Brazil's Usiminas says appoints Sergio Leite new CEO
BRASILIA, March 23 Brazilian steelmaker Usiminas said on Thursday its board has appointed Sergio Leite as the company's new Chief Executive Officer.
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JAKARTA Dec 28 The Indonesian Association of Mineral Entrepreneurs (Apemindo) has asked the government to allow exports of low-grade nickel ore, executive director Ladjiman Damanik told reporters on Wednesday.
Indonesia has tried to limit exports of metal ores to encourage local mining companies to build their own smelters to process the ore locally. But the government has also made some concessions on this policy after protests from the mining industry.
Damanik said the association was asking for an export quota of 20 million tonnes per year of low-grade nickel ore for 3 to 5 years.
Miners are willing to accept export quotas based on progress of smelters they are constructing, Damanik said.
"If Freeport can export their concentrate, why can't we," he said, referring to the U.S. mining company which operates in Indonesia.
Mining and energy minister Ignasius Jonan told Reuters last week that Indonesia was considering allowing some exports of ores such as bauxite and nickel under certain conditions.
The government aims to have an amendment to an existing mining regulation early in January to ease the impact the restrictions on ore exports. A full ban on unprocessed mineral ores is supposed to come in on Jan. 12.
(Reporting by Wilda Asmarini; Writing by Fransiska Nangoy; Editing by Christian Schmollinger and Jane Merriman)
MELBOURNE, March 24 Fortescue Metals Group Ltd , the world's No.4 iron ore miner, will pay down $1 billion in a term loan on March 30, it said on Friday, as it looks to continue its cost-cutting drive.
TORONTO, March 23 Noranda Income Fund said on Thursday zinc output at its Quebec plant, the second-largest in North America, was at 50-60 percent of normal operating levels as a five-and-a-half week long strike dragged on.