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 [...]

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 [...]

SANTIAGO (Dow Jones)–Chile’s peso ended mildly stronger versus the dollar Tuesday as international copper prices regained some lost ground, although continued worries about euro zone debt contagion kept the local currency from gaining further. The peso ended at CLP466.90 to the dollar, versus Monday’s close of CLP467.20, while trading in a range of CLP466.60 to [...]

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 [...]

* 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, [...]

LUSAKA – Brazilian firm Vale plans to invest $400-million in Zambia’s Konkola North copper project, expected to start producing copper by 2013, executive director Eduardo Ledsham said on Thursday. Ledsham said while visiting Zambia, Africa’s largest copper producer, that the Konkola North project, Vale’s joint-venture project with African Rainbow Minerals was the first of other projects [...]

CHENGDU, China, June 30  – An Afghanistan copper mine joint venture between Metallurgical Corp of China (MCC) and Jiangxi Copper is expected to start production of copper concentrates in 2013, an MCC executive said on Wednesday. This is two year’s later than the end-2011 startup date stated in September by MCC president Shen Heting, but [...]

HONG KONG, June 23  – China’s top copper producer Jiangxi Copper <0358.HK><600362.SS> said on Wednesday that production at its copper mines and plants in Guixi city in flood-hit Jiangxi province was not affected by recent flooding. Jiangxi Copper would maintain its output target of 900,000 tonnes of refined copper this year versus last year’s output [...]

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 [...]

Small wonder that copper prices are experiencing aftershocks of their own following this weekend’s massive earthquake in Chile. The Latin American economy is the world’s largest copper producer and millions are awaiting signs of a long-term supply disruption. Mine production has been halted in the copper-rich nation as Chile copes with a wave of aftershocks, [...]

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