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Glencore to support Nyrstar at Port Pirie

Glencore announces that it has been engaged by Nyrstar to provide, through the Kazzinc operation in Kazakhstan, training and ramp-up support services in connection with Nyrstar's Transformation Project in Port Pirie, South Australia. This follows the successful implementation of Kazzinc's New Metallurgy Project, which was completed in 2012.

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Boliden’s Q1: Good result in Smelters

Boliden’s revenues totalled SEK 8,849 m (10,407) and the operating profit, excluding the revaluation of process inventory, was SEK 769 m (1,102). Higher production levels than in the previous year were, however, unable to compensate in full for lower metal prices.

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Boliden Q3 2015 Interim Report: Strong performance by Smelters

“Boliden has posted a healthy result for the quarter with a particularly strong performance by our smelters. Market terms with sharp falls in metal prices were the big challenge during the quarter, but a robust cash flow, good balance sheet and advantageous metal mix mean that Boliden is well positioned in a turbulent time for the metals sector,” says Boliden’s President & CEO, Lennart Evrell.

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Boliden: New Nickel Strategy

Boliden will launch an independent nickel smelting business, buying nickel concentrates from external suppliers and selling nickel matte to nickel refineries. The annual production is estimated to remain at 25,000 tonnes of nickel in matte.

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Boliden Annual Report 2013

“ 2013 was a tough year, market-wise, with lower prices for metals and a weaker US dollar exchange rate. Boliden’s production however, was good, taking into account the large scale, planned maintenance shutdowns that we carried out.

We have focused heavily on the expansion projects and on process stability and safety work – all areas that will continue to be of major importance for us in 2014.”

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Anglo American Platinum: Return to profitability despite difficult Operating and Market Conditions

Anglo American Platinum Limited yesterday reported a return to profitability with an operating profit of R2.0 billion for the 12 months to December 2013, up from last year’s loss of R6.33 billion. Revenue increased by 22% to R52.4billion, driven by higher sales volumes and the impact of the weakening Rand/USD exchange rate. Headline earnings increased to R1.5 billion from the loss of R1.5 billion incurred in 2012.

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Kazakhmys announces Update on Growth Projects

Kazakhmys PLC announces that it has appointed Non Ferrous China as a second principal contractor at the Group’s major copper growth project at Bozshakol. The additional resources will be targeted on the construction and commissioning of the processing plant.

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