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Factbox – Mines and plants hit by low prices, high cost

Posted on: April 29, 2009


Reuters – Wednesday, April 29

Jan 13 – Mitsubishi Materials Corp <5711.T> said will cut copper production by 10 percent from February. [ID:nT135361]

Jan 13 – Rio Tinto said has shelved a plan to extend its Northparkes copper mine in Australia as it slashes capital spending. [ID:nSYD378658]

Jan 13 – Oz Minerals Ltd said to put Scuddles mine at its Golden Grove project on care and maintenance, resulting in about a 25,000 tonnes cut in zinc output in 2009. [ID:nSYD374863]

Jan 13 – Xstrata said it is restructuring lead-zinc operations at its Mt Isa mining and processing complex in Queensland, Australia. Handlebar zinc-lead mine also to be mothballed from Feb. 12. [ID:nSYD219008]

Jan 12 – Monterrico Metals <MNA.L>, a unit of China’s Zijin Mining Group Co Ltd <2899.HK> said re-evaluating timetable for developing Rio Blanco copper project in Peru. [ID:nN12346783]

Jan 12 – Tajikistan reduced aluminium output 4.7 percent last year and will cut it by 5.0 percent this year. [ID:nLC197455]

Jan 9 – HudBay Minerals Inc <HBM.TO> said will suspend operations at Chisel North zinc mine and Snow Lake concentrator in Manitoba. [ID:nN09283643]

Jan 9 – Rio Tinto has all but halted its $2.5 billion expansion of the Kitimat aluminium smelter in British Columbia, union says. [ID:nN09498469]

Jan 9 – China’s Shanxi Guanlu <000831.SZ> said it was shutting 40,000 tonnes of aluminium capacity. [ID:nHKG101313]

Jan 8 – Teck Cominco Ltd <TCKb.TO> said will cut about 1,400 jobs, or 13 percent of its staff, as part of plan to lower costs and keep competitive. [ID:nN08524937]

Jan 8 – South Korea-based LS-Nikko Copper said will cut cathode output about 10 percent. [ID:nSEO72160]

Jan 7 – Aditya Birla Minerals Ltd <ABY.AX> places Mt Gordon copper mine in Queensland, Australia on care and maintenance. [ID:nSYD361356]

Jan 7 – Vimetco said has cut aluminium output in Romania by 44,000 tonnes this year. In November, company said it might cut production there by 65,000 tonnes. [ID:nL7070043]

Jan 6 – Alcoa Inc said to cut jobs, halve capital spending and reduce output further to total of 750,000 tonnes on an annualised basis. [ID:nN06444898]

Jan 6 – Volcan <VOL_pb.LM> has halted work at its Cerro Pasco zinc mine in Peru, a union official said. [ID:nN06425838]

Jan 6 – Boliden mulls putting Tara lead-zinc mine in Ireland on care and maintenance, union said. [ID:nL6709343]

Jan 5 – Sumitomo Metal Mining Co Ltd <5713.T> said has cut copper output plan by 7 pct for six months to end-March. [ID:nT183576]

Jan 5 – Lead producer Doe Run Co said would cut its mine output to 5 million short tons per year from a planned 6 million with immediate effect. [ID:nN05621899]

Jan 2 – New Gold Inc <NGD.TO> suspends mining at Amapari gold mine in Brazil and places on temporary care and maintenance. [ID:nBNG386203]

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