BHP Billiton Limited workers at copper mines in Chile and Peru are pressing for a share of record profits earned in 2008 as talks commenced on new labor contracts. For full story, click here
Continue reading "BHB Billiton Miners Pushed for Sharing of Copper Profits in Chile"
Tuesday, August 11, 2009
Xstrata Plc., the fourth-leading copper producer, received approaches to sell 70 percent of its El Morro project in Chile that may lead to another partner joining or the company selling its interest in the mine. For full story, click here
Continue reading "Xstrata Approached Over Sale of 70% Stake in Chile Copper Mine"
Saturday, August 8, 2009
Amerigo Resources Ltd., a Vancouver-based copper miner that operates in Chile, declared a net loss of US$2.3 million for the second quarter on a sharp dip in revenues. For full story, click here
Continue reading "Copper Miner Amerigo Resources Lost $2.3 mln in 2nd Quarter"
Thursday, July 30, 2009
The Chilean peso has closed weaker against the dollar Wednesday, tracking the euro’s losses against the greenback and lower international copper prices. For full story, click here
Continue reading "Chile Peso Closed Weaker on Euro Losses, Lower Copper Prices"
Tuesday, July 28, 2009
Vancouver based Quadra Mining has released a scoping study on its Sierra Gorda project in Chile’s region II outlining a 25 year life in which it would produce on average 306 Mlb per year copper, 16 Mlb per year molybdenum and 36,000 oz per year gold for a startup CAPEX of USD 1.66 billion and [...]
Continue reading "Sierra Gorda has revealed 140,000 tonnes per year of Copper"
Monday, July 27, 2009
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
Continue reading "BHP Copper Output has been hit by Escondida Mill Woes"
Sunday, July 19, 2009
The value of Chile’s copper exports amounted to $1.979 billion in June, dipped 37 percent compared with $3.151 billion in the same month a year ago. For full story, click here
Continue reading "Chile Copper exports revenue dipped 37% in June"
Thursday, July 16, 2009
The value of Chile’s copper exports amounted to $1.979 billion in June, dipped 37 percent compared with $3.151 billion in the same month a year ago. For full story, click here
Continue reading "Chile Copper Export Revenue Slipped 37% in June"
Sunday, July 5, 2009
By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures ended lower on Thursday, as a stronger dollar and concerns about economic recovery weighed on values. Higher than expected unemployment figures, coupled with weak housing figures triggered fears that an economic recovery is still far off. A rising greenback further cooled the copper [...]
Continue reading "Copper Prices Plunge ahead of Independence Day"
Friday, June 12, 2009
Chile’s Collahuasi copper mine, owned by international miners Xstrata Copper and Anglo American, its annual output should reach 1 million tonnes of copper by 2015. Miguel Angel Duran, CEO of the local unit of Anglo American Plc, stated: We are still at the conceptual stages, so we can’t give a concrete date, but 2015 could [...]
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Friday, August 14, 2009