BHP removes striking workers at huge Chile copper mine, output at risk The union’s 2,400 members downed tools at Escondida Tuesday morning after rejecting BHP’s latest proposal as part of a collective bargaining. Reuters | August 13, 2024 | 3:49 pm
Wave of Chinese copper fills warehouses abroad as demand weakens China is typically a significant net copper importer, but weak local conditions have reversed global trade flows in recent months. Bloomberg News | August 13, 2024 | 12:55 pm
Navoi Mining to invest $23 million in Muruntau mine expansion NMMC is currently ranked as the fourth-largest gold mining company in the world, producing 2.9 million oz. of the metal in 2023. Staff Writer | August 13, 2024 | 11:28 am
Illegal mining soars near First Quantum’s idled Panama mine More than 250 instances of illegal mining have been identified in the rainforest surrounding Cobre Panama this year. Bloomberg News | August 13, 2024 | 10:13 am
Ivanhoe Electric acquires full ownership of mineral rights at Santa Cruz copper project The project is one of the largest and highest grade undeveloped copper resources in the United States. Staff Writer | August 13, 2024 | 8:46 am
DRC-Zambia border reopens, copper exports resume Congo's import ban last month led to protests and Zambia closing the border for transport drivers' safety. Staff Writer | August 13, 2024 | 7:35 am
Hindalco misses first-quarter profit estimates on higher expenses The company reported profit below estimates, hurt by a jump in expenses tied to disruptions at its Novelis unit's Switzerland plant. Reuters | August 13, 2024 | 7:06 am
BHP workers at Escondida copper mine go on strike The strike at the world’s largest copper mine began at 8 a.m. Chile time and involves the union’s 2,400 members. Cecilia Jamasmie | August 13, 2024 | 3:53 am
Union at BHP’s Escondida mine says company made ‘illegal’ offer amid negotiations The union accuses the company of making an offer outside of a government-mandated mediation process. Reuters | August 12, 2024 | 3:33 pm
