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EYEBROW

29 September 2017
Test edition
Test edition

Summary of this Test edition

EYEBROW

26 September 2017

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Preaching from the pulpit

Are the days when of CEO hypocrisy coming to an end?

Majors edge lower

Copper, iron ore prices down

Skyharbour upbeat on uranium market and exploration

Exploration kicks off by company and option partners

Leagold plans Brio takeover

Unveils plans for a US$264 million all-scrip offer

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Copper > Copper-news

"Chilean negotiations add a thicker layer of [copper] price support"

Chilean mines are set to negotiate contracts with 32 unions in 2018, Bloomberg reports, while negotiations globally could trigger disruptions at mines that Barclays estimates produce about 40% of supply.

Staff reporter

Copper > Copper-news

"Chilean negotiations add a thicker layer of [copper] price support"

Chilean mines are set to negotiate contracts with 32 unions in 2018, Bloomberg reports, while negotiations globally could trigger disruptions at mines that Barclays estimates produce about 40% of supply.

Staff reporter

"Chilean negotiations add a thicker layer of [copper] price support"

Big number of wage negotiations in 2018 set to test copper sector

Image: iStock.com/MarekUsz

The copper price breached US$7,000t last month on strike action in both Chile and Peru.

It had reached the $6,000t mark earlier this year as strike action took hold at BHP's (AU:BHP) majority-owned Escondida copper mine and the permitting dispute at Freeport-McMoRan's Grasberg copper-gold operations in Indonesia heated up.

"It's going to be pretty tough," Bloomberg Intelligence senior energy and mining analyst Andrew Cosgrove told the wire service.

"Copper price risks mainly come from the Chinese property sector, but the Chilean negotiations add a thicker layer of price support."

Meanwhile Chile's mining council, El Consejo Minero, recently released a study of the labour force which estimated the sector would need almost 30,000 new skilled workers in the next decade.

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