Boliden: Mine Production Attains Record Level

Boliden’s first quarter report was characterized by strong levels of mined production and stable production at the copper smelters. “The metal prices trend was favorable throughout the quarter, as is reflected in the fact that both [mining and smelting] posted strong operating profits,” said says Lennart Evrell, president, and CEO of Boliden. “This was particularly true for mines, which achieved a new record level for a single quarter. Production levels continued to be good, and Kevitsa, which was acquired last year, is developing well. Furthermore, production at the copper smelters was stable.”

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Saskatchewan Tops Fraser Mining Survey

The Fraser Institute’s annual survey of mining companies, ranked Saskatchewan as the top jurisdiction for mining investment in 2016 based on the survey’s Investment Attractiveness Index. The Canadian province moved up to first place from second in the 2015 ranking. Manitoba moved up to second place from 19th in 2015. Western Australia dropped to third, after Saskatchewan displaced it at the top of the ranking. Rounding out the top 10 are Nevada, Finland, Quebec, Arizona, Sweden, the Republic of Ireland and Queensland.

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Russia Suggests OPEC-type Association for Aluminum

Russia’s Minister of Trade and Industry Denis Manturov suggested in late February that formation of an Organization of the Petroleum Exporting Countries (OPEC)-type international association might be useful for the aluminum industry. The suggestion is included in a report by the Russian news agency TASS.

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Cliffs’ Goncalves Expects 2017 to be a ‘Phenomenal Year’

Cliffs Natural Resources reported U.S. iron ore (USIO) pellet sales for the first quarter of 2017 of 3.1 million long tons, a 63% increase compared to the first quarter of 2016. “During the first quarter, we put our finishing touches on what has been a remarkable operational, commercial and financial transformation of this company,” Lourenco Goncalves, chairman, president and CEO, said. “We expect 2017 to be a phenomenal year of EBITDA and free cash flow generation.”

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