Page 57 - Escondida News Today

Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner With all eyes on the labor situation at BHP’s Escondida copper mine — the world’s largest copper mine — global copper supply could get a lot tighter if the situation leads to a prolonged strike. In 2017, workers at the mine engaged in a 44-day strike. However, at least through the first four months of the year, the International Copper Study Group (ICSG) estimated the global copper market posted an a...

Article content FUNDAMENTALS * LME nickel rose 0.8% to $19,695 a tonne, aluminum fell 0.4% to $2,528 a tonne, ShFE nickel climbed 0.8% to 147,150 yuan a tonne and ShFE aluminum advanced 0.5% to 19,560 yuan a tonne. * The premium of LME cash aluminum over the three-month contract stretched to $9.25 a tonne, the most since June 17, indicating tightening nearby supplies. * Canadian copper miner First Quantum Minerals has shelved plans to sell a stake in its Zambian copper mines, Chief Operating ...

(Updates prices) July 29 (Reuters) - London copper prices rose on Thursday as the dollar weakened after Federal Reserve Chairman Jerome Powell said rate increases were distant, making greenback-priced metals cheaper to holders of other currencies. The dollar slipped to multi-week lows in Asian trading on Thursday. Three-month copper on the London Metal Exchange rose 0.9% to $9,776.50 a tonne by 0711 GMT, while the most-traded September copper contract on the Shanghai Futures Exchange closed 0.7...

Fabian Cambero 3 minute read A worker from BHP Billitons Escondida, the worlds biggest copper mine, is pictured inside a copper cathodes plant in Antofagasta, Chile March 31, 2008. Picture taken March 31, 2008. REUTERS/Ivan Alvarado/File Photo SANTIAGO, July 26 (Reuters) - Labor contract negotiation at Chiles Escondida mine, the worlds largest copper deposit, entered into a critical phase on Monday with the delivery of a final offer by operator BHP (BHP.AX), according to an internal memo sent b...

Copper producers are paying the price of their covid cutbacks Tia Maria mine is forecast to produce 120,000 tonnes of copper a year, for an estimated 20-year lifespan. ( Southern Copper Corp. missed quarterly output expectations as the world’s fifth-largest producer deals with the lingering effects of the pandemic. While producer profits are booming thanks to high prices fueled by the pandemic recovery, their operations are paying the price of Covid-fighting measures. Southern had to process ...

By Syndicated Content By Fabian Cambero SANTIAGO (Reuters) -Labor contract negotiation at Chile’s Escondida mine, the world’s largest copper deposit, entered into a critical phase on Monday with the delivery of a final offer by operator BHP, according to an internal memo sent by the company to workers and seen by Reuters. Negotiations over the past two months between the company and its powerful workers’ union over a new labor contract have been conducted in utmost secrec...

Article content The outcome of the talks is awaited anxiously by the market because of their benchmark status for the industry and an earlier threat by the union of a strike that would constrict already tight global copper supplies and send prices still higher. “The offer that the company proposes improves on the current contract and incorporates new benefits in areas highly valued by workers, such as performance bonuses, health and well-being packages and career development opportunities, am...

30 June 2021 Ignacio Bustamante, Chief Executive Officer said: "The second quarter results have been solid across our operations and we remain on course to deliver our production and cost targets for the year. In addition, drill results have continued to be encouraging at Inmaculada with 29 million silver equivalent ounces of high grade Inferred resources already added in the first half. We have also seen further positive results from the Snip project in Canada. Finally, today we have also ann...

CATCHES OF THE WEEK Alan Fiala, of Ruidoso, caught a 31-inch, 15-pound catfish at Alto Lake using a nightcrawler worm July 8. Irma Herrada, of El Paso, Texas, caught a 21-inch catfish at Bear Canyon Lake using worms July 3. At Bluewater Lake, Johnny Chavez, of Thoreau, caught a 43-inch, 20-pound tiger muskie using a 7-inch swimbait on the Thoreau side of the lake July 3. … Jordan Brown, of Grants, caught a limit of rainbow trout using salmon eggs June 26. Chon Chavarria, of Las Cruces, caug...

21 june 2021 As the founder of the Diamond Little Star® brand, Liu Jiangjiang is actively involved in various business activities. He founded the Lab Grown Diamond Research Centre and the Lab Grown Diamond Club in China. At the same time, he is also the General Counsel... 14 june 2021 Today Norilsk Nickel, one of the major producers of metals required for the transition to a “green economy”, has published its 2020 Sustainability Report. Its key parts are the environmental program and the...