Page 67 - Escondida News Today

Copper price rally resumes on Chile supply disruption concerns Escondida, the world’s largest copper mine. ( Image courtesy of BHP.) Copper price was up again on Monday, lifted by concerns of supply disruptions in Chile and signs that Chinese demand is picking up. Copper for delivery in July was up 1.15% Monday afternoon, with futures trading at $4.7065 per pound ($10,354 a tonne) on the Comex market in New York. Sign Up for the Copper Digest Sign Up Workers at BHP’s Escondida and Spence m...

El Teniente is the world’s biggest underground copper mine and the sixth largest by reserve size. ( Image courtesy of Codelco.) In South America’s copper-rich Andes, political risk is rising as high poverty and debt levels amid the covid-19 pandemic drive potentially sharp policy shifts and put mining wealth into the crosshairs of angry citizens and political leaders. In No. 1 copper producer Chile, an overhaul of its market-orientated constitution is underway, and it is debating whether t...

Australian shares are poised to start the week higher, bolstered by the resilience of buy-the-dip investors, who paced a rebound in New York.

Copper: an essential element in the green economy “Our vehicle is designed like a mobile phone,” says Greg McGarvie, managing director of Australian Clean Energy Electric Vehicle Group (ACE EV Group), which plans to launch its first electric vehicle in October. “Realistically, most people, on average, travel about 38km a day. So if you bring your car home, you can plug it in, like you plug in your mobile phone, and probably by the time you’ve finished dinner it’s fully charged.” Jus...

CATCHES OF THE WEEK Seth Garcia, of Raton, caught a 20-inch rainbow trout on the Cimarron River using worms May 8. David Whitener, of Clovis, caught a 9-pound walleye at Conchas Lake using a crappie jig May 6. Mark Haber, of Santa Fe, caught a 21-inch kokanee salmon at Eagle Nest Lake trolling a Pistol Pete on May 5. Evangeline Tenorio, 8, of Anton Chico, caught her first fish, a 20.25-inch rainbow trout using green and white glitter PowerBait Turbo Dough on May 1. Guy Poland, of Santa Fe, cau...

Todays Market View - Shanta Gold, GoldStone Resources, Caledonia Mining and more... Caledonia Mining confirms its previously reported reports production of 13,197oz of gold (Q1 2020 – 14,233oz) from its Blanket gold mine in Zimbabwe and reports on mine cost of $836/oz (Q1 2020 - $702/oz) and an all-in-sustaining cost of $1,077/oz (Q1 2020 -$904/oz) during the 3 months to 31st March 2021. SP Angel . Morning View . Thursday 13 05 21 Higher than expected inflation report hits Technology stocks a...

Spence copper mine located in the Atacama Desert, in northern Chile. (Image courtesy of BHP). A union representing workers at BHP’s Escondida and Spence mines in Chile has rejected the company’s contract offer, raising the risk of a strike at the two sprawling copper deposits, the union’s president told Reuters on Friday. The union’s 205 workers run the company’s Integrated Operations Centre which manages cathode and concentrator plants in the north of the country from the Chilean c...

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(Adds BHP comment, context) SANTIAGO, May 14 (Reuters) - A union representing workers at BHP’s Escondida and Spence mines in Chile has rejected the company’s contract offer, raising the risk of a strike at the two sprawling copper deposits, the union’s president told Reuters on Friday. The union’s 205 workers run the company’s Integrated Operations Centre which manages cathode and concentrator plants in the north of the country from the Chilean capital Santiago. Union president Jessic...

MINING.com Editor | May 14, 2021 | 12:34 pm The world’s largest copper mine, Escondida in Chile, as seen from space. Image from Google Earth. Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world’s energy systems is also used in heating, cooling, electronics, power generation and transmission, automotive applications and has antimicrobial abilities. Demand from the green energy transition has sparked a rally on copper ...