×

Materials and Metals Metals and Mining

  • *Workers at Peru copper mine began strike on Friday. LONDON, March 13- The price of copper rose 1 percent on Monday to its highest level in over two weeks, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week. in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per...

  • *Russian oil major says U.S. shale growth imperils OPEC deal. NEW YORK, March 13- Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over OPEC's efforts to restrict crude output and reduce a global glut. Brent crude futures fell 7 cents to $51.30 a barrel by...

  • HARARE, March 13- Zimbabwe's mining output is under threat because banks are delaying processing foreign payments by up to three months due to a shortage of dollars, the southern African country's mining chamber warned on Monday. Zimbabwe introduced a so-called bond note currency, which is denominated in U.S. dollars, in November in a bid to ease cash shortages,...

  • *Duterte says he'll do what's necessary to preserve land. MANILA, March 13- Philippine President Rodrigo Duterte on Monday accused some miners of funding efforts to destabilise his government as he talked about a possible plan to impose a ban on mining given the environmental damage producers have caused. Duterte, who has said the Southeast Asian nation can...

  • *Duterte says he'll do what's necessary to preserve land. MANILA, March 13- Philippine President Rodrigo Duterte on Monday accused some miners of funding efforts to destabilize his government as he talked about a possible plan to impose a ban on mining given the environmental damage producers have caused. Duterte, who has said the Southeast Asian nation can...

  • *Workers at Peru copper mine began strike on Friday. LONDON, March 13- Copper rose 1 percent on Monday, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week. in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per month.

  • *Workers at Peru copper mine began strike on Friday. LONDON, March 13- Copper rose 1 percent on Monday, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week. in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per month.

  • *Rosneft sees "significant risk" OPEC won't extend cuts. MOSCOW, March 13- A recovery in U.S. oil output may deter OPEC and non- OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia's top oil major said on Monday. Russia agreed to join OPEC supply curbs late last year despite initial opposition from Rosneft's boss Igor...

  • LONDON, March 13- Iran has signed a $1 billion deal with private investors to develop Mehdiabad, one of the world's largest zinc mines, which it expects will go on stream in the next four years and produce 800,000 tonnes of zinc concentrate per year. The Iranian Mines and Mining Industries Development and Renovation Organisation said in a weekend statement it...

  • LONDON, March 13- Iran has signed a $1 billion deal with private investors to develop Mehdiabad, one of the world's largest zinc mines, which it expects will go on stream in the next four years and producing 800,000 tonnes of zinc concentrate per year. The Iranian Mines and Mining Industries Development and Renovation Organisation said in a weekend statement it...

  • *Workers at Peru copper mine began strike on Friday. LONDON, March 13- Copper rose 1 percent on Monday, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week. in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per month.

  • MANILA, March 13- Philippine President Rodrigo Duterte on Monday accused some miners of funding efforts to destabilise his government as he talked about a possible plan to impose a ban on mining given the environmental damage producers have caused. Duterte, who has previously said the Southeast Asian nation can survive without a mining sector, added at the...

  • MANILA, March 13- London copper futures rose the most in three weeks on Monday, propped up by a softer dollar and supply disruption concerns following an indefinite workers' strike at Peru's top copper miner. Workers at Freeport-McMoRan's Cerro Verde in Peru started an indefinite strike on Friday that halted output of about 40,000 tonnes per month.

  • MANILA, March 13- London copper futures rose for a second straight session on Monday, propped up by a firmer euro and supply disruption concerns following an indefinite workers' strike at Peru's top copper miner. *The most-traded copper on the Shanghai Futures Exchange gained 1.1 percent to 47,090 yuan a tonne. *Workers at Freeport-McMoRan's Cerro Verde started...

  • The world's two biggest mines, Escondida in Chile and Grasberg in Indonesia, are losing production daily due to a strike and an export ban respectively. Another major mine, Cerro Verde in Peru, is also facing an imminent walkout with unions planning a five-day strike starting on Friday. Yet the price of copper on the London Metal Exchange has retreated from its...

  • The world's two biggest mines, Escondida in Chile and Grasberg in Indonesia, are losing production daily due to a strike and an export ban respectively. Another major mine, Cerro Verde in Peru, is also facing an imminent walkout with unions planning a five-day strike starting on Friday. Yet the price of copper on the London Metal Exchange has retreated from its...

  • SANTIAGO, March 10- Chile's Escondida copper mine, the largest in the world, has invited its union to resume talks as a first step towards ending a month-long strike, it said Friday. The strike, which began Feb.9 and has lasted for 30 days, is the longest in Escondida's history. Union spokesman Carlos Allendes said earlier Friday that the company had not been in...

  • LIMA, March 10- Workers at Peru's top copper mine, Freeport-McMoRan's Cerro Verde, started an indefinite strike on Friday that halted 95 percent of production of about 40,000 tonnes per month, the union said. Freeport said in a statement that Cerro Verde was "operating and continues to engage in constructive discussions with the Union and the company's...

  • HOUSTON, March 10- Canadian Prime Minister Justin Trudeau on Friday dismissed a recent string of major oil companies selling their holdings in the heavy oil sands of Western Canada and moving investments to shale fields. He also said Canada and the United States are working on border issues, including migration and trade. Promoting both renewable and...

  • SANTIAGO, March 10- Chile's Escondida copper mine, the largest in the world, has had a preliminary conversation with its union as a first step towards ending a month-long strike, a source with knowledge of the situation told Reuters Friday. Escondida, controlled by BHP Billiton, is preparing a new contract offer that seeks to address some of the concerns of the...