 pence (8 cents), it announced May 15.

ITA concludes China silicon metal review

Fri, 17 May 2013 16:40:00 GMT

The U.S. Commerce Department’s International Trade Administration (ITA) has determined that Shanghai Jinneng International Trade Co. Ltd., the sole company under review in an anti-dumping duty administrative review of silicon metal imports from China from June 1, 2011, to May 31, 2012, didn’t have any reviewable transactions. The China-wide cash deposit rate is 139.49 percent.

Glencore Xstrata taps Hayward interim chairman

Fri, 17 May 2013 16:12:00 GMT

Tony Hayward, former chief executive officer of oil company BP Plc, has stepped in as interim chairman of Glencore Xstrata Plc following the departure of Sir John Bond.

Aluminum distributors divided over MSCI data

Thu, 16 May 2013 22:56:00 GMT

Service center sources are divided over whether recent data that showed declines in U.S. aluminum shipments and inventories last month indicate tough times ahead.

Alcoa to shut two potlines, delay third

Thu, 16 May 2013 20:16:00 GMT

Alcoa Inc. plans to permanently close two older potlines at its Baie-Comeau smelter in Quebec and postpone the construction of a new potline by three years as the company looks to cut costs.

Noranda's CEZinc may see output decline

Thu, 16 May 2013 18:14:00 GMT

Noranda Income Fund reported a boost in zinc production in the first quarter, but output rates may be reduced going forward as the closure of Xstrata Zinc Canada’s Brunswick Mine forces Noranda’s refinery to process feed mix with a higher impurity content, the company said.

Globe faces penalties after death at Ala. facility: OSHA

Thu, 16 May 2013 17:40:00 GMT

Globe Metallurgical Inc. faces $106,000 in penalties after the October death of a worker at its silicon metal plant in Selma, Ala.

Baja Mining records loss in first quarter

Thu, 16 May 2013 17:39:00 GMT

Baja Mining Corp. remained in the red in the first quarter as its in-development copper-cobalt-zinc-manganese project in Baja California Sur, Mexico, continued to face financing issues.

Mining still suspended at Grasberg mine as death toll rises

Thu, 16 May 2013 16:51:00 GMT

Mining operations were suspended for a second day at PT Freeport Indonesia’s Grasberg copper and gold mine as the company confirmed the death of five workers in a tunnel collapse the day before.

First Nickel exceeds output goal but logs loss in 1st qtr.

Thu, 16 May 2013 16:41:00 GMT

First Nickel Inc. produced an estimated 2.7 million pounds of payable nickel from its flagship Lockerby Mine in Ontario during the first quarter, up sharply from 1.2 million pounds in the same period last year and surpassing its goal of about 2.5 million pounds.

Alcoa names Wilt president of global primary products

Thu, 16 May 2013 16:22:00 GMT

Alcoa Inc. has appointed Robert Wilt as president of global primary products effective June 1, the company said May 16.

General Moly ends $125M loan deal for Mount Hope

Thu, 16 May 2013 16:18:00 GMT

General Moly Inc. and Sichuan Hanlong (Group) Co. Ltd. have agreed to terminate a $125-million loan deal that was intended to supplement a $665-million term loan to finance the Mount Hope molybdenum project in Nevada.

Glencore Xstrata’s Quebec mine venture kicks off output

Thu, 16 May 2013 16:12:00 GMT

Glencore Xstrata Plc has started zinc and copper production at the Bracemac-McLeod Mine in Quebec, in which it holds a 65-percent stake.

Kobe Aluminum expansion will increase auto offerings

Thu, 16 May 2013 15:01:00 GMT

Kobe Aluminum Automotive Products LLC (KAAP) has broken ground on a $66-million expansion at its Bowling Green, Ky., facility as the company looks to boost its offerings to the automotive sector.

US distributors' aluminum shipments slip: MSCI

Wed, 15 May 2013 21:43:00 GMT

U.S. service centers saw both aluminum shipments and inventories decline in April from the same month a year ago, while Canadian distributors watched both rise in the same comparison, Metals Service Center Institute (MSCI) data show.

PBGC files objection to Ormet sale

Wed, 15 May 2013 21:41:00 GMT

Pension Benefit Guaranty Corp. (PBGC) has objected to the sale of bankrupt aluminum producer Ormet Corp. to an entity owned by private investment firm Wayzata (Minn.) Investment Partners LLC.

Novelis forges on despite LME woes: Martens

Wed, 15 May 2013 21:26:00 GMT

Aluminum prices on the London Metal Exchange might not improve for a year or more, but that won’t change Novelis Inc.’s plans for growth, president and chief executive officer Philip Martens said.

Novelis management rejig targets global expansion

Wed, 15 May 2013 20:19:00 GMT

Novelis Inc. has announced a host of senior executive changes in what the company says are moves to better position it for global growth.

Conflict minerals framework set up for tungsten industry

Wed, 15 May 2013 20:11:00 GMT

A working group of tungsten refining companies has set up a framework to help people meet their legal obligations regarding conflict minerals, under section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Tungsten Corp. names Galda to board

Wed, 15 May 2013 17:42:00 GMT

Tungsten Corp. has appointed legal professional and securities expert Joseph P. Galda to its board of directors.

Copper concentrate supply looser, scrap tighter: Aurubis

Wed, 15 May 2013 17:37:00 GMT

Aurubis AG saw a loosening in copper concentrate supply during its fiscal first half ended March 31 as mine supply picked up, leading to a 10-percent increase in realized treatment and refining charges (TCs/RCs) during the period.

Revere sets 6% fabrication price increase

Wed, 15 May 2013 17:15:00 GMT

Revere Copper Products Inc. will increase its fabrication prices by 6 percent on all copper and copper alloy products effective with new orders July 1.

Two killed, 31 trapped in Grasberg collapse

Wed, 15 May 2013 16:20:00 GMT

A tunnel collapse at PT Freeport Indonesia’s Grasberg copper-gold mining operations has killed two workers and left 31 trapped.

Novelis to expand despite challenges

Tue, 14 May 2013 23:17:00 GMT

Novelis Inc. continues to move forward with expansions to its rolling, heat-treatment and recycling capabilities worldwide despite headwinds in Asia and a competitive can market in North America, company executives said.

More auto heat-treat capacity needed: Novelis

Tue, 14 May 2013 22:14:00 GMT

Novelis Inc. sees additional automotive aluminum sheet finishing capacity as necessary in the United States despite announced expansions from competitors, president and chief executive officer Philip Martens said.

DLA offering high-carbon ferromanganese

Tue, 14 May 2013 20:38:00 GMT

DLA Strategic Materials is again offering 2,000 short tons of 76.76-percent high-carbon ferromanganese from the domestic market and 1,145 tons of 76.45-percent material from Japan.

Novelis posts stronger net income despite challenges

Tue, 14 May 2013 20:18:00 GMT

Novelis Inc.’s profits surged despite lower average aluminum prices, lower shipments and disruptions at its North American operations.

Rusal tries to set example with output cut

Tue, 14 May 2013 19:48:00 GMT

United Co. Rusal has called for industrywide production cuts to check a supply glut.

Fire-hit Aleris plant resumes full operations

Tue, 14 May 2013 19:07:00 GMT

Aleris International Inc.’s fire-damaged plant in Richmond, Va., has resumed full operations.

Workers trapped at Freeport’s Grasberg mine after tunnel collapse

Tue, 14 May 2013 15:44:00 GMT

An unknown number of workers at PT Freeport Indonesia’s Grasberg copper-gold mine have been trapped after a tunnel in the underground training area collapsed, the company said May 14.

BHP slashing fiscal 2014 capex

Tue, 14 May 2013 15:41:00 GMT

BHP Billiton Plc will cut capital and exploration expenditures in fiscal 2014 and expects more substantial cuts thereafter, chief executive officer Andrew Mackenzie said May 14.

Spot aluminum premiums hold steady

Tue, 14 May 2013 15:32:00 GMT

Midwest spot aluminum premiums have remained largely unchanged over the past week despite continued and considerable disagreement over the direction of the market.

India's Tata Steel to report $1.6B write-down

Tue, 14 May 2013 14:59:00 GMT

Indian steelmaker Tata Steel Ltd. will report a $1.6-billion noncash write-down of its assets for its fiscal year ended March 31.

Globe Specialty Metals taps Ragan finance chief

Tue, 14 May 2013 14:41:00 GMT

Globe Specialty Metals Inc. has appointed Joseph Ragan as its new chief financial officer effective May 20.

Constellium sees IPO netting $180M

Mon, 13 May 2013 22:42:00 GMT

Constellium Holdco BV expects to net approximately $180 million from an initial public offering, according to documents filed May 13 with the U.S. Securities and Exchange Commission (SEC).

European Commission OKs Hydro, Orkla deal

Mon, 13 May 2013 21:49:00 GMT

The European Commission has approved a 50-50 joint venture between Norsk Hydro ASA and Orkla ASA, the companies announced May 13.

Kennametal to buy tungsten processor Emura

Mon, 13 May 2013 21:14:00 GMT

Tool maker Kennametal Inc. said it has signed a definitive agreement to acquire the operating assets of Bolivian tungsten ore processor and exporter Comercializadora Emura SRL.

Boleo Mine gets fund injection from Korea Resources

Mon, 13 May 2013 19:40:00 GMT

Baja Mining Corp.’s Minera y Metalúrgica del Boleo (MMB) copper-cobalt-manganese-zinc mining unit has received $65 million in construction funds from Korea Resources Corp., Baja said May 13.

Some optimism seen in billet market

Mon, 13 May 2013 18:56:00 GMT

Market participants remain divided on whether the aluminum billet market is seeing an uptick in demand after a slow first quarter, with some contending that building and construction activity is picking up and others reporting little change in order entry rates.

Energy, water issues weigh on Chile’s mining industry

Mon, 13 May 2013 15:55:00 GMT

Chile is expected to receive about $104 billion in mining project investment over the next 10 years, of which about $80 billion will go toward copper projects, the Chilean Copper Commission (Cochilco) said.

GlencoreXstrata copper output up 18% in 1st quarter

Mon, 13 May 2013 15:41:00 GMT

GlencoreXstrata Plc reported an 18-percent increase in copper output from its own mines in the first quarter vs. the same quarter last year due to a rise in production at its African operations.

Investment in Peru delayed by social conflicts over water

Mon, 13 May 2013 15:41:00 GMT

Social conflicts over water reserves have deferred more than $7 billion in Peru’s project investments since last year.

Latin American infrastructure woes barrier to mining

Mon, 13 May 2013 15:08:00 GMT

Latin America is the world’s most popular precious and nonferrous metals exploration destination, yet most countries in the region have recently suffered water and energy supply problems for their mining industries, according to a report released earlier this year by consultancy SNL Metals Economics Group.

Brazil’s aluminum sector largely unfazed by tariff cut

Mon, 13 May 2013 14:32:00 GMT

Brazil’s aluminum industry will be largely untouched by a government electricity tariff reduction measure announced in January despite the sector’s demand for large quantities of energy compared with other fields.

Amerigo reviews moly, cuts output forecast

Fri, 10 May 2013 22:05:00 GMT

Amerigo Resources Ltd. is conducting a "detailed economic review of molybdenum production under current prices" given the "minimal profitability" of its molybdenum operations in the first quarter, it said.

Thompson Creek seeks moly price recovery

Fri, 10 May 2013 21:37:00 GMT

Molybdenum prices won’t improve without an economic catalyst to boost global demand, and Thompson Creek Metals Co. Inc. is unlikely to resume stripping at its namesake mine until prices improve, chairman and chief executive officer Kevin Loughrey told AMM.

Royal Nickel inks royalty deal with Red Kite

Fri, 10 May 2013 21:27:00 GMT

Royal Nickel Corp. has signed a royalty purchase agreement with RK Mine Finance in which RK will acquire a 1-percent net smelter return royalty in the Dumont nickel project in Quebec for $15 million.

Alcan hopes to remain involved in Sebree

Fri, 10 May 2013 21:14:00 GMT

Rio Tinto Alcan wants to continue to play a role selling metal produced at its smelter and cast house in Sebree, Ky., even after selling the operation to Century Aluminum Co. later this spring, according to a letter to customers.

Cadillac lightweights luxury cars with aluminum, AHSS parts

Fri, 10 May 2013 20:50:00 GMT

Greater use of aluminum is helping Cadillac reduce overall weight of its ATS and CTS sedans, the luxury automaker said.

Gill to join Aluminum Association

Fri, 10 May 2013 19:11:00 GMT

Timothy Gill will join the Aluminum Association as vice president of business information and statistics effective May 27.

Chile’s copper output up 7.7% in 1st qtr.

Fri, 10 May 2013 18:52:00 GMT

Chile saw a 7.7-percent year-on-year increase in copper production in the first quarter of 2013 on larger volumes at Corporación Nacional del Cobre de Chile (Codelco) and BHP Billiton Plc’s Escondida and Antofagasta Plc’s Los Pelambres projects.

Ferroalloy price rebound unlikely before June

Fri, 10 May 2013 18:09:00 GMT

Spot ferroalloy prices have remained unchanged amid a continuing dearth of purchasing activity, with traders saying that it will probably be another month before third-quarter inquiries begin.

Bankrupt Ormet sold to Wayzata

Fri, 10 May 2013 17:26:00 GMT

Bankrupt aluminum company Ormet Corp. has been sold to an entity owned by private equity firm Wayzata (Minn.) Investment Partners LLC, according to court documents filed in U.S. Bankruptcy Court in Delaware.

Freeport reiterates support for PXP buy, won’t lift offer

Thu, 09 May 2013 23:05:00 GMT

Freeport-McMoRan Copper & Gold Inc. remains committed to its proposed acquisition of Plains Exploration & Production Co.’s (PXP’s) oil and gas assets under previously agreed terms.

Thompson Creek profits hit by moly prices

Thu, 09 May 2013 22:54:00 GMT

Thompson Creek Metals Co. Inc. posted a marginal first-quarter profit and year-on-year decrease in revenue due to lower molybdenum sales prices.

Commerce issues no duty in magnesium review

Thu, 09 May 2013 22:14:00 GMT

In the final results from its anti-dumping duty administrative review on magnesium metal from China from between April 1, 2011, and March 31, 2012, the Commerce Department’s International Trade Administration (ITA) has found that the lone respondent, Tianjin Magnesium International Co. Ltd., had no shipments during the period and therefore was not issued a duty.

Aleris sees strength in auto, aero, NA building sectors

Thu, 09 May 2013 20:50:00 GMT

Aleris International Inc. has high hopes for the rest of 2013 thanks to recent expansions, a strong outlook for the automotive and aerospace sectors, and a pick-up in North American building activity.

Aleris bullish on ’13 despite income fall

Thu, 09 May 2013 20:48:00 GMT

Aleris International Inc.’s profits were squeezed in the first quarter amid lower sales volumes, winter weather and tight profit margins in scrap and some rolled products.

Nickel premiums hampered by oversupply

Thu, 09 May 2013 20:03:00 GMT

Melting-grade nickel premiums remained at a ten-year low of 15 to 25 cents per pound, with traders continuing to lament a dearth of spot transactions amid domestic oversupply.

Revett Minerals reports loss as Troy Mine remains shut

Thu, 09 May 2013 19:59:00 GMT

Revett Minerals Inc. posted a first-quarter loss due to the ongoing suspension of mining operations at its Troy copper-silver mine in northwestern Montana.

Glencore, GfE-MIR buy DLA ferrochrome

Thu, 09 May 2013 19:19:00 GMT

Glencore International Plc and GfE-MIR AG purchased ferrochrome from DLA Strategic Materials for a combined $2.27 million.

Steel mill product trade deficit shrinks

Thu, 09 May 2013 17:46:00 GMT

The trade deficit between iron and steel mill product imports and exports, valued at $544 million, fell 20 percent in March after growing 11.5 percent in February as imports declined at more than twice the rate of exports, according to the U.S. Bureau of Economic Analysis.

Inquiries on conflict minerals rise

Thu, 09 May 2013 17:43:00 GMT

Regulations on the sourcing of tantalum, tin and tungsten are creating legal headaches in the U.S. manufacturing supply chain, according to panelists at the recent MetalMiner-sponsored Conflict Minerals Edge conference in Chicago.

Import reliance said harming defense

Thu, 09 May 2013 17:39:00 GMT

Several congressmen and a retired U.S. Army brigadier general are calling on the federal government to reduce its dependence on foreign-sourced raw materials used in defense equipment.

Aleris mill to be fully operational soon

Thu, 09 May 2013 17:35:00 GMT

Aleris International Inc. expects its fire-damaged plant in Richmond, Va., to be "fully operational in the next few days," chairman and chief executive officer Steven J. Demetriou said during a conference call May 9.

Oyu Tolgoi to ship copper in first half of 2013: Rio Tinto

Thu, 09 May 2013 17:19:00 GMT

Rio Tinto Plc expects to start shipping copper from its $6.6-billion Oyu Tolgoi project in Mongolia in the first half of this year, according to chief executive officer Sam Walsh.

HKEx’s first-quarter profit up slightly on boost from LME

Thu, 09 May 2013 17:17:00 GMT

Hong Kong Exchanges & Clearing Ltd. (HKEx), owner of the London Metal Exchange, posted a slight increase in first-quarter net profit and said gains from the $2.2-billion deal for the LME will be limited in the next two years as costs and lower profit margins offset trading fees.

LME's Abbott gets $770,000 HKEx share award

Thu, 09 May 2013 15:05:00 GMT

Hong Kong Exchanges & Clearing Ltd. (HKEx) has approved an award of shares to London Metal Exchange chief executive officer Martin Abbott that are worth almost £500,000 ($770,000).

Pensions spark ‘indefinite’ strike at Bolivia’s Huanuni

Thu, 09 May 2013 14:54:00 GMT

Workers at Bolivia’s Empresa Minera Huanuni (EMH), controlled by state-owned Corporación Minera de Bolivia (Comibol), began an "indefinite" strike May 6 over pension conditions, AMM sister publication Metal Bulletin has been told.

Paranapanema earnings up on stronger Brazilian sales

Thu, 09 May 2013 14:51:00 GMT

Brazilian copper producer Paranapanema SA’s earnings more than doubled year on year in the first quarter of 2013, according to the company’s quarterly report.

Buchans Minerals, Minco provide Plymouth deposit update

Wed, 08 May 2013 21:17:00 GMT

The Plymouth manganese carbonate deposit in Canada has an inferred resource of 43.7 million tonnes grading 9.98-percent manganese, Buchans Minerals Corp. and joint-venture partner Minco Plc said.

China's copper imports fall in April

Wed, 08 May 2013 18:01:00 GMT

Chinese copper imports fell 27.2 percent year on year and 7.4 percent month on month in April as open arbitrage failed to draw in enough shipments.

LME agrees to discuss Nasaac concerns

Wed, 08 May 2013 17:57:00 GMT

The London Metal Exchange has agreed to a meeting between its aluminum committee and the North American Die Casting Association (Nadca) in response to the die casting group’s call for immediate changes to the exchange’s North American special aluminum alloy contract (Nasaac), Nadca’s president said.

Nyrstar to revisit its marketing skills as Glencore deal ends

Wed, 08 May 2013 17:40:00 GMT

Nyrstar NV’s new commercial general manager will strengthen the company’s marketing functions ahead of the termination of its European zinc offtake deal with GlencoreXstrata at the end of the year and the closure of the Century Mine in 2016, he told AMM sister publication Metal Bulletin.

Battle lines drawn as companies reject DRC’s proposed mining code

Wed, 08 May 2013 16:41:00 GMT

Mining companies in the Democratic Republic of Congo (DRC) have raised objections to the government’s proposed mining code, describing some clauses as "a step backwards."

Globe eyes overseas acquisitions: executive

Wed, 08 May 2013 14:42:00 GMT

Globe Specialty Metals Inc. continues to mull potential acquisitions despite recent losses, lower silicon selling prices and operational problems, according to company executives.

First Quantum earnings dip on Inmet buy

Tue, 07 May 2013 22:32:00 GMT

First Quantum Minerals Ltd.’s earnings dipped in the first quarter due to an increase in general and administrative costs related to the company’s acquisition of Inmet Mining Corp.

Brass mill product imports down, exports up in March

Tue, 07 May 2013 22:29:00 GMT

U.S. brass mill product imports fell 3.6 percent in March compared with the same month last year, while total exports rose 1.8 percent, according to data released May 7 by the Copper & Brass Fabricators Council.

Fire at Nichols facility causes ‘minimal’ damage

Tue, 07 May 2013 22:20:00 GMT

A fire in an external wall at Nichols Aluminum LLC’s Lincolnshire, Ill., facility was quickly extinguished and production was largely unaffected, according to a local fire chief.

Heyco Metals promotes Mandle, Barry

Tue, 07 May 2013 22:03:00 GMT

Reading, Pa.-based Heyco Metals Inc. has promoted David Mandle to executive vice president and William Barry to vice president of sales and marketing.