Base Metals

September 4, 2011

Peruvian copper miners to hold 2-day strike

Union workers at Peruvian copper producer Sociedad Minera Cerro Verde said late Friday that they plan to hold a two-day strike starting Sept. 7 to seek a salary increase.

September 4, 2011

Sandfire confident on $360m finance

Sandfire Resources managing director Karl Simich says the company's looming $360 million finance facility is still on track for completion soon, despite turmoil in global markets.

September 2, 2011

Force majeure lifted at Escondida

Reuters reports that force majeure was lifted at Escondida on Friday at Escondida, the world's largest copper mine. The Chilean mine, whose majority owner is BHP Billiton, was under force…

September 2, 2011

Xstrata upgrades Papua New Guinea Frieda River

The copper unit of Anglo-Swiss miner Xstrata PLC (XTA.LN) Friday announced a 10% increase in the copper resource base of its Papua New Guinea Frieda River copper-gold project and said…

September 2, 2011

HSBC cuts 2011 platinum, palladium forecasts

LONDON -(Dow Jones)- HSBC has cut its 2011 platinum and palladium price forecasts but upped its outlook for the period from 2012 to 2018, citing expectations that the market will…

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