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Codelco reaches contract agreement with El Teniente supervisors
Chile’s state-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors’ union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the covid-19 pandemic. The...
Iron ore price jumps to fresh 6-year high on China building boom
Iron ore prices hit fresh six-and-a-half year highs on Monday on the back of a Chinese construction and factory expansion boom. China is expected to set a growth target of 5.5% in its 2021–2025 economic development plan, the fourteenth five-year plan since 1953. While...
Grasberg mine will become an entirely underground operation
Phoenix-based Freeport McMoRan’s iconic Grasberg mine in the Papua province of Indonesia will become an entirely underground operation in a little over a year – nearly doubling copper and gold output in the process. Freeport Indonesia (PT-FI) expects this year’s...
BHP 30% by 2030 emissions reduction
BHP unveiled on Thursday details of a revamped strategy to cut operational emissions by 30% by 2030 from this year’s levels, but it stopped short of tackling Scope 3 emissions — those generated indirectly when consumers burn or process its oil, coal or iron ore. The...