Page 69 - Escondida News Today

BHP braces for strike at Chilean copper mines Escondida workers on strike in 2017. ( Unionized workers at BHP’s (ASX, LON, NYSE: BHP) Escondida and Spence copper mines in Chile are set to vote on a strike after contract negotiations hit a dead end, the group said in a statement. The 205 workers run the company’s Integrated Operations Centre (IOC), based in the country’s capital Santiago, from where they manage pits, as well as cathode and concentrator plants in Chile’s north. Sign Up fo...

(Recasts, updates prices, adds possible copper strike) LONDON, May 10 (Reuters) - Copper slipped on Monday after touching a new record peak as bullish investors who recently entered the surging market became nervous about a possible correction. Three-month copper on the London Metal Exchange climbed to an all-time high of $10,747.50 a tonne during Asian trading after first breaking through a decade-old record on Friday. Gains had been propelled by investors joining a rally that had already seen...

Copper prices surpassed the key psychological level of $10,000 a tonne on Wednesday on hopes for further global economic recovery, but trading volume was tepid due to China market holidays.

Extra Edition of the Broker Call Report

(Updates prices, adds copper smelting) LONDON, May 5 (Reuters) - Copper prices rose to a fresh 10-year high on Wednesday, topping $10,000 per tonne for only the second time this decade as the world’s largest economies showed signs of recovery, boosting demand hopes. Benchmark three-month copper on the London Metal Exchange (LME) was up 0.2% at $9,990.50 a tonne in official trading after touching $10,040 in early trade. That was copper’s highest level since Feb. 2011 when the contract hit a ...

Weekly Fishing Report: May 5, 2021 Spring fishing conditions are underway in Northern New Mexico and Southern Colorado. Streamflows are rising, especially in the Chama River above El Vado Lake. Lakes are warming up but still cold enough for trout to be cruising the shallows looking for food. Warmwater species like smallmouth bass and walleye are becoming more active. Insect hatches are happening, particularly the caddis hatch on the Rio Grande. New Mexico State Parks are open to all visitors. ...

Chiles March copper production mixed with drop at Escondida Reuters 5/4/2021 SANTIAGO, May 4 (Reuters) - Copper production at most of Chiles mines was mixed in March because of strong output from state-miner Codelco and Collahuasi but a continued downturn in production at BHPs Escondida. Chilean state Copper Commission Cochilco reported that Codelcos production rose 0.7% this March compared to the same month the previous year to 148,700 tonnes, while Collahuasi - a joint venture by Glencore a...

Chiles copper output falls 1.2% in March on lower Escondida volumes Chiles copper mine production fell by 1.21% in March compared with the same month last year amid lower volumes from Escondida, the worlds largest copper mine, according to data published by national copper commission Cochilco on Tuesday May 4. Copper production totaled 488,700 tonnes in March, down from 494,700 tonnes in the same month last year, Cochilco said. But output rose by 14.58% sequentially fr...

The BHP said the tax hike poses a threat to Chile’s mining industry BHP, the head of operations in the Americas, reported that taxes and royalties threaten the mining industry in Chile. Last week, a committee in the Santiago congress approved amendments to the Mining Bill, which would add a progressive tax on sales of copper and lithium, with metals expected to play a key role in changes to cleaner energy. Although the project is unlikely to go away as it is today, analysts believe that high...

By Reuters Staff (Updates with additional data, context on copper slide) SANTIAGO, April 30 (Reuters) - World top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday, marking a modest but continual slide in production that began shortly after the coronavirus pandemic struck the country. Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on mo...