Rio Tinto Cuts Kennecott Jobs in Move to Reduce Operating Costs
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"
VMS Ventures Inc Marks Progress with Ramp and Ventilation Advance Rates for Reed Copper Project
Copper – VMS Ventures Inc. (TSXV:VMS) announced progress updates from the Reed Copper Project, in which they own a 30 percent interest.
Chinese PMI Dents Copper, Grasberg Shutdown Limits Losses
Copper – Reuters reported that copper was delivered a blow from poor Chinese PMI data, raising concern about demand.
Copper Mountain Mining Resumes Operations at SAG Mill Ahead of Schedule
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.
IMX Provides Exploration Updates from Mt Woods Copper-Gold Joint Venture Project
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.
Grasberg Production Halt Hikes Prices to Two-Week High on Supply Concerns
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:
Production Halt at Freeport-McMoRan Copper & Gold, Raising Prices, Prompting Safety Review
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:
Chinese Copper Premiums Swell to 7-Month High
Copper – Reuters reported that an up tick in demand, coupled with sparse inventories, have pushed Chinese copper premiums to a 7-month high.
Plains Exploration & Production Company Vote in Support of Freeport-McMoRan Copper & Gold Acquisition
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.
Death Toll Climbs to 14 after Freeport-McMoran’s Tunnel Collapse
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.
