May 12 (Reuters) - The global financial crisis and sharp falls in metals prices have forced se
veral 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.
May 12 - BHP Billiton said it plans to stop mining at the Rocky's Reward open-pit mine at the Leinster Nickel Operation in Australia in response to falling prices for the metal.
May 11 - Aluminium Bahrain (Alba) said it has put plans to boost its production capacity to 1.2 million tonnes per year on hold.
May 11 - The future of an aluminium smelter project at Saudi Arabia's King Abdullah Economic City is 'uncertain' in the current economic climate, an executive of state-owned smelter Dubai Aluminium Co (Dubal) said.
May 11 - Dubal said it expects Q2 aluminium sales to fall 20 percent from a year earlier.
May 10 - Oman's Sohar Aluminium, part-owned by Rio Tinto , said it has put the second phase of its plant on hold.
May 8 - PT International Nickel Indonesia has asked the government for more time to assess plans for a new 20,000-30,000 tonnes per year (tpy) plant after a study showed the project may not be feasible.
May 7 - Breakwater Resources said if base metals prices return to late 2008/early 2009 lows they may cut mill throughput and mine only gold-bearing deposits for the rest of 2009 at Toqui zinc-lead-gold mine in Chile. Also continues to closely monitor economic and market conditions as they relate to any decision to temporarily suspend operations at Myra Falls mine in British Columbia.
May 7 - Vedanta Resources said plans to cut costs in Zambia copper operations further to 125 cents per lb by end of fiscal year.
May 6 - Noranda Aluminum Holding Corporation said annual production rate of smelter-grade alumina at Gramercy refinery in the United States cut to 500,000 tonnes per year (tpy) from 1.0 million. Said continues to evaluate options to cut purchase cost of alumina, including assessing with its joint venture partner the curtailment of Gramercy.
May 5 - Suriname Aluminium Company LLD (Suralco) said it would cut about 40 percent, or 870,000 tonnes per year (tpy) of production at its Paranam alumina refinery. Suralco is part of the Alcoa World Alumina and Chemicals group.
April 30 - Hydro Aluminium, the German unit of Norway's Norsk Hydro said it may stop production at its loss-making aluminium smelter at Neuss in Germany in June.
April 30 - Eramet's said nickel output would continue to be adjusted in relation to the market surplus and low prices. Also said it would continue to limit capital expenditure.
April 30 - Kazakhmys posted a 20 percent fall in Q1 copper cathode output from the previous quarter as part of stated move to cut output this year. Said it suspended output at sections of a fifth mine in addition to four mines previously announced.
April 29 - Alcoa Inc said to cut aluminium production at Portland smelter in Australia by a further 38,000 tonnes to 305,000 tonnes per year.
April 29 - Belgium's Nyrstar said its zinc output dropped by 30 percent in Q1 2009 from Q4 2008. It said it planned to transform cost structure across the company, resulting in over 50 million euros ($65.1 million) in cost savings per year from 2010.
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