Page 142 - Codelco News Today

Chile state miner Codelco sees profits soar on rising copper price Reuters 1 day ago SANTIAGO, April 30 (Reuters) - World top copper producer Codelco saw profits soar to $1.63 billion in the first quarter of 2021, the company said on Friday, boosted by a dramatic spike in the global price of the red metal. Codelco reported it had produced 386,000 tonnes at its own mines between January and March, up 7% versus the previous year. The state miner reported production costs had fallen 0.2% to $1.3...

UPDATE 2-Chiles Codelco posts windfall profit as copper price soars Reuters 1 day ago Popular Searches By Fabian Cambero SANTIAGO, April 30 (Reuters) - The worlds top copper producer Codelco said on Friday profits skyrocketed in the first quarter, boosted by a dramatic spike in the global price of the red metal, though the state-run miner said it would remain focused on its long-term goals despite the windfall. Pre-tax pofits jumped to $1.627 billion between January and March from $54 million...

Codelco boosts output to tap copper price jump ( Codelco, the world’s biggest copper producer, saw sales more than double in the first quarter as production rose and prices of the metal surged. The state-owned producer churned out 386,000 metric tons from its own mines in Chile, up 7% from a year ago, thanks in part to an improvement in ore quality after a multi-billion-dollar overhaul of aging deposits. Nevertheless, a surge in Covid-19 cases in Chile has slowed project development. Sign Up...

A clean-up crew called in by AES Gener, owner of the coal-fired power plants operating in Quintero and Puchuncaví, regularly cleans the coal from the beach (Image: Saul Mansilla) SANTIAGO, Apr 27 2021 (IPS) - Standing on Punta Ventanilla, Carlos Vegas, 65, looks across at the industrial park which has been there most of his life. He looks at the impact of the 15 industries spread around the bay that connects the towns of Quintero and Puchuncaví, in central Chile. Although he comes from a fam...

Chile port, copper workers join protest against pensions move Workers at major ports and copper mines in Chile are joining a nationwide protest over pensions policy this week that is set to end with a day-long stoppage on April 30. Around 8,000 workers at 25 port terminals, including San Antonio, Valparaiso, and Antofagasta, are expected to join a weeklong protest, according to the Chilean Portworkers Union. Union leaders are demanding that President Sebastian Pinera sign into legislation a pol...

Introduction With the change of administration in Washington, the agenda that the United States is likely to prioritize in its relationship with Latin America has familiar elements: migration, rule of law, governance, counter-narcotics, and the crisis in Venezuela. Newer to the mix are concerns with populism, the inroads made by China, and the social and economic impact of the Covid-19 pandemic.  These are serious issues, but they reflect a largely reactive response to developments in the regi...

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Around 8,000 workers at 25 port terminals, including San Antonio, Valparaiso, and Antofagasta, are expected to join a weeklong protest, according to the Chilean Portworkers Union. Union leaders are demanding that President Sebastian Pinera sign into legislation a policy approved by lawmakers last week allowing employees to withdraw up to 10% of their pensions savings to help compen...

Freeport-McMoRan Inc (FCX) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. Freeport-McMoRan Inc (NYSE: FCX) Operator Ladies and gentlemen, thank you for standing by. Welcome to the Freeport-McMoran First Quarter Conference Call. [Operator Instructions] I would now like to turn the conference over to Ms. Kathleen Quirk, President and Chief Financial Officer. Please go ahead, maam.SPONSORED: 10 stocks we like...

New Focus on Clean Energy Boon for Uranium - NetworkNewsWire Editorial Coverage NEW YORK, April 20, 2021 /PRNewswire/ -- The world is hearing a growing chorus of urgency to change the curve of carbon emissions. Calling it a "climate emergency," " Scientific American" recently said, "the adverse effects of climate change are much more severe than expected. . . . Every effort must be made to reduce emissions and increase removal of atmospheric carbon." It will take a concerted global effort to tu...

Copper stabilizes after late February, early March drop The LME three-month copper price surged to a peak of $9,560 in late February. However, like nickel, the red metal cooled at the end of February and early March. The three-month price fell to $8,757 per metric ton as of March 4. “This is a classic overbought market in which traders sought to take some profits,” MetalMiner CEO Lisa Reisman explained last month. “With the exception of tin, all of the non-ferrous metals traded down. And ...