Apr
16
0 inShare SANTIAGO: Mining group Anglo American sees its copper output jumping this year as its disputed Los Bronces mine in Chile gears up, while a chronically undersupplied and volatile market will briefly tilt into surplus next year, a top executive said. Copper demand will expand a robust 5 to 6 per cent this year [...]
Aug
14
Zambia risks shutting down some of the mines
August 14, 2011 | Leave a Comment
Zambia, Africa’s largest copper producer risks shutting down some of the mines or scaling down copper output with the revised 30% power hike by the country’s energy regulator, effective January 1st 2011. According to mine experts, most underground mining projects might be forced to scale down their power consumption to cost save lay off some [...]
Aug
9
Supply Pinch Could Prop Up Price Of Copper
August 9, 2011 | Leave a Comment
A flurry of weak economic news lately is weighing heavily on copper’s price. Recently, the red metal dipped to its lowest since July 25 after a release of weak global manufacturing numbers and concern over global growth. But demand is only part of the equation for the metal widely used in manufacturing and construction. Macquarie [...]
Jul
11
Workers at Chilean copper giant go on strike
July 11, 2011 | Leave a Comment
Workers at state-owned Corporacion del Cobre de Chile, the world’s biggest copper producer, went on strike Monday to protest a modernization plan they see as a step toward privatization. Some 15,000 Codelco employers and 30,000 contract workers are expected to take part in the walkout, a spokesperson for the FTC union told Efe. The work [...]
Jul
7
* Union says extraction of mineral halted after heavy rain * Collahuasi says continued to normalize operations * Quebrada Blanca says to reach 70 pct capacity tonight * Cold snap seen worsening in Chile’s mining heartland (Adds fresh details on Escondida) By Alonso Soto SANTIAGO, July 7 (Reuters) – The world’s top copper mine, Escondida, [...]
Jul
5
Zambia Jan to May copper output up 16%..
July 5, 2010 | 1 Comment
LUSAKA – Copper production in Zambia, Africa’s leading producer, rose 16% in the first five months of 2010, shored up by rising global metals prices, Bank of Zambia figures showed on Friday. Copper output at 321 132 t from January to May was higher than the 276 230 t the southern African country produced during [...]
Jun
2
Chile, the world’s No. 1 copper producer, said Friday its output of the metal rose 6.4 percent in April from the same month a year earlier. In March, Chile’s copper output rose 5.0 percent from the same month in 2009, according to data released last month. Chile’s copper industry, the backbone of its economy, emerged [...]
Mar
17
Zambia’s copper output down in Jan on mine closures..
March 17, 2010 | Leave a Comment
Copper production in Zambia, Africa’s largest producer, fell 13 percent in January 2010 compared with January 2009 due to earlier mine closures but analysts said there were good prospects for higher output. Zambia has previously said copper production could hit 1.0 million tonnes by 2011 as new mines come on stream and expansions and upgrades [...]
Mar
11
China Feb copper up 4.1 pct after Jan fall..
March 11, 2010 | Leave a Comment
HONG KONG, March 11 – China’s monthly production of refined copper and primary aluminium in February rose 4.1 percent and 3.6 percent respectively, after falling in the previous month because of repairs to smelters. But production of refined lead, zinc, nickel and tin, extended January’s falls last month following the reduction of concentrate supplies from [...]
Feb
26
Chile’s Codelco copper output up 16 pct in 2009..
February 26, 2010 | Leave a Comment
SANTIAGO, Feb 25 – Chile’s Codelco, the world’s top copper producer, increased copper output 16 percent to 1.7 million tonnes in 2009 as it forged ahead with heavy investments during the global slump. That marked the end to four consecutive years of dwindling output as lower grades at aging mines and labor strikes hit output [...]