Codelco Negotiates New Contracts with Unions at Andina
Copper – Reuters reported that copper miner Codelco has negotiated contracts with workers at their Andina deposit that were due to expire on December 1.
Articles Tagged "copper miner"
Copper Prices Retreat; KGHM Bids for Quadra FNX
Copper – European copper producer KGHM announced on Tuesday its acquisition of Canadian copper miner Quadra FNX.
Resource Market Weekly Recap
Rebounding steel markets in India and China, Chilean labour conditions, Australian mining taxes and African mining reclamation developments combined for a very interesting week for resource investors. All of the six main metals traded on the LME retreated as fears that the European bailout would only provide a band-aid fix permeated the global markets, with nickel suffering the biggest loss.
Gold Sector Punches Higher
Gold Investing News reports gold sector moves slightly higher this month. In London, gold hit a three-month high on Friday, of $966.80 an ounce as the dollar fell towards a five-month low versus a basket of currencies, with worries over soaring government debt prompting investors to sell the safe-haven currency. Spot gold was bid at [...]
Copper’s ascent sentiment-driven
Copper Investing News reports copper price rise for the first time since October last year. Copper futures for May delivery advanced 11.05 cents, or 5.8 per cent, to $2.0005 a pound on the Comex division of the New York Mercantile Exchange. This week, the metal added another 9 per cent to its rally started at [...]
Copper in limbo over government bailout
Copper Investing News reports copper prices fell as the government’s proposed financial bailout plan got investors’ attention. Copper closed with its third straight loss on Thursday, falling 1.29 per cent at the London Metal Exchange, trading for US$3.13206 per pound compared to US$3.17288 on Wednesday and US$3.21597 on Tuesday. Copper prices were steady in London and Shanghai on [...]
