EMED Mining says Rio Tinto mine in Spain moves towards copper production restart | Mining and Exploration | Daily Updated World Mining Exploration News
LONDON (Thomson Financial) - EMED Mining (News) Public Ltd., a European-based minerals exploration and development company, said Spain’s largest mine, the Rio Tinto (News) (News/Aktienkurs) Mine, is advancing towards copper production restart.
The AIM-listed company said in its mining quarterly report, for the three months to June that recruitment of a large workforce and mobilisation of a mining contractor is expected to proceed in the first half of 2009 and production six months later.
more fromworldminingexplorationnews.com
China's largest copper deposit to start production in September
China's largest copper deposit Yulong copper mine in the Tibet Autonomous
Region is to start copper cathode production end-September with its output
expected to reach 1,800-2,000 mt in 2008, the official Xinhua news agency
reported on Friday.
The first phase of the Yulong project is expected to be fully completed
in 2010, which will reach a copper cathode output capacity of 30,000 mt/year.
The mine in the long run aims to reach a copper output of 100,000 mt/year.
Preliminary copper reserves estimated at Yulong copper mine is at above
6.5 million mt and its copper reserves in the long run could reach 10 million
mt in the long run. The mine is the country's largest resources deposit and
the second largest in Asia, the report said.
more fromwww.platts.com
Battling BHP and Rio to post record profits
Mining giants BHP Billiton and Rio Tinto should post record half-year profits as they reap the benefits of an industrial commodities boom, and are likely to use the results to bolster their arguments in a $123 billion (66 billion pound) takeover stand-off.
Both are also likely to outline big expansions in key profit sectors such as copper and iron ore, where analysts predict higher prices next year on the back of strong demand for imported raw materials from China's industrial sector.
Consenus figures based on forecasts by 20 analysts and provided by BHP point to a 12 percent rise in annual net profit to $15.4 billion, suggesting second-half profit will have risen 30 percent to $9.4 billion from $7.2 billion previously.
Analysts polled by Reuters Estimates forecast Rio's January-June underlying profit will have risen 40 percent to $5.2 billion. BHP's financial year ends June 30, while Rio follows the calendar year.
more fromwww.iht.com
Smelting technology developer grows global footprint
South African smelting technology developer Tenova Pyromet is increasing its presence around the globe through a growing number of large projects and the continual development and improvement of its technologies.
Formerly known as Pyromet, Tenova Pyromet is now part of the multinational Tenova group of industrial companies, with which Tenova Pyromet has the advantage of being closely networked.
When Italian holding company Tenova bought Pyromet in September 2006, the company changed its name and acquired the benefit of having Tenova stand surety for the company’s credit line. This allowed for growth within Tenova Pyromet at a rate previously unexperienced by the company, owing to the unfreezing of large sums of financial resources.
more fromwww.engineeringnews.co.za
Verizon, 2 unions agree on new 3-year contact - International Herald Tribune
Verizon Communications Inc. and two unions representing 65,000 workers who had threatened to strike within hours agreed Sunday on a new three-year contract that provides 10.5 percent wage increases and changes in retirement benefits.
The pact, which must be ratified by union members, was hailed as a "breakthrough agreement in many ways" by Communications Workers of America President Larry Cohen.
The deal "provides a framework for growth at Verizon and a good standard of living with careers for our members," Cohen said.
It also extends union recognition to 600 former MCI technicians who had sought it since joining Verizon two years ago, the union said. Verizon said another 900 temporary employees would be regularized.
Verizon's Executive Vice President Marc C. Reed said the contract will allow the company to remain "focused on delivering to our customers the best in broadband, communications and entertainment."
-------
The union workers are in the traditional telephone part of the company, which is engaged in the labor-intensive process of replacing most of its copper phone lines with optical fiber. Verizon Wireless, the company's big growth driver, has few union employees.
A key element of the agreement was a provision for the company to contribute a fixed dollar amount per year of service toward future retiree health care costs. In addition, Verizon said it and the unions would work together on a health care reform initiative.
more fromwww.iht.com
UPDATE 6-Copper hits six-month low as confidence crumbles | ETFs | News | Reuters
LONDON, Aug 11 (Reuters) - Copper prices slid to six-month
lows on Monday as a strengthening dollar triggered a sell-off ina market already worrying about weak demand from top consumers China and the United States.
Copper for delivery in three months MCU3 hit $7,315 a
tonne on the London Metal Exchange, the lowest since early
February, before closing at $7,330 down from Friday's $7,410. "The correction that we are seeing is really a reflection ofthe slowdown of the global economy," said Ashok Shah, chief investment officer at London & Capital.
He said weakness in industrial production would continue to weigh on metals as demand was seen slowing and as more investors unwound long positions.
"I would expect some more speculative money to be exiting."
more fromwww.reuters.com
Next Generation Electroplating Technology for Microvia Filling
Driven by the need for increased speed, portability and wiring density, the interconnect pitch on semiconductor packages, and the corresponding high density interconnect (HDI) substrates, continue to shrink. The combination of filled blind microvias and build-up technology provides a means to achieve the required wiring densities. With the rapid growth of this technology, the use of electrodeposited copper for filling blind microvias has become a widely adopted process for manufacture of both HDI printed circuit boards (PCBs) and also semiconductor package substrates.
more fromwww.pcb007.com
Copper Mountain to revive British Columbia mine
TORONTO, July 28 (Reuters) - Copper Mountain Mining Corp (CUM.V: Quote, Profile, Research, Stock Buzz) plans to spend C$402 million ($394 million) to revive a copper mine in British Columbia that it expects will produce nearly 100 million pounds of the metal per year, the company said on Monday.
The company said production at its Copper Mountain open pit mine should begin at the end of 2010 with a 35,000 tonne-per-day mill. The project would have an an initial mine life of 15 years, according to a feasibility study.
The news drove the junior miner's shares up by nearly 6 percent.
The construction decision has not formally been approved by the company's board of directors, but the company has already ordered equipment, said Don Graham, director of Copper Mountain's investor relations.
more fromwww.reuters.com
Pioneering Dye Sensitive PV Cells & Ethics-Driven Business Models
\nCadiz, Spain - While significant challenges remain and large-scale applications appear relatively far out on the horizon, smaller scale applications, such as organic light emitting diodes (OLEDs), are already being built into a variety of electronic products. Industry pioneers, such as G24i, have begun manufacturing their first generation of products, which in G24i's case includes a DSC-powered mobile phone charger and an award-winning "Lighting Africa" portable lamp that marries cutting-edge LED and dye-sensitized thin-film PV technologies. \n\nLooking to bring off-grid electrical power options to people in Kenya, Nigeria, Rwanda, South Africa and a still growing range of African countries, G24i in May was awarded the World Bank Group's 2008 "Lighting Africa Development Marketplace" prize for its solar-powered LED light, which uses the company's proprietary dye-sensitized thin-film solar cells in concert with light emitting diodes (LED) produced by Dutch lighting manufacturer Lemnis. \n\nG24i dye-sensitized thin-film solar cells are proving themselves rugged enough to endure some of the harshest conditions on the planet. Besides enduring the rigors of operating in various African locations, the company's DSC cells were used to generate electrical power for British explorer Robert Swan and his team during their two-week ‘E-Base Goes Live' project in which they traveled to Antarctica. Despite poor sunlight, the cells contributed to the successful powering of satellite, digital and video conferencing and other communications equipment throughout the two-week long expedition.\n\nThe first person to walk to the North and South Poles, Swan is moving on to an educational sailing around the world project and G24i is working on sails for his craft that will have thin-film dye-sensitized PV cells embedded in them. \n
more fromwww.renewableenergyworld.com
Grupo Mexico 2nd Quarter Net Profit Drops 14%
Mexican copper miner Grupo Mexico posted second-quarter net profit of $452m Monday, down 14% versus the same period a year ago, with copper output down from a long-running strike.
The company reported sales of $1.758bn, down from $2.089bn last year, as well as a 22% drop in EBITDA to $960m.
A strike at the company's largest copper pit, the giant Cananea mine, has dragged on for a full year, cutting into production of the red metal, the company's primary product.
more fromwww.mining-technology.com
ITT boosts profit, raises full-year outlook - MarketWatch
NEW YORK - ITT Corp. handed in a 3% higher second-quarter profit Friday, with a weak dollar and strong overseas demand for its pump, valves and electronics systems shielding the company's bottom line from the economic downturn at home.
The company, part of the S&P 500 Index, also offered a rosier scenario for the rest of the year than Wall Street had expected, propelling the stock 6.4% higher to $66.68 at the close.
The company attributed its elevated numbers partly to expansion in the conglomerate's line of pumps serving the world's chemicals, mining, and oil-and-gas markets.
In the domestic market, ITT's defense electronics business continued to benefit from its contract with the Federal Aviation Administration contract to build the next-generation air-traffic control system.
During the quarter, ITT won a major contract to provide filtered seawater to Esperanza, a large new copper-gold mining project in Chile's Atacama Desert.
more fromwww.marketwatch.com
Newmont Mining profit surges on record-high gold prices
Newmont Mining Corp. posted a sharply higher second-quarter profit Thursday, with record-high gold prices and production gains pumping revenue past most analysts' expectations.
Newmont (NEM:Newmont Mining Corporation
News, chart, profile, more
Last: 49.02+0.25+0.51%
2:30pm 07/25/2008
Delayed quote dataAdd to portfolio
Analyst
Create alertInsider
Discuss
Financials
Sponsored by:
NEM 49.02, +0.25, +0.5%) shares rose $1.82, or 3.9%, to close at $48.77. The stock is up 12% over the past 12 months.
Newmont reported net income for the three months ended June 30 swung to $277 million, or 61 cents a share, from a year-ago loss of $2.06 billion, or $4.57 a share. The year-ago numbers were heavily skewed by a $1.67 billion write-down tied to the company's exit from merchant banking and a $460 million charge for settling price-capped forwards contracts.
Adjusted earnings from ongoing operations more than doubled to $230 million, or 51 cents a share, from $103 million, or 23 cents, a year earlier.
Gold sales during the quarter totaled 1.27 million equity ounces, fetching on average $900 an ounce, as the precious metal rode a huge spike in commodity prices. Gold prices were averaging about $600 an ounce a year ago.
Costs per ounce rose, however, to $440 an ounce from $417 a year ago.
Copper sales accounted for $183 million during the quarter, down from $340 million a year earlier.
Newmont stood by its earlier 2008 production forecast of 5.1 million to 5.4 million ounces of gold, with production cost expected to range from $425 to $450 per ounce.
more fromwww.marketwatch.com
Japanese Companies Developing Carbon Fiber Cars
Two Japanese companies are working together to develop carbon fiber materials for use in cars, according to a Reuters report.
Toray Industries (3402.T) and Mitsubishi Rayon (3404.T) hope to mass produce the lightweight material by 2010 in an effot to make vehicles 40% lighter and up to 30% more fuel efficient. They also intend to develop technology to recycle carbon fiberin order to bring costs down.
For years, proponents of carbon fiber materials have supported its widespread use in vehicles, but the cost of the highly engineered materials was prohibitive. Now with gasoline and steel prices on the rise, carbon fiber is becoming more economically feasible.
The Nikkei business daily reported that Nissan Motor Co. and Honda Motor Co. were participating in the partnership, along with Toyobo Takagi Seiko Corp and researchers from the University of Tokyo. However, both Nissan and Honda denied that they were participating in the project.
A spokeswomam for Japan's New Energy and Industrial Technology Development Organization said teh government is also researching the further use of aluminum and other light-weight metals to replace steel.
more fromwww.sustainablebusiness.com
Telecommunications and Bonded Copper: A Pair Bonding Solution for Carrier Ethernet, Wireless Backhaul, and DSL Backhaul
The market for Ethernet over Copper is about to take off after a period of trial deployments. Consumers and businesses seemingly insatiable demand for increased bandwidth is driving a new round of plant investment, and while the business case for fiber will be positive in certain instances, upgrading existing copper certainly offers a near-term solution to the market’s demand for more bandwidth. Many service providers have already deployed copper bonding equipment, and others are focused on evaluating its advantages.\n\nThis report takes a look at several applications for carrier Ethernet over Copper technology including cellular backhaul, Ethernet services, DSLAM backhaul, and IPTV distribution. This report looks at the key technologies utilized by vendors in this space and analyzes the pros and cons of each. Ethernet Over Copper forecasts equipment and service revenue, and charts the course of this emerging technology.\n\nAnalysis suggests that three applications will drive the high speed data over copper market:\n\n· Ethernet data services;\n\n· Cellular backhaul; and\n\n· DSLAM (Digital Subscriber Line Access Multiplexer) backhaul.\n\nEthernet data services is the largest of market opportunity for bonded copper products, but it is the one that our research suggests will taken the longest to mature since major service providers who offer Ethernet data services must adopt a new technology—always a slow and cautious process.\n\n
more frombharatbook.wordpress.com
Copper slumps to 5-week low on weak Chinese demand
Copper prices tumbled to a five-week low Thursday on expectations that falling demand from China and a slowdown in the U.S. housing market will lead to a surplus of the metal.
Other commodities traded mixed, with crude oil rebounding slightly and gold, silver and soybeans falling. Corn and wheat futures rose.
China, the world's biggest buyer of copper, has been importing less of the metal since the completion of most major construction projects heading into the Beijing summer Olympics. Copper imports in June fell 20 percent compared to May, China's custom's agency said this month. As a result, stockpiles of the metal have swelled in Shanghai and London, helping drive down prices.
more fromnews.moneycentral.msn.com
Solar and Semiconductors Come Together In San Francisco
The solar industry and semiconductor industry are intimately connected. Both industries rely on silicon and both use much of the same processing technology and supply chain to produce their products. Nowhere has this connection been on better display than last week at the Moscone Center in San Francisco California, where the Intersolar North America made its debut in conjunction with SEMICON West 2008.
The show provided an opportunity for those in the two industries to connect and allowed those companies that work in both spaces to showcase their collective efforts. According to Chris O'Brien, Head of Market Development and Government Relations for North America for Oerlikon Solar, holding the two conferences together gave companies greater exposure and showed the promise of the U.S. solar market.
In recent months a number of traditional semiconductor companies including Intel and National Semiconductor have made announcements that they are making plans to enter the solar industry in one way or another. Intel spun off it's solar research area into a new solar company called SpectraWatt. National Semiconductor announced that it will be introducing it's first solar product, SolarMagic, that could raise the efficiency of residential and industrial solar systems.
Kevin Kayser, Senior Marketing Manager at National said that he product will be targeted at installers and integrators and much planning went into the company's decision to enter the solar space.
“Photovoltaics currently has less than 1% of the energy market, but we think it has potentially one of the fastest growth rates of any alternative energy source. Now certainly we're looking at wind, we're looking geothermal, we're looking at other sources, but from an electronics point of view we saw that we had the most immediate potential impact in solar photovoltaics,” Kayser said.
more fromwww.renewableenergyworld.com
Henkel Signs Distribution Agreement with South African Firm | EMAsiaMag.com
As the company continues to expand in both established and emerging electronics manufacturing regions, the electronics group of Henkel announced a new partnership to extend its presence in South Africa, signing on PEM Technologies to represent its line of Loctite brand electronics adhesives in the growing South African region.
Though it is not often considered a major electronics manufacturing locale, South Africa is, in fact, one of the fastest growing regions for certain sectors within the electronics production market. Automotive, military/aerospace and contract manufacturing are all seeing significant growth rates and Henkel anticipates that this will only continue for the foreseeable future.
“Recently, we have seen major manufacturers in automotive and in military/aerospace either transfer production from Europe to South Africa or set up additional, dedicated South African production sites,” comments Richard Boyle, Regional Technical Service Manager for Henkel. “And, growth in the contract manufacturing sector--particularly for telecom, IT and entertainment products--is even more rapid and represents the largest area of expansion for Henkel,” Boyle continues. “Establishing a partnership with a strong regional distributor like PEM Technologies is critical to our strategy for growth in this promising region.”
PEM Technologies has been selling to the electronics production sector for over ten years and has a dominant presence in the South African manufacturing community. Steve Eglinton, Managing Director of PEM, is confident the company’s relationship with Henkel will only serve to further enable customers’ competitiveness. “Without question, Loctite is the leading brand of adhesives for electronics manufacturing and we are very enthusiastic about
representing Henkel materials throughout South Africa,” says Eglinton. “Henkel’s philosophy of supporting the customer through top-notch applications expertise, technical service and materials-based productivity enhancing tools is completely in line with PE
more fromwww.emasiamag.com
Optomec and Applied Nanotech Announce Strategic Cooperation on Printable Electronics | EMAsiaMag.com
Applied Nanotech Holdings Inc announced that its subsidiary, Applied Nanotech Inc (ANI), established a strategic development program with Optomec, Inc, a provider of printed electronics for solar, display, electronic packaging and flexible electronics applications.
As a part of the commitment, ANI will install a dedicated Optomec M3D aerosol jet printer at its facilities in order to adapt its copper ink to Optomec’s patented ultra high resolution printing technology. By utilizing ANI’s copper ink, the Optomec printer will offer the solar, display, flexible circuit and PCB manufacturers contact-free deposition of high quality, low cost metal lines, the companies said.
According to the companies, the Optomec printing solution is able to produce much finer lines than is currently possible with traditional screen printing and inkjet printing equipment. The combined ANI/Optomec copper ink printing solution will provide an alternative to silver inks facilitating lower cost, coupled with the promise of higher reliability. Furthermore, ANI’s copper inks do not require expensive vacuum installation or inert gas environment lowering the cost of the capital for manufacturing equipment.
more fromwww.emasiamag.com
Southern Copper strike temporarily delayed
A strike planned to start on Monday at Southern Copper's Peruvian mine Cuajone has been temporarily suspended pending mediation, officials from the company and union said.
Southern, one of the world's largest copper producers, has been hit by strikes this year in Peru as workers demand a larger slice of the country's economic boom. Union leaders had planned to go on strike again because the company had threatened to fire about a dozen workers for participating in recent walkouts.
But Roman More, head of the union at Cuajone, said the strike slated for Monday was called off as the company agreed to sit down with workers and the government for talks on Tuesday. Unions from the company's Ilo smelter and Toquepala mine were also expected to participate.
"We are going to meet on Tuesday to see if we can reach an agreement about the firings. The meetings were requested by the government," More said. Alberto Giles, the company's human resources director, said the strike plans were scrapped.
"In the case of Cuajone ... they suspended the strike plan," he said. "With regards to Ilo, the strike was supposed to start on Wednesday, but I don't think there will be a strike. I think the strike will also be canceled at Ilo." Cuajone, which produced some 148,939 tonnes of copper last year, is Southern's biggest mine in Peru, the world's No. 2 copper producer.
more fromwww.mineweb.com
Yukon`s Carmacks copper project gets YESAB approval
The Yukon Environmental and Socio-Economic Assessment Board (YESAB) has recommended that the controversial Carmacks copper mine project can go ahead, providing that the Western Copper Corporation (TSX: WRN) complies with 148 conditions to mitigate potential adverse impacts.
The tiny community of Carmacks with a year-round population of 500 is still considered an important service center for mining and for transportation, a century after it was a popular rest stop for the Yukon gold rush.
However, members of the Little Salmon Carmacks First Nation want Western Copper to negotiate a better environmental engineering solution as part of an Impacts Benefits Agreement with the community.
Located 38km northwest of the Village of Carmacks and 192 km north of Whitehorse in the Yukon Territory, the Carmacks copper project is planned to be an open-pit operation that will yield about 14,000 tonnes of copper cathode annually. Western Copper has targeted production to begin during the fourth quarter of 2010.
Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs.
Among the comments and concerns raised with the YESAB were routing of mining-related traffic, the heap leach detoxification process, sludge management, heap leach liner performance, and the estimates of closure costs.
The YESAB Executive Committee said it was satisfied that:
Western Copper adequately consulted with the First Nations in whose territory, and the residents of any community in which the project will be located or might have significant or socio-economic effects;
The project proponent provided sufficient information in the project proposal to allow for the assessment of potentially significant effects;
Significant adverse environmental or socio-economic project and cumulative effects identified within the scope of the screening were adequately assessed;
Practical me
more fromwww.mineweb.com
Notation: * = Private bookmark and comment|… = Clipping [?] | … = Public highlight [?]




