Hindustan Copper Ltd said it plans to sell 5,000 tonnes of copper concentrate after the closure of one of its two smelters left with it surplus raw material.
The copper concentrate will be sold either in the local market or overseas, Finance Director Mr M. Samajpati said in a telephone interview from Kolkata, where the [...]
Copper
Hind Copper to sell concentrate
Yunnan announces second phase of stockpiling
China’s Yunnan provincial government has announced a second round of stock financing measures to support local producers of non-ferrous metals. The first scheme began in December 2008 and allowed for up to 552,000 tonnes of metals from nine producers to be reserved as collateral for commercial bank loans under-written by the province. The second phase [...]
OZ Minerals debt refinancing extended
OZ Minerals says its bankers have granted it a two-month extension to refinance its debt obligations.
The lending facilities were due for repayment on April 30, but the zinc and lead producer now won’t have to pay until June 30.
OZ Minerals said the extension was granted to allow it to complete a deal with China Minmetals [...]
Philex says Philippine mine project may cost $500 mln
Top Philippine miner Philex Mining Corp said on Wednesday it may need $500 million to develop and operate a gold and copper project in the southern Mindanao island.
The company told Manila’s stock exchange it expects to complete a pre-feasibility study on the Boyongan project by the end of 2009, after which it would advance [...]