Barrick Gold Corp. will purchase of copper producer Equinox Minerals for $7.7 billion, 17 percent more than Equinox’s average share price over the last 20 days of trading. Copper is the only non-gold metal where Barrick desires significant expansion, a clear indication that that the copper market is poised for some impressive gains.
The top mining port in Chile, Antofagasta, has workers striking for a second day in a row. Demands for higher pay and better working conditions are the reasons behind the strike. Workers started their strike at Antofagasta, which serves Chile’s northern mining region, just before midnight on Tuesday, leaving at least one copper shipment delayed [...]
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