More Metal news releases

[G-khan]

Xstrata Fiscal Year Net Profit $1.7 Billion, Outlook Encouraging
Edited Press Release LONDON -(Dow Jones)- Xstrata said Wednesday that attributable profit for the year ended Dec. 31, 2005 was $1.7 billion compared with $1.1 billion.

Xstrata: Promising Result From Las Bambas Drilling
Edited Press Release LONDON -(Dow Jones)- Xstrata Copper Wednesday announced promising early results from the first year's drilling programme at the Las Bambas copper exploration project in Peru.

Copper price surges as Mexico mining
Copper rose on Thursday as widening labour strikes in Mexico's mining sector fanned global supply fears.Three-month London Metal Exchange copper rose $20 a tonne to $4 875/$4 880 a tonne after gaining $57 in the last London session.

Asia steel shares weigh; oil holds firm
An expected rise in January consumer price data, due on Friday, should also fuel expectations of a switch in BOJ policy.Tokyo's Nikkei average closed down 0,34% at 15,909.76, following a 1,49% drop on Wednesday.

Strike Stalls Mexico's Mining Industry
The union said the strikes will continue until the government retracts its recognition of Morales, and denied that any union members signed documents supporting a change of leadership.

U.K. regulator begins London metal exchange probe
regulator begins London metal exchange probe U.K. -

Strengthening die-cast aluminium parts
Extract not available.

Record handling of iron ore at port
Extract not available.

Gold Fields ups stake in Sino Gold to 14%
Gold Fields Limited (Gold Fields) (NYSE and JSE: GFI) is pleased to announce that it has acquired an additional 7.8 million shares in Sino Gold Limited. The shares were purchased directly from Standard Bank London Limited.

Strike virtually shuts down Mexico's mining industry
Extract not available.

U.S. mining giant faces nationwide protests in Indonesia
JAKARTA, March 2 (Xinhuanet by Heru Andriyanto ) -- Students have staged rallies in many parts of Indonesia over the last several days demanding the closure of U.S.

Cerrejon stake opens US to Xstrata
Cerrejon stake opens US to Xstrata March 2, 2006 London - Xstrata, the world's biggest exporter of coal used by power plants, has agreed to buy a $1.7 billion (R10.5 billion) stake in a Colombian mine to tap rising US demand.

Steel soars by Rs 2,000/t, but aluminium slides
MUMBAI: Steel prices are firming up, while aluminium is losing some lustre and zinc prices continue to move northwards.

Codelco Profits Soar
Extract not available.

Leighton nets $330m mine deal
Australia's largest construction group, Leighton Holdings, has won a $330 million contract to build a coal mine in Queensland for BHP Mitsui Coal.

BHP Billiton denies power cuts may halt investment
Earlier this week, the London- and JSE-listed BHP Billiton said early stage investigations indicate that, right now, there is not the power needed to expand the (Mozambican-based) Mozal smelter and (KwaZulu-Natal) Hillside plant.

Rand, precious metals to dominate markets
Rand, precious metals to dominate markets The rand will determine the course of local financial markets today The rand and precious metals will likely determine the course of local financial markets today.

Strike stalls Mexico's mining industry
Mexico's mining industry virtually shut down Wednesday when thousands of miners went on strike to support their union boss, who may be ousted amid accusations he responded poorly to a mining tragedy that left 65 coal miners dead.

Mexico's mining industry hit by strike
Striking miners also are demanding better working conditions.The full extent of the strike wasn't clear Wednesday afternoon, although a number of major companies confirmed work stoppages -- including the world's biggest silver producer, Penoles.

ZAMBIA : To reclaim position as leading copper producer
Extract not available.

Inco's $12.5 Billion Falconbridge Bid Rekindles Canadian Unions' Rivalry
March 2 (Bloomberg) -- Bob Dickie, a retired worker at Inco Ltd., says the Canadian nickel producer's $12.5 billion bid for Falconbridge Ltd. may finish a job he started almost 50 years ago: combining two unions that fought for a generation.

China key to health of global steel industry - Moody's
02.03.2006 04:52 BEIJING (AFX) - The global steel industry is increasingly dependent on China because of the country's growing production capacity and consumption levels, Moody's (Nachrichten) Investors Service said. '

China's Chalco preferred tenderer for Australian aluminum ore mine
02.03.2006 05:25 SYDNEY (AFX) - Chinese government-owned aluminum company Chalco (Nachrichten) has been named as the preferred company to develop a massive aluminum ore mine in Australia's Queensland state.

General News:A Mittal/Arcelor Merger Should Not Seriously Affect Steel Prices
Steel, Construction News A Mittal/Arcelor Merger Should Not Seriously Affect Steel Prices General News - 2006 February 28 Mittal Steel's dramatic takeover bid for Arcelor is the biggest ever attempted merger in the steel industry.

India:Steel prices may shoot up; budget increases import duty on steel melting scrap
He has cut customs duty from 10 to 7. : ;

Japan:Japan's Sumitomo Metal Industries and Nippon Steel mull merger of units
MetalsMining Nippon Steel Corporation Sumitomo Metal Industries LTD Steel, Construction News Japan's Sumitomo Metal Industries and Nippon Steel mull merger of units Japan - 2006 March 1 Nippon ...

Iron ore price increases could be 20%
Tough negotiations over prices have stalled between the world's biggest steelmakers in China and the suppliers of a key raw material, iron ore. %

Steel prices are flat
Steel cycles come and go and, sometimes, activity stalls. That seems to be the situation just now as pricing was treading water in February, waiting for the next surge or collapse.

Copper Prices Climb as Strike at Mines in Mexico May Disrupt Supplies
March 1 (Bloomberg) -- Copper prices in New York rose the most in a week on concern that strikes at mines in Mexico will crimp supplies of the metal.