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September 3rd - Acquisitions
Sao Paulo Brazil - Vale fails to win Paranapanema control in auction |
| Vale, the world's largest iron ore miner, failed to win a controlling stake in junior Brazilian copper refiner Paranapanema after raising its bid for a majority stake in the company several times in a share tender on Wednesday. Vale started the auction with an offer of 6.30 reais per common voting shares and raised it to a final price of 6.75 reais, according to the BM&FBovespa exchange that hosted the auction. |
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September 3rd - Reports
Warzaw Poland - KGHM plans to raise 2010 forecast by 30 pct-source |
| KGHM, Europe's No. 2 copper producer, plans to raise its 2010 net profit forecast by around 30 percent mainly due to high metal prices, a source close to the company told Reuters on Thursday. Prompted by resurgent copper valuations, the state-controlled miner has already said it would upgrade its forecast this month after posting a record net profit of 1.5 billion zlotys ($483.7 million) in the second quarter. |
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September 2nd - General
Kirkby U.K. - Six trees for six decades in Liverpool. |
| Kirkby based Yorkshire Copper Tube is looking for sites across Liverpool to plant six trees in celebration of its 60th anniversary. The company, which has been manufacturing from its purpose built, state of the art production plant for six decades, would welcome suggestions from schools, nurseries, local community projects or businesses who want to spruce up their surroundings. Jack Wallace, Yorkshire Copper Tube¡¯s Sales Director, said: ¡°Throughout 2010 we have been celebrating our milestone birthday and we wanted to give something back to the community we have been based in for 60 years. ¡°We are opening this up to the local people and would welcome suggestions from anyone who thinks they have the perfect spot for one of our trees.¡± ¡°We will choose what we deem to be the most deserving sites and the trees will be planted during the autumn of this year.¡± Yorkshire Copper Tube employs more than 200 people at its Kirkby plant. It is a division of KME Yorkshire Ltd, part of the KME Group, Europe¡¯s largest producer of copper and copper alloy products.
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August 31st - General
Shanghai China - Baosteel HFW welded tube output amount to over 1 million tonnes |
| The accumulative total production volume of HFW welded tube of Baosteel Co Ltd Steel Tube Business Unit has amounted to over 1 million tonnes recently. Thus the line has become the 1st single unit heavy caliber HFW line that broke through the production volume of one million tons domestically. Baosteel is the first domestic whole flow iron and steel joint enterprise that enter into the field of HFW welded tube manufacturing. Baosteel HFW welded tube production line start production on October 27th 2005. The design annual yield is 300,000 tonnes. Products include pipeline pipe, casing, carrier pipe and structural pipe which can be widely used in the construction of project construction and oil-gas field both at home and abroad. |
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August 28th - Projects
Maharastra India - Nissan Copper to start trial partial production of Copper tube project |
| Nissan Copper Ltd has announced that the upcoming facility in Khanvel, Silvassa to manufacture copper tubes for Air-conditioning, refrigeration and plumbing applications with the latest Cast and Roll Technology will start trial partial production of first phase within next 15 days. The project is first of its kind in India, and is a 100% Import Substitute Once the project is fully implemented it would increase the production capacity of the company's Copper Pipe by 400% (from current 3000 MTPA to 15000 MTPA), increase the turnover of the company up to the Rs. 5bn approximately and improve EBIDTA margins to 15% approximately |
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August 28th - General
Casper Wyoming - Ruby pipeline to widen markets for gas |
| Assuming construction of the Ruby natural gas pipeline does not get delayed in the current storm of legal proceedings, completion of the line in March should provide enough additional access to the Western market to ensure that Rockies gas flows westward for decades. With the additional capacity of 1.5 billion cubic feet of gas per day, Rockies natural gas producers will ¡ª for a time, at least ¡ª have more pipe than they do production, according to the Wyoming Pipeline Authority. ¡°We¡¯re going to have total pipeline capacity, finally, out of the Rockies that exceeds our requirements,¡± said Brian Jeffries, executive director of the Wyoming Pipeline Authority. |
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