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PolyMet and Teck form joint venture to develop mining projects in Minnesota
PolyMet Mining Corp and Teck Resources Ltd said Wednesday that they will form a joint venture to develop their copper and nickel mining projects in Minnesota. The new company, called NewRange Copper Nickel LLC, will share the development costs of the two proposed...
Steel: production in Italy fell by 14% year-on-year in June
Italy's crude steel production in June fell 14.2% year-on-year to 1.88 million tonnes, due to weaker demand and higher energy costs. In the first six months of the year, production fell by 4.0% to 12.23 million tonnes. Production of long products in electric arc...
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...