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Shandong province in East China is still dealing with the damage after the Typhoon Lekima slammed the region on August 11-12, and industrial enterprises such as nonferrous smelters and steel mills have their operations affected, Mysteel Global understood from the local companies on Wednesday.
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The Mirador copper mine in Ecuador, an open-cut mine financed and constructed by a Chinese consortium led by China’s major copper producer Tongling Nonferrous Metals Group Holdings Co (Tongling Group), was officially brought on stream on July 18, a Tongling official confirmed on July 26.
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London-headquartered Chilean copper miner Antofagasta PLC posted a sharp increase in copper production in H1, being up 22.2% on year at 387,300 tonnes, mainly thanks to higher throughput and copper grades at most of its operations, according to its Q2 production report released on July 24.
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Anglo American’s copper production inched up 2% on year to 320,200 tonnes in H1 this year with the contribution from Q2 being 159,100 tonnes, or up 1% on year, both in pure metal, according to the global miner’s latest quarterly report released on July 18.
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Yunnan Aluminum Co, one of China’s major aluminum producers, predicts a 236% year-on-year growth in its net profit over January-June to Yuan 162 million ($23.6 million) amid cost reduction in raw materials and human resources, as well as Chinese government’s lowering VAT, a company official confirmed on July 18.
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Production Summary
(1) Contained metal basis. Reflects copper production from the Copper business unit only (excludes copper production from the Platinum Group Metals business unit).
(2) Wet basis.
(3) Reflects export production from South Africa and attributable export production from Colombia.
(4) Reflects nickel production from the Nickel business unit only (excludes nickel production
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BHP plans to increase copper production to 1.71-1.82 million tonnes (metal contained) for the its Fiscal 2020 year (July 2019-June 2020) from the 1.69 million tonnes for FY19, according to the miner’s latest quarterly operational report released on July 17.
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Hebei Puyang Iron & Steel Co, a privately-owned carbon steelmaker based in North China’s Hebei province, is planning to build a 600,000 tonnes/year nickel pig iron (NPI) plant in Indonesia, an official from the company confirmed on Tuesday.
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Inspectors from the local government of North China’s Shanxi province have begun investigating complaints that alumina plants in the province are responsible for serious leaks from sludge dumps that are causing pollution. Thus, market sources fear alumina supplies could be significantly affected.
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Nickel and copper production at Brazilian mining giant Vale declined during this year’s January-March quarter from October-December, mainly due to lower mill processing rates and maintenance at some of its works, according to the company’s Q1 production report released on May 8.
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UC Rusal of Russia (Rusal), one the world’s top aluminum producers and headquartered in Moscow, produced 928,000 tonnes of primary aluminum during the first quarter of 2019, lower by 1.6% compared with October-December and by 0.3% on year, according to the smelter’s latest Q1 report published on April 30. The company expected the global aluminum market to remain weak this quarter.
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The diversified Anglo-Swiss miner Glencore Plc posted 7% and 10% year-on-year declines in its copper and nickel output respectively over the January-March quarter while its zinc production rose 8% on year during period, according to its latest quarterly report.
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Anglo American’s copper production picked up 4% on year to 161,000 tonnes in Q1 this year and making for the company’s best first quarter performance for Cu since 2014, the global miner said in its latest quarterly report released on April 25, citing the strong performance at all its operations.
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Plans announced by Yunnan Shenhuo Aluminum Co (Yunnan Shenhuo) last July to build a new 900,000 tonnes/year primary aluminum smelter in Southwest China’s Yunnan province have been delayed a little because construction only began last November, a company official told Mysteel on Tuesday. Yunnan Shenhuo is a wholly-owned subsidiary of Shenzhen-listed Henan Shenhuo Coal Industry and Electricity Power Co (Shenhuo Group).
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Minerals and Metals Group (MMG), the Australian nonferrous metals subsidiary of China Minmetals Corporation (Minmetals), has disclosed that its copper output over January-March declined 10% on year while its zinc production rose 21% over the same period.
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Shandong Weiqiao Aluminum and Power Co, one of China’s major aluminum producers and based in East China’s Shandong province, has built new smelting facilities in Shandong with a total aluminum capacity of 542,000 tonnes/year, according to an announcement from the Shandong provincial government’s Department of Industry and Technology.
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For the FY2019 (July 1 2018-June 30 2019), BHP has kept its copper production guidance unchanged at 1.65 -1.74 million tonnes, though its copper output in the first nine months of FY19 fell by 3% on year to 1.25 million tonnes, according to the Melbourne-based company’s latest quarterly production report released on April 17.
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China Smelters Purchase Team (CSPT) has settled treatment and refining charges (TC/RCs) for copper concentrates for the current quarter beginning April 1 at $73/t and 7.3 cents/lb respectively, lower than those for Q1 and the guideline levels agreed for the whole year of 2019, market sources confirmed.
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Yunnan Copper Co, based in Southwest China’s Yunnan province and one of China’s major copper producers, witnessed a significant decline in its performance last year, with its net profit tumbling by 46% on year to Yuan 124.8 million ($18.6 million), mainly due to weaker sales of copper cathode, its core product, according to the company’s latest annual report released on April 3.
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A shrewd tweak of its business plan last year saw China Hongqiao Group, the country’s leading privately-owned integrated aluminum producer, double the share that sales of alumina enjoyed in its overall business, the Shandong-headquartered company’s latest annual report shows.
