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Suspected metal theft for Aurubis
Aurubis saw some 500 million euros ($542 million) wiped off its market value Friday after Europe's largest copper producer said it suspected a criminal gang of stealing some of its metal. The company said it would not meet its profit forecasts for the full year,...
Zinc: Cerro de Pasco Resources records strong production at Santander mine
Cerro de Pasco Resources said it nearly doubled second-quarter production, approaching nominal capacity at its mine in Santander, Peru. The company produced 10 million pounds of zinc, 820,000 pounds of lead, and 66,000 ounces of silver in the three months to June 30,...
Nickel: Shanghai price touches 4-month highs on supply concerns and sustained demand
Shanghai nickel jumped Monday to its highest level in four months on the back of rising ore prices, tightening supply from Indonesia's largest producer and solid demand from the stainless steel sector. The most traded October nickel contract on the Shanghai Futures...
Copper and tin: Peru’s Minsur to invest at least USD 2 billion to expand operations
Peruvian mining company Minsur has announced an investment of at least USD 2 billion over five years to expand its copper and tin operations. Minsur will invest about $543 million in an underground project at the Justa mine, owned by the company and Chilean mining...