查看更多>>摘要：Alcoa Inc. plans to book a third quarter charge of 15 million dollars to 20 million dollars under a plan to permanently close two facilities and idle another that had been operating at reduced capacity. The world's largest aluminium maker said it would close an already idled plant in Oregon and on in Texas. A North Carolina plant that had been operating at 75 percent capacity will be idled.
查看更多>>摘要：Russia's aluminium smelters produced 1.65 million metric tons of primary aluminium in January-June, up 1.5 percent on the year, a government official said. In 2001, Russian aluminium output rose 1.7 percent on the year to 3.299 million tons on the heel of a 3.2 percent rise during 2000. The official said the aluminium sector was maintaining a stable pace of growth, with 2002 output growth unlikely to exceed 2 percent. All smelters increased output during the period with the highest rise of 7.3 percent registered by Bogoslovsk, owned by Russia's second biggest aluminium producer Siberian-Ural Aluminium Co. Russia's aluminium industry remained export-orientated, as domestic consumption remained small. However, some increase in domestic consumption was registered last year, the official said. According to the State Customs Committee, Russia's aluminium exports exceeded 1.2 million tons in January-May, down 5.3 percent on the year.
查看更多>>摘要：Sterlite Industries (India) Ltd has reported a 32 per cent increase in profit after tax at Rs 0.29 billion (Rs 29.87 crore) from Rs 0.22 billion (Rs 22.67 crore) in the year-ago period. Net sales edged down to Rs 7.23 billion (Rs 723.64 crore) from Rs 7.26 billion (Rs 726.53 crore) and other income fell to Rs 0.38 billion (Rs 3.74 crore) from Rs 0.6 billion (Rs 6.25 crore). Exports during the quarter stood at Rs 0.9 billion (Rs 90 crore). Copper sales rose to 39,946 tons, up by 23 per cent from the year-ago period. Interest cost rose to Rs 0.38 billion (Rs 37.73 crore) from Rs 0.13 billion (Rs 13.71 crore). Cash profit was at Rs 0.63 billion (Rs 63.32 crore) from Rs 0.46 billion (Rs 46.44 crore).
查看更多>>摘要：The Union Government has approved a revival plan for turning around Hindustan Copper Ltd. (HCL). The plan includes conversion of the company's non-plan loan of Rs 4.4 billion for VRS into grant-in-aid, translation of outstanding plan loan amounting to Rs 715 million into equity, waiver of outstanding interest on plan loan amounting to Rs 257.2 million, putting aside of the outstanding guarantee fee of Rs 67.5 million and sanctioning of an additional equity to keep the net worth positive. The Government has planned to provide an additional amount of Rs 1.3 billion as a grant to meet the expenses of separating about 3,000 more employees so as to bring down its manpower to the level of 6,000 from 9,161 as on date, according to a company release.
查看更多>>摘要：Grupo Mexico S.A. de C.V. produced and sold 213,417 metric tons of copper in the second quarter of 2002, compared to 289,873 tons in the same quarter in 2001, according to a review of its second- quarter performance. Zinc sales and production totaled 31,666 tons for the quarter, versus 45,896 tons the year before, while lead output and sales were 6,914 tons versus 17,739 tons in 2001.
查看更多>>摘要：PT Nickel Indonesia Tbk production of nickel in matte in the second quarter of 2002 was 15,700 metric tons, the same as in the corresponding 2001 period, the company said in a report of its second-quarter earnings. Production of nickel in matte in the first half of 2002 was 31,400 tons compared with 30,900 tons in the prior-year period. "Second-quarter production was effectively flat year-over-year and slightly less than plan due primarily to lower nickel ore grades. Consequently, we expect to produce 130 million pounds of nickel in matte in 2002, below our original objective," said Edward W. Hodkin, president and chief executive, in a press release. The company's realized price for nickel in matte averaged 5,244 dollar per ton in the second quarter of 2002, compared with 5,139 per dollars ton in the second quarter of 2001.
查看更多>>摘要：A combination of continued fund selling and long liquidation forced lead prices to a 13-month low as the market played catch-up to the rest of the base metals complex in early trade. Three-month metal fell through immediate support at 432 dollars a metric ton to hit 428.50/ton (bid), and dealers said further downside is possible before trade players enter to buy into the dips. Lead had held relatively firm Wednesday afternoon while the rest of the meals fell on weaker than expected U.S. gross domestic product data for the second quarter.
查看更多>>摘要：Tin prices' slide below 4,000 US dollars a metric ton for the second time in the year should prompt tin producers to join efforts in curtailing output to prop up prices, an industrial source affiliated with a major tin producer in Asia said. "I don't think prices will bounce back to 4,500 US dollars/ton. There's more room for producers to cut output, or else tin prices could drop below 3,900 US dollars/ton," the source said. Current tin prices are below the production costs of most tin producers, he said.
查看更多>>摘要：Indonesia's Ministry of Industry and Trade doesn't plan to scrap an export ban on tin ore, which industrial participants fear may happen, a senior official from the ministry said. "Two days ago we met with tin players on the Bangka Island to evaluate the situation after the tin ban. That meeting might have been misinterpreted," said Ferry Yahya, director of Exports for Agriculture and Mining Products. "So far there is no intention to lift the ban," Ferry added. On June 1, Indonesia imposed a ban on the export of tin ore in an effort to reduce oversupply from Indonesia which has pressured world tin prices.
查看更多>>摘要：Mexico's mining production fell 12.6 percent in May from the like 2001 month, the National Statistics Institute, or INEGI, said. In a press release, INEGI said gold output fell 11.4 percent to 2,146 kilograms, while silver production dropped 18.1 percent to 228,763 kilograms, compared with May 2001.
NSTL