|
Privacy Policy
Site Map
AME Direct
Brochures
Prices
Newsletter
Careers
About Us
Contact Us
|
|
|
|
| | | Key Events and Announcements... | 12-Mar-2010 Taiwan's China Steel Corp (CSC) has stopped one of the three cold rolling mills at its Kaohsiung works for annual maintenance. The stopped tandem mill... Taiwan's China Steel Corp (CSC) has stopped one of the three cold rolling mills at its Kaohsiung works for annual maintenance. The stopped tandem mill have a capacity of producing 1.2Mtpa of cold rolls. The other two CRMs with capacity of 0.2-0.35Mtpa and 1.5Mtpa will continue in operation.
AME believes that the maintenance disruption is likely to reduce the available inventories and in the short term the supply might be tight locally. However, given the size and capacity of CSC in the SE Asian region and in the rest of the world, the maintenance is not expected to have a dramatic impact regionally and globally.
| 12-Mar-2010; Teck Resources Limited Teck Resources Limited (Teck) is planning to restart the Quintette open-cut mine in British Columbia, Canada. Quintette produced up to 4.0-4.5Mtpa of ... Teck Resources Limited (Teck) is planning to restart the Quintette open-cut mine in British Columbia, Canada. Quintette produced up to 4.0-4.5Mtpa of coking coal from1982 to 2000, with Teck taking control of the mine in 1992. Teck announced its intention to sell the mine in March 1999, but no buyers could be found. Due to the 5% drop in coal prices in 2000, coupled with Quintette's relatively high operating costs, the mine closed in August 2000.
However, due to the buoyant global demand for coking coal anticipated in the medium term, Teck is planning to add to its coal production expansions with 2Mt of coking coal production targeted in 2013 at Quintette.
Teck informed AME that washplant, rail and port facilities are already available, but the Quintette restart would require a new permit and opening a new mining resource. Teck intends to update a feasibility study during 2010.
At this stage, Teck has not provided any guidance regarding capex or operating costs. Nevertheless, consistent with Teck's guidance, AME forecasts production of 1.3Mt in 2013.
| 12-Mar-2010; Australian Mines Limited; Stemcor Holdings Ltd; (Blair (SATELLITE)) In late 2008, Australian Mines suspended operations at the Blair Mine due to low nickel prices, and also as all developed reserves had at that point b... In late 2008, Australian Mines suspended operations at the Blair Mine due to low nickel prices, and also as all developed reserves had at that point been economically mined. At that time, all underground mining equipment at the Blair mine site was also sold, leaving little chance that nickel mining will recommence, despite a small amount of resources that could potentially be extracted in the future.
Previously, AME had assumed that once the market recovered and the nickel price was sustained at higher levels, then the remaining resources could be mined at Blair. However, now that the company has moved their focus on gold mining and exploration, we have removed this mine from our forecast horizon. | 12-Mar-2010; LKAB LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget ... LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget open-pit mine, where LKAB is planning production in the first half of 2010, which is located sixty kilometres southeast of Kiruna, near Svappavaara. Production is contingent upon a ruling by the Environmental Court in March, soon after which LKAB hopes to begin production.
Secondly, the Leveäniemi is another open-pit mine which closed in the mid-1980s due to a downturn in the economy. LKAB will submit an application this year to drain the mining pit and prepare the mine for production, targeted for within three to five years.
Thirdly, LKAB will submit an application for test drilling at the Mertainen iron ore deposit during 2010. Mertainen is the least advanced of LKAB's three potential new mines, with production not expected within the next five years.
All three mines are within LKAB's existing mine area, which will facilitate the start-up of mining operations as infrastructure, processing plants and transportation systems are already in place. In aggregate, the three new mines contain about 300Mt of iron ore reserves, with iron content ranging between 40 and 55 percent.
| 12-Mar-2010; LKAB LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget ... LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget open-pit mine, where LKAB is planning production in the first half of 2010, which is located sixty kilometres southeast of Kiruna, near Svappavaara. Production is contingent upon a ruling by the Environmental Court in March, soon after which LKAB hopes to begin production.
Secondly, the Leveäniemi is another open-pit mine which closed in the mid-1980s due to a downturn in the economy. LKAB will submit an application this year to drain the mining pit and prepare the mine for production, targeted for within three to five years.
Thirdly, LKAB will submit an application for test drilling at the Mertainen iron ore deposit during 2010. Mertainen is the least advanced of LKAB's three potential new mines, with production not expected within the next five years.
All three mines are within LKAB's existing mine area, which will facilitate the start-up of mining operations as infrastructure, processing plants and transportation systems are already in place. In aggregate, the three new mines contain about 300Mt of iron ore reserves, with iron content ranging between 40 and 55 percent.
| 12-Mar-2010; LKAB LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget ... LKAB is planning to begin development of three new iron ore projects in the short term.
The most immediate development is at the 2Mtpma Gruvberget open-pit mine, where LKAB is planning production in the first half of 2010, which is located sixty kilometres southeast of Kiruna, near Svappavaara. Production is contingent upon a ruling by the Environmental Court in March, soon after which LKAB hopes to begin production.
Secondly, the Leveäniemi is another open-pit mine which closed in the mid-1980s due to a downturn in the economy. LKAB will submit an application this year to drain the mining pit and prepare the mine for production, targeted for within three to five years.
Thirdly, LKAB will submit an application for test drilling at the Mertainen iron ore deposit during 2010. Mertainen is the least advanced of LKAB's three potential new mines, with production not expected within the next five years.
All three mines are within LKAB's existing mine area, which will facilitate the start-up of mining operations as infrastructure, processing plants and transportation systems are already in place. In aggregate, the three new mines contain about 300Mt of iron ore reserves, with iron content ranging between 40 and 55 percent.
|
|
