Articles Tagged "copper"

Copper Touches 2-Month High

Bloomberg reported that copper prices rose to a two-month high as heavy rains in Chile closed copper mines in the world’s biggest producer of the metal.

Antam-Freeport to Miss Deadline with Indonesian Copper Smelter

Reuters reported today that Freeport McMoRan Copper & Gold Inc and Indonesia's Aneka Tambang may not be ready with a joint copper smelter venture before Indonesia bans concentrate exports in 2017. This could cause dramatically reduced copper output in the future, as PT Smelting, currently the only copper smelter in Indonesia, is only capable of processing 20% of the national output of concentrate.

Chile Mines Unharmed after Recent Quake

Reuters reported that most Chilean mines seem to have held up well against a recent 8.2 magnitude earthquake in the mineral rich region. No damage was reported to the Collahuasi copper mine, and Coldeco, Antofagasta and Teck Resources all said that their mines were functioning well.