August 2009

(AMM) GE, Dubal ink 7-year service deal

General Electric Co.'s energy division has signed a multiyear deal in excess of $45 million with Dubai Aluminium Co. Ltd. (Dubal) to service 19 gas turbines at GE's smelting complex near Dubai, United Arab Emirates.

Mongolian govt deal paves way for Oyu Tolgoi development

The Mongolian government will take a 34% stake in Rio Tinto and Ivanhoe Mines Ltd’s Oyu Tolgoi copper and gold project, paving the way for the development of the mine


Analyst Ed Meir looks at what’s moving the metal markets on Tuesday

Poisoning pushes lead above $2,000 in LME officials

Lead prices have risen above $2,000 per tonne for the first time since last September after lead production at major Chinese producers was suspended following reports of lead poisoning among children in Shanxii and Henan provinces

Muir, Lumsden and Chinook set up jv to take over FE Mottram Congleton UPDATE

Tandom Metallurgical Group, a joint venture between Andy Lumsden, Tom Muir and Chinook Sciences, has taken over FE Mottram’s secondary aluminium operations in Congleton in the UK for an undisclosed sum

Tester presses GM to reverse course on Stillwater

Sen. Jon Tester (D., Mont.) has pledged to step up his efforts to get General Motors Co. to reverse its decision to cancel its palladium contract with Stillwater Mining Co., with the automaker instead purchasing the precious metal from overseas suppliers in Russia and South Africa.

Selenium stays strong in tight market

Selenium prices were stable on Friday as market participants forecast continued strength in September


Analyst Ed Meir looks at what’s moving the metal markets on Monday

Transamine buys Citadel stake, agrees 20% offtake for Saudi Cu mine

Transamine will take a 5% stake in Citadel Resources in return for a five-year offtake for just over 20% of the Australian copper and gold explorer’s copper concentrate production from its mine in Saudi Arabia

LME copper falls back in official session

Copper retreated on a strengthening dollar in Monday’s official session on the London Metal Exchange after breaching $6,400 per tonne in early trading