Reuters declared that the world’s biggest copper mine in Chile is shutting a key milling operation for 45 days for repairs after equipment problems contributed to a 38% decline in mine production of 2008 for 57.5% owner BHP Billiton. For full story, click here
BHP Billiton, the world’s biggest mining company, may win a reduction in copper processing fees from Japanese smelters in mid-year supply contracts. For full story, click here
BHP Billiton Limited has forced majeure in place at its Escondida copper mine in Chile, the world’s leading producer of the metal may end in the September quarter, almost a year after saying it may miss deliveries. For full story, click here
BHP Billiton Ltd. reported that copper prices have surged because of a shortage of scrap that led China to increase purchases from mines. Diego Hernandez, president of BHP’s base-metals unit, stated: We don’t know if it’s temporary or how long the effect will last. For full story, click here
Tougher times for mining companies forced BHP Billiton to cut-down jobs of 85 workers at its Olympic Dam mine yesterday. The director of SA Chamber of Mines and Energy for industry marketing, Anne Walker, said: The fall in commodity prices — and copper prices in particular — has affected mining companies worldwide and unfortunately, BHP [...]
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