Chile has the world's largest copper reserves and is also the largest producer and exporter of the metal. In 2011, Chile expects global copper output will reach 16.5 million tonnes, an increase of 345,000 tonnes over 2010.
Reuters declared that Minera Escondida will be closing part of its mining operations for repairs. It will be repairing the Laguna Seca semi autonomous grinding mill for 45 days. During the Q1 of this year, output fell by about one third compared to 2008. 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 reported that its total output at its majority owned Escondida copper mine in Chile will dip by 30% during the 2009 financial year because of lower grades and ongoing issues with a mill. For full story, click here
BHP Billiton reported on Wednesday that total output at its majority owned Escondida copper mine in Chile will decline by 30% during the 2009 financial year because of lower grades and ongoing issues with a mill. For full story, click here
Contained copper production at Chile’s Escondida mine, the world’s largest, slumped 45 percent in the first quarter from a year ago to 156,400 tonnes, part owner Rio Tinto Ltd/Plc reported on Wednesday. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News Monday Oct 13 2008 is a day that will go down in history. This day, which was also Canadian Thanksgiving, and Columbus Day in the US, was the first day in a long time that the markets gained significant upward momentum. Oct 13 was a record [...]
By Leia Michele Toovey- Exclusive to Copper Investing News On Monday, copper lead gains in metals traded on the London Metal Exchange (LME) as the greenback retreated from its recent stronghold. The dollar’s recent run to new highs against the euro has extended losses for the metals; the recent pullback is getting people back in [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices continued to be on an upswing on Monday, following last week’s selling spree. You may recall that last Wednesday, the red metal had plunged to a six-month low as investors’ economic concern had initiated a rapid sell off of the metal. The low was [...]
By Leia Michele Toovey – Exclusive to Copper Investing News Copper stretched forward Friday, retracing from the five week low it hit on Thursday. Thursday’s price was weighed down by a stronger dollar and weakening global economic growth. The phrase “global recession” popped up again this week after German data showed business confidence declined to [...]
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