Mining industry
Amid record-high copper prices, unionized workers at Placer Dome's Zaldivar copper mine in northern Chile have taken a positive strike vote after a two-year contract expired on June 26. The mine, with a workforce of about 700 employees and 560 contractors, produced 325 million pounds of copper in
Mining industry
Central banks have been steadily reducing their gold holdings for nearly four decades, a trend that shows no signs of reversing. Since 1965, the world's central banks and financial institutions have sold almost one-fifth of their official gold reserves, reducing their total holdings to about 31,400. This
Mining industry
Woodside's expansion plans for the North West Shelf LNG project are underway, with a fifth production train expected to process 4.2 million metric tons of LNG per year, increasing the plant's annual capacity to 15.9 million tons. The investment, valued at $2.7 billion,
Mining industry
The world refined copper market turned to a production deficit of 26,000 metric tons in March 2005, compared to a surplus in February, according to the International Copper Study Group. This shift has significant implications for global copper supply and demand dynamics. As the market adjusts to this new
Mining industry
Peru's Energy and Mines Ministry has reported mixed results in the country's mineral output for April, with some commodities seeing significant declines while others experience increases. The numbers are a reflection of the country's diverse mining landscape, which includes players such as Minera Yanacocha
Mining industry
Phelps Dodge Corp.'s mining unit has announced plans to build a large-scale copper concentrate leaching and direct electrowinning facility at its copper mine in Morenci, Arizona. The company will employ its own technology to process mixed primary and secondary copper ores, a process currently being demonstrated at its
Mining industry
Precious metals, including gold and silver, surged in New York on Wednesday due to a weaker US dollar and increased physical demand. Traders and analysts point to the euro's rise against the dollar as a key factor in this upward trend. Additionally, strong demand for gold in India
Mining industry
Goldcorp Inc. has completed a stand-alone feasibility study for the Los Filos gold deposit in southern Mexico. The study reveals significant gold reserves, with proven and probable reserves of 63.9 million metric tons grading 0.99 grams of gold a ton, representing 2.04 million ounces of contained gold.
Mining industry
The global gold market is experiencing significant activity, with several mergers and acquisitions, new exploration projects, and changes in gold reserves. Anglo American PLC is considering a new gold project, while Barrick Gold Corp. reassures Chilean legislators about its Pascua-Lama project's environmental impact. The Competition Tribunal in South
Mining industry
In March, Peru's Energy and Mines Ministry reported a mix of increases and decreases in mineral production. Gold output surged by 2.6% to 14,172 kilograms, while copper production fell by 3.5% to 85,771 tons. The stronger gold production was attributed to increases at Minera
Mining industry
The Dow Jones Commodities News reports a jump in gold prices is providing a slight boost to mining stocks, which have suffered a dismal month. Weakness in the dollar versus the yen is thought to be behind the gold surge, but some traders attribute it to short-covering at the end
Mining industry
Amidst a boom in gold production, Papua New Guinea's Lihir Gold Ltd. has retained its forecast for 2005 gold production, despite a slight decrease in first-quarter output. Meanwhile, Australian companies Sino Gold Ltd. and Harmony Gold Mining Co. Ltd. have reported declines in their gold output. Analysts are
