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Copper: the cost of expanding Rio Tinto’s Oyu Tolgoi mine rises again
Rio Tinto reported on Friday a $300 million cost increase for the ongoing expansion of its huge Oyu Tolgoi copper and gold mine in Mongolia. The world's second-largest miner said the cost and schedule forecast, completed in June, now pegs the total cost of the project...
Copper/Cobalt: CMOC mine in Congo suspends exports
CMOC's Tenke Fungurume copper and cobalt mine has suspended all exports, complying with the demands of a court-appointed administrator. A spokesman for CMOC did not immediately respond to a request for comment, but said on Friday that the mine, which accounted for...
Steel/Rebar: rising demand drives up prices in Italy
Rebar prices rose in Italy as steel mills may increase prices this week for all long steel products due to rising energy costs. Although rebar prices in Italy have plummeted over the past month, a significant increase in demand indicates that the floor price may have...
Aluminium: Slovalco plant closes down
After the closure of the primary aluminium production unit, Slovalco's plant in Žiar nad Hronom will operate only a recycling centre for processing scrap, which was commissioned by the company this year. According to managing director Milan Veselý, the company will...