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Copper: Codelco makes agreements with the unions of Chuquicamata
Chilean state-owned mining company Codelco, the world's largest copper producer, reported Tuesday that it has reached early contractual agreements with three unions at its century-old Chuquicamata mine. Unions at the deposit, which is involved in a major project to...
Scrap: South Korea’s consumption expected to rise to 30% in coming years
South Korean steel mills' scrap demand is expected to rise 30% to around 7 million tons in the coming years. South Korean steel giants POSCO and Hyundai Steel have already stepped up efforts to reduce hot metal production at blast furnaces in an effort to become...
Nickel: Wyloo Metals Pty increases its offer to buy Noront Resources Ltd
Wyloo Metals Pty Ltd, owned by billionaire tycoon Andrew Forrest, has increased its bid to buy Canadian nickel explorer Noront Resources Ltd, reigniting a battle with rival suitor BHP Group after talks broke down over a compromise deal. The mining heavyweights are...
Copper: Peru’s proposal to raise mining taxes risks $50 billion in investments
Peru's mining chamber on Monday criticized the government's proposal to raise taxes on the sector by at least 3 percentage points, saying it would put more than $50 billion in future investments by the world's second-largest copper producer at risk. Peru's Finance...