FACTBOX-Mines and plants hit by low prices, high costs
LONDON, Jan 28 (Reuters) - The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
Some existing producers also have shut down or curtailed output at mines and plants as high costs and low prices bite. Below are details of major projects and facilities affected in recent months, as well as other related news.
Jan 28 - Norsk Hydro (NHY.OL: Quote, Profile, Research) said it would continue adjusting aluminium output to shrinking demand. Company repeated it was considering a further 200,000-tonne cut, mainly at its Neuss smelter in Germany. [ID:nLS39675] [ID:nLR601521]
Jan 27 - Canada's Thompson Creek Metals Co Inc (TCM.TO: Quote, Profile, Research) said it will cut molybenum production in 2009 and halt mining activities for a month. [nBNG356469]
Jan 27 - Indonesia will cut a target cap on tin production this year to below a planned 100,000 tonnes because of falling prices. [ID:nJAK323691]
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