Strike over pay still ongoing, output not at maximum * Returning workers are contractors, union says * Workers say any output cannot be shipped due to strike * Copper prices at lowest this year (Adds company memo, port comment) By Rieka Rahadiana JAKARTA, Sept 19 (Reuters) – More than a thousand workers have returned to [...]

Commodities fell, led by copper’s drop to a nine-month low, on speculation that demand for raw materials will decline as European policymakers prepare to assess whether Greece can meet conditions of a rescue loan. Industrial users of metals and energy and companies that use agriculture commodities to make food may slow purchases, waiting on a [...]

NEW YORK—Copper futures slumped to their lowest levels in more than nine months on worries that Europe’s widening debt crisis would deepen the global economic slowdown and slash demand for metals. Prices for the industrial metal had held firm in recent weeks despite fears that Europe’s banks may be sliding toward a credit crunch. But [...]

BHP Billiton Ltd. (BHP)’s coking coal miners in Australia have resumed strikes after failing to agree with management on pay and work conditions, further disrupting the largest exporter of the steelmaking material. “Strikes are continuing and now we are considering an escalation,” said Stephen Smyth, president of the Construction, Forestry, Mining and Energy Union’s mining [...]

In this year leading up to Arizona’s centennial, Feb. 14, 2012, we’ll reprint a story or excerpts each day from the Arizona Daily Star or Tucson Citizen archives. Aug. 24, 1912 BISBEE – The Copper Queen and Calumet and Arizona Mining companies have granted to men in their employ working underground an increase of 25 [...]

* U.S. July consumer spending growth at 5-month highs * Strike threat looms at Grasberg copper mine * Coming Up: U.S. consumer confidence 1400 GMT, FOMC minutes 1800 By Susan Thomas LONDON, Aug 30 (Reuters) – Copper rose on Tuesday, helped by data that showed U.S. consumers were willing to spend, especially on cars, suggesting [...]

SHANGHAI, July 12 (Reuters) – Copper drifted down on Tuesday as concerns of supply disruption in Indonesia eased, while continued fears that the euro zone debt crisis would spread to Italy weighed on sentiment. FUNDAMENTALS * Three-month copper on the London Metal Exchange edged down 0.3 percent to $9,545.25 a tonne by 0128 GMT, after [...]

JAKARTA, INDONESIA (BNO NEWS) — Around 8,000 workers at a gold and copper mine in the eastern region of Indonesia entered their fourth day of strikes, local media reported Thursday. Since Monday, workers at Freeport-McMoran Copper & Gold Inc’s Grasberg Mine, which is located in Irian Jaya, Indonesia, began a 7-day strike, demanding their salaries [...]

JAKARTA/SANTIAGO, July 6 (Reuters) – Three of the world’s biggest copper mines face strike-related disruptions this week, early signs of a possible resurgence in labor unrest that could strain an already fragile supply pipeline. In Indonesia, a strike for higher pay has paralyzed output at Freeport McMoRan Copper & Gold’s (FCX.N) giant Grasberg mine, workers [...]

About 8,000 workers at the huge Freeport-McMoran copper and gold mine in the Indonesia province of Papua began a seven day strike yesterday. The Reuters news agency reports Freeport saying it’s not anticipating any impact on production at the mine. The workers want to re-negotiate their contract, including a wage rise of up to 3 [...]

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