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Copper/Nickel: Vale’s plan to revive the $40 billion unit takes a new blow
Vale SA's plan to restructure its copper and nickel mining unit is taking longer than expected, threatening to delay a possible sale or spin-off of a group that the miner says could be worth $40 billion. The world's second-largest iron producer has cut its annual...
Copper: Antofagasta cuts production guidance
Chilean miner Antofagasta lowered its production target for the full year to 640,000-660,000 tonnes, due to a leak in an underground pipeline transporting concentrate from Los Pelambres and water shortages hampering production. The miner said that copper production in...
Nickel: BNC starts greenfield projects to increase production
Nickel producer Bindura Nickel Corporation (BNC) said it has initiated greenfield projects to increase raw materials for its smelter, while the miner is conducting preliminary discussions with interested parties on possible partnerships for the reactivation of the...
Nickel: Vale’s production falls in the second quarter
Vale Indonesia mining company INCO.JK reported crude nickel production of 12,567 tonnes in the April-June period, down 16.5% from the same period last year's 15,048 tonnes. Production in the second quarter brought nickel output for the January-June period to 26,394...