|Bid||28.0000 x 0|
|Ask||29.5000 x 0|
|Day's Range||27.6200 - 27.6200|
|52 Week Range||22.3700 - 28.7000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chileans took to the streets again on Tuesday, pouring by the thousands into plazas and shutting down main boulevards in a sign that government promises of reform continued to fall short. President Sebastian Pinera's newly appointed spokeswoman Karla Rubilar condemned the previous night's mayhem, saying it did not reflect the wishes of the majority. Days earlier, more than a million Chileans marched peacefully against inequality in Santiago, the largest protest since Chile's return to democracy in 1990.
Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, had joined a nation-wide strike of state workers in a show of support for protesters' demands for action to tackle inequality in Chile.
Chilean President Sebastian Pinera said on Monday evening he would meet opposition leaders to forge a "new social contract" to alleviate inequality as thousands of Chileans defied a military curfew in protest marches around the capital. Pinera struck a conciliatory tone in a national address from the Moneda Palace in Santiago after declaring on Sunday from the city's military barracks that the country was "at war" against vandals, a statement that sparked outrage in some quarters. Thousands of Chileans poured into Santiago's central squares on Monday to protest high living costs after a weekend of looting, arson and clashes with security forces killed 11 people.
Chilean authorities scrambled on Monday to clear wreckage and re-open public transportation in the capital Santiago after a weekend of chaos in which at least seven people were killed amid violent clashes, arson attacks and looting in cities throughout Chile. Several Chilean cities were engulfed by days of riots, along with peaceful protests, after a hike in public transport costs. The violence prompted President Sebastian Pinera to declare a state of emergency, placing the military in charge of security in the city of six million.
The union of workers at BHP's Escondida copper mine will hold a day-long strike on Tuesday in a show of solidarity with protests in Chile, the union president told Reuters on Monday. Violent clashes, arson attacks and looting in cities throughout Chile led to at least seven deaths over a weekend marked by chaos in the world's top copper producing country. Escondida is the world's largest copper mine.
Chile´s mining industry was running as normal despite the violent protests that have rocked the capital, Santiago, and other cities across the world´s top copper producer, Mining Minister Baldo Prokurica said on Sunday. The protests over an increase in public transport costs prompted President Sebastian Pinera to reverse the fare hikes and declare a state of emergency. Prokurica told Reuters in an email that all of the country´s mines, including those owned by the world´s top copper producer, Codelco, were operating normally.
In 2017, the world's largest copper producer - Chile's Codelco - announced a plan to sell "green copper" at a premium price to customers using more sustainable practices like renewable energy and recycled water to cut its carbon footprint. The project has run aground however, Codelco insiders and an executive said, as the miner realised it would struggle to guarantee its copper's sustainability once it left the mine to be melted down and taken to market. Now, the world's largest miner of the prized red metal told Reuters it would drop the "green copper" plan piloted in one of its smaller mines in favour of a broader initiative to make its product more sustainable.
Investing.com - Asian equities were mixed in morning trade on Thursday. Hong Kong markets climbed, led by property developers after the government announced measures to ease the city’s housing shortage.
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The Church of England Pensions Board urged shareholder advisors on Wednesday to support a resolution asking the world's biggest listed miner BHP to leave groups which lobby for policies inconsistent with global climate change limitation goals. The board, which manages the retirement funds of clergy and other staff, has joined some other BHP shareholders in the resolution for BHP's London AGM next week to increase pressure over the issue and wants more shareholders to support it. "Corporate funding of lobbying, fuelled with shareholder funds, is continuing at pace," Adam Matthews, head of the board's ethics and engagement, said.
Cerrejon, one of Colombia's largest coal mines, will reduce its operations by up to 18% because of a fall in international prices and amid an ongoing court case, the company's chief executive said on Monday. Colombia, the world's fourth-largest exporter of coal, faces a potential spending crunch next year as royalties from the fuel decline amid a supply glut and slowing economic growth in China. Cerrejon, owned by BHP Group Ltd , Anglo American Plc and Glencore, will have output of just 26 million tonnes for the next five years, compared to the more than 30 million it was regular producing until last year, Chief Executive Guillermo Fonseca told local paper La Republica.
Production by Chile's state copper miner Codelco rose 9.3% year on year in August to 154,700 tonnes, but the total for the first eight months of 2019 dropped 8.4% to 1.06 million tonnes compared to the year-ago period, state copper commission Cochilco said on Monday. Production at BHP's Escondida copper mine, the world's largest, fell 8.5% year on year in August to 770,800 tonnes. At Collahuasi, majority owned by Anglo American and Glencore , production rose 0.5% year on year to 352,500 tonnes in August, the copper commission added.