Aluminum and Copper

Mining News Pro - Unionized workers at Chile’s Escondida copper mine, the world’s largest, will stage a 24 hours-long strike on Tuesday in solidarity with ongoing massive protests sparked by a now suspended metro fare hike, as locals vent their discontent over the high cost of living and extreme inequality in one of Latin America’s most stable nations.

Mining News Pro - Thor Mining made public an updated mineral resource estimate for its flagship Molyhil project in Australia’s Northern Territory.

Mining News Pro - Australia’s OceanaGold (TSX, ASX: OGC) on Tuesday lowered its annual gold and copper output targets for the year after halting processing at its Didipio mine in the Philippines, due to an ongoing dispute with the local government around its license to operate.

Mining News Pro - Chile’s Codelco, the world’s largest copper producer, said on Monday that it is evaluating the closure of its Ventanas copper smelter in a polluted coastal region.

Mining News Pro - Canadian miner Teck Resources Ltd said on Sunday that a union representing 473 workers at its Chile mine will start a strike on Oct. 14.

Mining News Pro - Geospatial intelligence company Earth-i, in collaboration with Britain-based commodities broker Marex Spectron and the European Space Agency, will launch next week a satellites-based service monitoring the up-to-date operational status of up to 90% of the world’s copper smelters.

Mining News Pro - Vancouver-based Jaxon Mining has completed the second phase of field work this year at its Red Springs copper porphyry project.

Mining News Pro - Chile’s Antofagasta, one of the world’s largest copper producers, has requested government mediation to resolve a contractual dispute with supervisors at its flagship Los Pelambres mine, the supervisors´ union said on Monday.

Mining News Pro - The price of copper weakened again on Thursday amid the worst US factory conditions in a decade and near-record bearish bets on futures markets on the bellwether metal.

Mining News Pro - The president of the Union of Supervisors at Minera Los Pelambres -Antofagasta Plc.’s (LON: ANTO) flagship copper mine in central Chile- asked unionized workers to reject the company’s latest contract proposal and vote in favour of a strike action.

Mining News Pro - Peru’s Environmental Assessment and Control Agency, known as OEFA, ordered Minera Las Bambas to change the way it transports copper concentrate through the Southern Runway (Corredor Vial Sur) between the towns of Velille and Ccapacmarca, located in the Chumbivilcas province.

Mining News Pro - Global mined copper output dropped in the first six months of the year by 1.4% to nearly 9.92 million tonnes, mainly due to weather disruptions in the world’s top producer, Chile, and the transition of two mines in Indonesia to different ore zones.

Mining News Pro - First Quantum Minerals Ltd., the owner of Africa’s biggest copper mine, headed for the biggest loss in seven weeks after the company said it hasn’t engaged in any discussions regarding a takeover bid or other change of control transaction.

Mining News Pro - Representatives of Chile’s ruling party Chile Vamos defended this weekend a government proposal to allow mining companies to operate on rocky glaciers that are not listed in the national system of wild protected areas.

Mining News Pro - National Iranian Copper Industries Company has produced 110 thousand tons of copper cathode in the first five months of the year.

Mining News Pro - China’s unwrought copper imports fell in August after a bounce in the previous month, customs data showed on Sunday, as a slowdown in the world’s top copper consumer raises concerns over demand for the metal, while aluminium exports also dipped.

Mining News Pro - Private Chilean copper producer Mantos Copper has secured $250 million to fund the expansion of the sulphides concentrator at its Mantos Blancos operation, which will extend the life of the open-pit mine until 2035 and reduce costs.

Mining News Pro - Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028, which will consume in excess of 5.5Mt of copper, according to new analysis by Wood Mackenzie.

Mining News Pro - Excelsior Mining (TSX: MIN) just completed a pipeline corridor at the Gunnison copper project in southern Arizona, which means that the company is on track to deliver its first copper production in Q4 2019.

Mining News Pro - A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply.

In Picture

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