The National Development and Reform Commission in China has reported power increase by restricted category firms. Such firms fall under the zinc (Zn), aluminium (Al), cement, steel, ferroalloy, calcium carbide and sodium hydroxide sectors. Lu Youqing, vice president of Aluminium Corp of China (Chinalco) is quoted saying: “Costs being driven up is a big problem.” [...]
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd have received the last two regulatory approvals for its proposed AUD 10 million investment into zinc miner Terramin Australia Ltd. For full story, click here
Interfax-China declared that China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd have received the last two regulatory approvals for its proposed AUD 10 million investment into zinc miner Terramin Australia Ltd. For full story, click here
China’s Yunnan Luoping Zinc & Electricity Co. has planned to expand its zinc smelting capacity by 50% to 120,000 metric tons a year in July. For full story, click here
Platts declared that China’s zinc sector is divided over the impact of a possible continuing spike in three-month LME zinc prices. For full story, click here
The state-run nonferrous metals information provider declared China’s State Reserve Bureau plans to buy 400,000 tonnes of lead and zinc in the next three years to keep in line with the Chinese government’s metals revitalization plans to control supplies. For full story, click here
Interfax-China declared that Zinc futures prices on the Shanghai Futures Exchange may slip in the short term on dipping demand and rising supply. Mr Chen Xiaodong, an analyst from Guang Sheng Futures, stated: Zinc prices have rebounded too rapidly recently the global zinc market expected to be in surplus this year. With the traditional slack [...]
Terramin Australia Ltd., an Australian zinc and lead producer, will commence financing talks in China next month for its planned $266 million Tala Hamza zinc and lead mine in Algeria. For full story, click here
Most of China’s zinc mines have resumed output, returning more than 85 percent of China’s zinc mining capacity to operation, rise from 20 percent in February. For full story, click here
Australia declared that it has allowed China & aposs state-owned Minmetals to acquire debt-laden OZ Minerals, the country & aposs third largest mining company for USD 1.21 billion after the Chinese mining giant submitted a revised bid that excluded a mine in a sensitive military area. For full story, click here
Thursday, May 13, 2010