BHP knocks down 2017 copper guidance beyond, after Escondida mine strike

Today's Important: Australia Consumer Price Index (CPI) QoQ fell to the actual 0.5% (while the expected forecast was 0.6%) Canada Core Retail Sales MoM rose to actual 1.7% (even if expectedwas 1.1%) United States Crude Oil inventories to actual - 1.034M (forecast: -1.470M)   Escondida Mine, Chile Escondida mine strike lead to huge output reductions. [...]

By | 2017-04-26T06:23:21+00:00 April 26th, 2017|International|0 Comments

Rising Tensions in Grasberg; Mine workers planning one-month strike in May

  Grasberg Mine, Indonesia Tensions are increasing around Grasberg, the world's second-biggest copper mine. It is happening because operator Freeport laid off thousands of workers. In order to retain losses from an underway argument with the Indonesian government, over mining rights. Firstly, copper miner Freeport-McMoRan Inc. warned it will punish workers for absenteeism at its [...]

By | 2017-04-21T17:33:03+00:00 April 21st, 2017|Financial, Governments, International|0 Comments