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Workers at the Candelaria copper mine in Chile are leaning toward rejecting Lundin Mining's (LUNMF) latest wage offer, signaling that a strike will extend into a second month, a union leader tells Bloomberg.Lundin management presented a new proposal to the AOS union yesterday that included a ...
Production fell in September at BHP's ([[BHP]] +2.7%) Escondida, the world's largest copper mine, while output rose at top miner Codelco amid the ongoing pandemic in Chile, according to government figures.Escondida's production dropped 6% Y/Y during the month to 94.1K tons, but the mine's out...
Anglo American ([[AAUKF]], [[AAUKY]]) says its mining operations continued to recover from the early impact of the pandemic during Q3, with total production jumping 24% compared with the previous quarter as operations are now running at ~95% of normal capacity.But output was still running beh...
Singapore iron ore futures ( SCO:COM ) fall as much as 2.5% to $116.65/ton, capping 6%-plus losses over the past three days, with signals mounting that the tightness in the seaborne market that pushed prices to multiyear highs is easing . More news on: Iron Ore Futures, BHP Group, Rio T...
Anglo American ( OTCQX:AAUKF , OTCPK:AAUKY ) says its De Beers diamonds unit made nearly 3x as much in sales of rough diamonds in this year's seventh sales cycle as in the previous cycle, as buyers prepare for the year-end holiday season. More news on: Anglo American plc, Anglo American...
Copper prices ( HG1:COM ) push to a two-year high following data showing Chinese manufacturing activity rising at its fastest pace in nearly a decade, as well as a weaker dollar and declining copper inventories. More news on: Copper Futures, Freeport-McMoRan Inc., BHP Group, Commoditie...
Wage negotiations with Anglo American's ( OTCQX:AAUKF , OTCPK:AAUKY ) Kumba Iron Ore unit are deadlocked and a strike is possible , South Africa's National Union of Mineworkers says. More news on: Anglo American plc, Anglo American plc ADR, Anglo American plc, Commodities news, Read ...
Anglo American's ( OTCQX:AAUKF , OTCPK:AAUKY ) De Beers unit says it will cut diamond prices by nearly 10% in a bid to boost sales, Bloomberg reports, after demand for the stones has plunged amid the COVID-19 outbreak. More news on: Anglo American plc, Anglo American plc ADR, Public Joi...
Iron ore prices push past $123/ton on the Singapore Exchange to the highest in more than six years, but analysts at ING Bank believe the rally could slow as miners ramp up production . More news on: Rio Tinto Group, BHP Group, Vale S.A., Commodities news, Read more ...
Freeport McMoRan ( FCX +2.5% ) nearly matches its 52-week high as copper inventories in warehouses tracked by the London Metal Exchange fell 2.3% to 107.5K tons, the lowest since August 2007, according to Bloomberg. More news on: Freeport-McMoRan Inc., Rio Tinto Group, BHP Group, Energy ...