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Kamoa-Kakula achieves another monthly development record
Ivanhoe Mines announced Monday that the underground development of the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC) reached 2,172 meters in October, a new monthly record. The result brings the total underground development to 24.7 kilometers,...
Candelaria Copper Mine in Lundin, Chile offers new agreement to end the strike
The Candelaria Copper Mine in Chile, owned by Canadian company Lundin Mining, has submitted a new contract offer in an attempt to end a strike lasting almost a month. Members of the "Mina" union stopped activities on October 8 after negotiations collapsed. Since then,...
Overview Market Close – November 02, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 26,925.05 +423.45 +1.60% S&P 500 INDEX 3,310.24 +40.28 +1.23% NASDAQ COMPOSITE 10,957.61 +46.02 +0.42% NYSE COMPOSITE INDEX 12,662.17 +232.89 +1.87% S&P/TSX COMPOSITE INDEX 15,696.87 +116.23 +0.75%...
Global ferrous scrap prices on the rise
Global scrap iron prices have bounced this week due to availability problems. Turkish buyers continued to book bulk scrap shipments from different sources for end-November to early December shipments. Steel buyers and producers believe it is best to restock their...