Page 60 - Escondida News Today

SANTIAGO – Mining group BHP will spend up to $93 million in environmental repairs and reparations after a Chilean court brokered an agreement in a lawsuit

Copper prices fell for a third day on Thursday, sitting beneath record highs as investors waited for U.S. jobs data on Friday that will offer clues on when monetary policy could tighten.

BHP, the majority owner and operator of Minera Escondida in Chile, will have to spend $93 million as part of an environmental plan drawn up to resolve a legal dispute last year, the country's First Environmental Court said on Wednesday June 2.

The Race For Copper, The Metal Of The Future The International Energy Agency (IEA) was founded in 1974 in response to oil embargos the previous year that caused the global price of oil to surge 300% from $3 per barrel to $12 per barrel. From the start, the IEA’s mission has been to help member nations deal with major oil supply disruptions. Over the years, the group’s purview has broadened to include more than just oil security, and in its most recent report, the IEA sounds the warning bell...

Copper price crashes through $10,000 as China premium hits 9-year low Copper prices fell on Thursday to a near six-week low on signs of weakening demand in China and expectations about US jobs data. Copper for delivery in July was down 3.5% from Wednesday’s settlement price to $4.4295 ($9,765 per tonne) early Thursday afternoon on the Comex market in New York. The selling came amid heavy volumes with more than 120,000 contracts with a nominal value of $13 billion changing hands by lunchtime....

Copper fell on Wednesday on signs of weakening demand in top consumer China and as a firmer dollar made greenback-priced metals more expensive to holders of other currencies.

SANTIAGO — Mining group BHP will spend up to $93 million in environmental repairs and reparations after a Chilean court brokered an agreement in a lawsuit from…

Chilean copper output fell 1.98% in April, compared to the same month of 2020, due to volume decreases from major producers like Codelco, Escondida and Los Pelambres, according to data published by the country's copper commission, Cochilco, on Wednesday June 2.

(Updates prices) HANOI, June 1 (Reuters) - Copper prices rose on Tuesday, helped by recovering global demand, supply threats from a labour dispute in Chile and a weaker dollar. Three-month copper on the London Metal Exchange was up 0.5% to $10,306 a tonne at 0706 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange was up 0.6% to 74,160 yuan ($11,632.94) a tonne. “Prices have increased on the back of a firm uptick in demand as the world outside of China recovers, i...

BHP said operations at the world's largest copper mine Escondida and at the smaller Spence mine in Chile were normal on Tuesday despite a strike by a union representing remote workers.