Copper – Mining Weekly reported that Southern Copper has signed a deal with striking workers in Peru.
Articles Tagged "southern copper"
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 – 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.
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.
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.
Copper – Reuters reported that Southern Copper workers in Peru are considering striking after January 15 if a deal is not reached.
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.
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 – 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.
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.