date:Feb 24, 2014
totalling 325,000 tonnes, having already closed facilities on the same scale last year. Elsewhere, French miner Eramet delayed a project to develop huge nickel resources at Weda Bay in Indonesia, triggering a big asset writedown.
It also reported a net 2013 loss of 370 million euros ($507 million) and slumping sales of nickel, a key raw material in the manufacturing of stainless steel. By Friday on the London Metal Exchange, copper for delivery in three months eased to $7,148 a tonne from $7,