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FACTBOX-Mines and plants hurt by low prices, high costs

Tue Dec 23, 2008 7:32am IST
 
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Dec 10 - Norsk Hydro (NHY.OL: Quote, Profile, Research) to permanently shut 120,000 tonnes of aluminium capacity at its Karmoy smelter in Q1 2009. [ID:nLA653715]

Dec 10 - Acadian Mining (ADA.TO: Quote, Profile, Research) says it scaling back operations at its Scotia zinc-lead mine in Canada.

Dec 10- Highland Gold Mining (HGM.L: Quote, Profile, Research) delays commissioning of its Novoshirokinskoye gold-silver-lead-zinc project and also defers majority of construction work at its Mayskoye gold project. [ID:nLA493483]

Dec 10 - Madras Aluminium says to temporarily suspend its entire aluminium production with immediate effect. Previously had made a 60 percent cutback.

Dec 10 - Rio Tinto's global spending cuts and layoffs likely mean delays for aluminium smelter projects in Canada. [ID:nN10347371]

Dec 10 - Rio Tinto Alcan has cut production at its aluminium smelters in France. [ID:nLA738279]

Dec 10 - Genco to delay completion of feasibility study for expansion at La Guitarra silver-gold mine in Mexico. [ID:nWNAB1526]

Dec 9 - Xstrata Plc (XTA.L: Quote, Profile, Research) said it will continue the shutdown of its Falcondo ferronickel operations in the Dominican Republic. [ID:nL9699328]

Dec 9 - China's top tin producer, Yunnan Tin, 000960.SZ has stopped production at its smelting facility. [ID:nPEK28752]  Continued...

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

People light candles at a vigil to commemorate the victims of last year's militant attacks in Mumbai, in front of the India Gate in New Delhi November 26, 2009. Mumbai held tearful memorials and police staged a show of strength on Thursday as India's financial hub marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan. REUTERS/Rupak De Chowdhuri
One Year Later

Mumbai held tearful memorials and police staged a show of strength as it marked the first anniversary of militant raids that killed 166 people and pushed up tensions with Pakistan.  Slideshow | Full Coverage