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 [...]
By Leia Michele Toovey- Exclusive to Copper Investing News Copper prices will be low in the near term as weak demand and piling inventories exert downward pressure, however, for the long term analysts are bullish. When the economic environment improves, investors will select profitable markets to invest in. The copper market considered by many to [...]
Freeport-McMoRan Copper & Gold Inc announced tht it is cutting more than 600 jobs at its U.S. For full story, click here
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