This was the second time that Antamina’s workers down tools in about a month over demands for a bonus and other benefits.
Forget iron ore for now, the world’s largest mining company is making a bold bet on copper.
Unionized workers at Antamina downed tools at midnight Wednesday.
Glencore says 2015 supply forecasts are way too optimistic and the Swiss commodities giant has the charts and tables to prove it
Rio Tinto CEO credentialing ahead of another round with "combative" Ivan Glasenberg.
News feeds long-standing hopes of a mine reopening and job generation in the impoverished area.
Walsh emphasized Rio was not planning any major acquisition to protect itself from a potential takeover by the commodity trader and miner rival.
End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.
The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.
By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.
But unionized workers insist on claiming that Antamina's output would likely drop by at least 90%.
The mine and rail project in Queensland's Galilee Basin is expected produce 60 million tonnes of thermal coal a year.
The move will cut the miner's output by 5 million tonnes — 2.5% of Australia's forecast 2014 thermal coal exports — and force about 8,000 workers to take a leave.
The company is defying coal price slump with increased production driven by expansions at its Australian mines.
The move is seen by analysts as an attempt to strengthen the firm’s image.
Workers downed tools Friday after talks over the structuring of packages for employees who face lay offs hit a roadblock.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
And the rapid fall in the iron ore price, the Sierra Leone miner's dispute with Glencore and the slow rampup. But especially Ebola.
Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.
The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.
Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.
The commodities trader and miner explored a stock-exchange listing Down Under.
The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.
Transaction marks the end of a dreadful venture for the mining giant.
It’s good to be Ivan Glasenberg’s neighbour.
Preferring to "successfully execute" alone.
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