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18.10.26 - 02:45
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5 Challenges Facing South America′s Copper Boom (ZeroHedge)
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5 Challenges Facing South America's Copper Boom
Authored by Charles Kennedy via OilPrice.com,
Escondida supervisors, about 1,020 workers at the world's largest copper mine, said they would strike at 8 a.m. local time Wednesday, a week after workers walked out at Centinela.
Chile's August copper output fell 12.8% to 369,500 tons, the lowest monthly total since February 2011, and a fatal landslide hit Codelco's El Teniente on Sunday.
The IEA still sees primary copper supply about 25% short of requirements by 2035, while Peru targets $33 billion in mining investment and Argentina's Vicuña aims for a final investment decision by year-end.
Supervisors at BHP's Escondida, the world's largest copper mine, said they would strike at 8 a.m. local time Wednesday after government-led mediation failed to produce a contract. The union represents about 1,020 workers at a mine that supplies roughly a quarter of Chile's copper, and the stoppage follows a walkout at Antofagasta's Centinel...
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