Sep
19
Some workers return to Freeport Indonesia copper mine
September 19, 2011 | Leave a Comment
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 [...]
Sep
11
China Aug commodity imports shows economy resilient
September 11, 2011 | Leave a Comment
SHANGHAI (Reuters) – China’s key commodity imports, including crude oil, copper and iron ore, all climbed in August from the previous month, adding to evidence that demand in world’s second-largest economy was still going strong despite the economic turmoil in the West. The wave of buying of oil and industrial commodities suggests that Chinese companies [...]
Sep
11
First Quantum lines up USD 1 billion in financing
September 11, 2011 | Leave a Comment
Reuters reported that First Quantum Minerals is close to securing about USD 1 billion in financing to expand its Zambian copper operations. The miner has an 80% stake in the Kansanshi mine in Zambia and also produces copper and gold from the Guelb Moghrein mine in Mauritania. Kansanshi produced about 230,000 tonnes of copper and [...]
Sep
10
China Aug commodity imports shows economy resilient
September 10, 2011 | Leave a Comment
SHANGHAI (Reuters) – China’s key commodity imports, including crude oil, copper and iron ore, all climbed in August from the previous month, adding to evidence that demand in world’s second-largest economy was still going strong despite the economic turmoil in the West. The wave of buying of oil and industrial commodities suggests that Chinese companies [...]
Aug
5
Chile Escondida workers to end two-week strike
August 5, 2011 | Leave a Comment
* Strikers vote to accept company bonus offer, lift action * BHP Billiton refused to raise bonus, aims to set example * Strike could herald new era of labour turbulence in Chile (Adds copper prices) By Moises Avila ANTOFAGASTA, Chile, Aug 5 (Reuters) – Workers at Chile’s giant Escondida mine on Friday accepted a company [...]
Jul
4
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 [...]
Jul
6
Commodities May Extend Drop This Quarter on `Open Gap’: Technical Analysis..
July 6, 2010 | Leave a Comment
Commodities may extend the worst slump since 2008 this quarter after an advance in June proved short-lived, Barclays Capital said, citing trading patterns. The Reuters/Jefferies CRB Index of 19 raw materials ended the second quarter with a decline of 5.4 percent, the most since the final three months of 2008, after the first quarter’s 3.5 [...]
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
23
China May refined copper imports fall, demand up.
June 23, 2010 | 3 Comments
Apparent daily appetite for refined copper in China, the world’s top consumer, grew 5 percent in May from April, Reuters calculations show, as a fall in imports was offset by rising output and a drop in stock levels. Copper consumption came in at just over 700,000 tonnes last month, versus 650,000 in April. China’s arrivals [...]
Jun
23
Copper production back in full swing..
June 23, 2010 | Leave a Comment
COPPER mines in Zambia, Africa’s top producer of the metal, are back in full production after a nationwide blackout halted output on Friday, a senior Government official and mining companies said on Monday. Copperbelt Province Permanent Secretary Villie Lombanya told Reuters all the mines had returned to normal production after they replaced equipment damaged due [...]