Southern Copper Settles Labour Dispute with Workers in Peru
Copper – Mining Weekly reported that Southern Copper has signed a deal with striking workers in Peru.
Articles Tagged "southern copper"
China, Fed News Pulls Copper to 2013 Low
Copper – This week, copper yielded all the gains it has made this year, weighed down by concerns about a proposed Chinese property tax and signals that the Fed's asset purchases may come to an end.
Copper Drops on High Inventories and Risks to European Recovery
Copper – Positive US and Chinese manufacturing data pushed copper to a short-lived, four-month high on Monday. Thereafter, copper prices slumped three days in a row as Spain became embroiled in a corruption scandal and the European Central Bank warned of risks to Europe’s economic recovery.
Higher Costs at Root of Southern Copper’s Flat Q4 Profit
Copper – Mining Weekly reported that Southern Copper's net income for Q4 dropped modestly by 1 percent, year-over-year, pushed down by higher costs.
Southern Copper Workers in Peru to Vote on Strike
Copper – Reuters reported that Southern Copper's workers in Peru are set to vote on Wednesday as to whether or not they will strike again.
Southern Copper Workers Could Strike Jan 15 if Negotiations Break Down
Copper – Reuters reported that Southern Copper workers in Peru are considering striking after January 15 if a deal is not reached.
Copper Gains as Industrial China Grows and US Budget Talks Remain in Focus
Copper – Copper made slight gains in thin holiday trading after encouraging signs of growth from industrial companies in China, the world’s largest copper consumer. New home sales in the US also supported copper prices, but going forward, the tone and outcome of US budget talks are likely to steer the price of copper and other metals.
Delaware Supreme Court Rules Strine Southern Copper Judgment Sound
Copper – Reuters reported that the Delaware Supreme Court found that Chancery Court judge Leo Strine was not out of line in ruling that Southern Copper Corp. (NYSE:SCCO) be paid about $2 billion by Grupo Mexico (OTC Pink:GMBXF) after overpaying for Minera Mexico.
Copper Snaps Losing Streak, but Global Economic Worries Remain
Copper – Copper prices ended their losing streak over the past few days, but investors remain wary of how the June 17 Greek election may impact Europe and the euro. Investors are also still worried about the outcome of the economic situation in the United States and China.
Newmont to Pay $2 Billion in Taxes For Peru’s Conga Mine After Protests
Gold – Newmont Mining Corp said on January 5 it would pay more than $2 billion in taxes over the life of its proposed Conga mine inPeru after violent protests by residents and local politicians in the Cajamarca region -- where the operation is located -- since November. The protestors claim the Colorado gold miner’s activities will taint their water and affect a major aquifer.
