Peru’s violent protests imperil 30% of its copper output
The unrest also jeopardizes the rollout of $53.7 billion in possible investments at a time when the world needs to accelerate decarbonization.
Freeport’s massive Grasberg copper-gold mine strikers call for Moffett
A strike paralyzing production at Freeport Indonesia’s Grasberg mine, one of the world’s largest sources of copper and gold, will extend into a second week after talks broke down between the company and workers, a union official said on Friday.
The union, which represents 8,000 workers who have been on strike since Monday, asked U.S.-based Freeport-McMoRan Copper & Gold (FCX.N) to send Chairman James Moffett to the remote Indonesian mine to negotiate.
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Gold stock sentiment neutral
The gold miners’ stocks are continuing to power higher in a strengthening upleg.
Copper price down as week-long holiday in China pauses rally
LME copper has gained 11% so far this month, on track for its biggest monthly rise since April 2022.
Fortuna Silver trims Yaramoko reserve estimate after evaluation, drill work
The Yaramoko project was acquired by Fortuna in July 2021 as part of its takeover of Roxgold.