Copper – NASDAQ reported that Rio Tinto has cut 100 jobs at its Kennecott mine in the wake of last month's landslide as it scrambles to reduce operating costs.
Articles Tagged "copper news"
Copper – VMS Ventures Inc. (TSXV:VMS) announced progress updates from the Reed Copper Project, in which they own a 30 percent interest.
Copper – Reuters reported that copper was delivered a blow from poor Chinese PMI data, raising concern about demand.
Copper – Copper Mountain Mining Corporation (TSX:CUM) announced that the damaged SAG mill transformer has been replaced late Friday and the mill resumed operation shortly afterwards.
Copper – IMX Resources Limited (TSX:IXR,TSX:IXR.WT,ASX:IXR), with JV partner Oz Minerals, announced updates from exploration activities for their Mt Woods Copper-Gold Joint Venture Project.
Copper – Reuters reported that copper rallied to a two-week high, lifted by supply concerns after the stoppage in production at Grasberg and on a soft dollar. As quoted in the market report:
Copper – loomberg reported that Freeport-McMoRan Copper & Gold Inc is taking on a safety review after a tunnel collapse at their Indonesian unit caused multiple fatalities and a production halt is raising prices on supply concerns. As quoted in the Bloomberg report:
Copper – Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
Copper – Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Plains Exploration & Production Company (NYSE: PXP) announced that shareholders have voted in support of FCX's proposed acquisition of PXP.
Copper – Mineweb reported that the death toll has risen to 14 after a tunnel collapsed at Big Gossan underground training facility at the PT Freeport Indonesia Grasberg complex, and 14 more are still missing and feared dead.