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.
Indonesian workers end strike at biggest gold mine
Thousands of workers at one of the world’s biggest gold and copper mines started returning to work Wednesday, ending a nearly two-week strike that brought operations to a standstill.
Union chief Sudiro, who goes by only one name, said the decision was made after Freeport-McMoRan’s management agreed to reinstate six fired labor leaders and reopen negotiations about wages and benefits on July 20.
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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.