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Chilean authorities suspend Alcaparrosa operations due to giant sinkhole
Chile's National Geology and Mining Service, Sernageomin, has ordered the temporary suspension of operations at Lundin Mining's Alcaparrosa mine following the opening of a giant sinkhole above underground operations. The sinkhole, which emerged on July 30, is 50...
Copper: Anglo American appeals against rejection of El Soldado project
Anglo American plans to appeal the Chilean environmental commission's rejection of its $40 million continuing operations project for the El Soldado copper mine, 125 km north of the capital Santiago. Despite support from the country's top environmental assessment...
Industrial metals are supported by weakening dollar ahead of U.S. jobs report
Copper and most other base metals continued to find support in the weakening U.S. dollar Friday amid expectations of a slowdown in July job growth in the United States ahead of a much-anticipated jobs report later in the day. Copper prices posted a three-day loss...
Nickel: Sumitomo’s profit rises 45% in second quarter
Japanese trading company Sumitomo Corp said Wednesday that net profit for the April-June quarter rose 45 percent to a record high, thanks to higher prices for raw materials such as coal and nickel and strong demand for steel products in North America. Net income for...