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BHP produced 1.29 million tonnes of copper and 83,817 tonnes of zinc in the first nine months of its 2018 financial year ended March, up 37% and 43% year on year respectively, according to the Melbourne-based company's latest quarterly production report released on April 19. Australia-headquartered companies generally follow the country's July-June financial year, Mytsel notes.
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Tongling Nonferrous Metals Group Holdings Company, headquartered at Tongling city in Central China's Anhui province, aims to produce 1.3 million tonnes of cathode copper this year, up by a slight 59,500 tonnes or 4.7% on the smelter's actual output in 2017.
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China Nonferrous Metal Mining Group (CNMC) has officially started work on its Lualaba copper smelting project in the Democratic Republic of Congo (DRC) in central Africa, holding a ceremony on March 28, according to a recent company statement. State-owned CNMC aims to commission a plant hosting a capacity in blister copper of 120,000 tonnes/year in 2020, it said.
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China's top copper producer Jiangxi Copper Co plans to produce 1.42 million tonnes of copper cathode in 2018, or up merely 3.6% on year, as the company is cautiously optimistic toward the copper market this year, according to its 2017 annual report released on March 29.
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Shanghai-listed Western Mining Co, a leading non-ferrous producer headquartered in Xining city in West China's Qinghai province, achieved a profit of Yuan 261 million ($42 million) for 2017, up by a large 161.2% year on year, according to the company's annual report released on March 28. Its business this year will be helped by the commissioning of a new 100,000 tonnes/year copper smelter set for May.
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Henan Yuguang Gold & Lead Co, Asia's largest electrolytic lead smelter, aims to promote secondary lead production this year as the company foresees great potential growth for China's secondary lead industry, the company annual report on March 24 showed.
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Zijin Mining Group (Zijin), the leading Chinese gold and copper miner, produced 37.48 tonnes of gold and 208,000 tonnes of copper during 2017, down 12% and 34.2% on year respectively. The company's zinc output, however, climbed 8% or 20,000 tonnes on year to 270,000 tonnes, according to Zijin's annual report released on March 24.
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Hong Kong-listed China Zhongwang Holdings, China's top aluminum alloy producer and fabricator, achieved a 33.1% year-on-year increase in its 2017 profit to reach Yuan 3.87 billion ($610 million), according to the company's performance report for 2017 released on March 23.
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Aluminum Corporation of China Limited (Chalco), China's largest producer of alumina and aluminum, produced 12.8 million tonnes of alumina and 3.61 million tonnes of aluminum in 2017, up 6.48% and 22.37% year on year respectively, according to its 2017 annual report published on March 23. The company enjoyed a 274% jump in net profits on year to Yuan 1.38 billion ($222 million) which it attributed to cost cutting and increasing domestic aluminum prices.
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Yunnan Aluminum Co, located in Southwest China's Yunnan province, aims to produce 1.4 million tonnes of alumina and 1.7 million tonnes of aluminum products this year, according to the company's annual report released on March 20.
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Taiwan's Yieh Phui Enterprise Co, a maker of carbon steel flat products including pre-painted galvanized, has told the Taiwan Stock Exchange it plans to build a ferronickel smelter and stainless steel plant in Indonesia via its Indonesian subsidiary, PT. E-United Ferro Indonesia.
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Yunnan Chihong Zinc & Germanium Co, a top lead and zinc producer located in Southwest China's Yunnan province, plans to produce 75,000 tonnes of electrolytic lead and 379,000 tonnes of zinc products this year, the company has announced.
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The Oyu Tolgoi mine in South Mongolia, which is majority held by Rio Tinto via Turquoise Hill, targets to produce 125,000-155,000 tonnes of copper and 240,000-280,000 ounces of gold, both in concentrates, in 2018, according to Turquoise Hill's fourth quarter report released on March 15.
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Ruilong Aluminum Company, located in Ulanqab city, Northwest China's Inner Mongolia Autonomous Region, plans to invest Yuan 64.5 million ($10.2 million) to build a new regenerative plant for making secondary aluminum in Changshun Industrial Park in Huade county, Mysteel confirmed on March 16.
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Nippon Steel & Sumitomo Metal Corp (NSSMC), Japan's largest integrated steelmaker, intends to acquire Swedish specialty steelmaker Ovako AB to expand its reach in special steel into Europe, the company announced on March 15.
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Zijin Mining Group, China's top nonferrous metals producer and refiner, expressed interest in investing in Rudarsko-topioni？arski Basen Bor (RTB Bor), a copper mining and smelting company, during a meeting which a visiting Zijin delegation had with Serbian President Aleksandar Vucin recently, according to a post on the Serbian Foreign Affairs Ministry website on March 13.
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China's Contemporary Amperex Technology (CATL) is continuing with its exploration of investment opportunities in new materials especially metals for batteries by having agreed to buy the stake of the La Corne lithium project in Quebec, East Canada, from Jilin Jien Nickel Industry.
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China's 400-series stainless steel output is expected to grow further, thus regaining some market share from the low-quality 200-series in the coming years, according to a post by the Stainless Steel Council of China Special Steel Enterprises Association (CSSC) on March 13.
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Shandong Nanshan Aluminum (Nanshan) is planning to partner with French light metals fabricator Figeac Aero to establish a joint venture to fabricate, process and assemble aircraft components, according to a release from the North China-based firm on March 14.
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London-headquartered Chilean copper miner Antofagasta PLC posted a sharp rise in full-year earnings for 2017 on March 13, with its revenues up by 31.1% on year to $4.75 billion, mostly due to the increased realized copper price and better copper sales volumes. The firm's earnings before interest, tax, depreciation and amortization (EBITDA) jumped more by 59.1% on year to $2.59 billion.
