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Chile copper output rises 7.8%
Copper output in Chile, the world's biggest producer, rose 7.8% in August from a year earlier after state-owned Codelco and BHP Billiton boosted production, the government said.
Output increased to 459,823t from 426,689t a year earlier, the country's national statistics agency said in a statement distributed in Santiago today.
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Likewise, as this next article exhibits, BHP’s full year profit forecast may be substantially larger than previously thought…
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BHPB profit forecast raised 22% on copper, RBS says
BHPB's profit after tax may be US$10.68 billion in the year ending June 30, analysts led by Warren Edney said in a report dated yesterday. Profit may be US$14.9 billion in the year ending June 30, 2011, up 11% on an earlier forecast, he said.
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However, we’ll see how this all plays out when BHP’s workers meet next week to vote a potential strike
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BHPB Chile copper workers to vote on strike next week
BHP Billiton workers at the Spence copper mine in Chile will vote whether to go on strike next week after rejecting the company's latest pay offer, a union official said...
Workers may start a strike on October 3 for an indefinite period if they fail to get more of a pay increase, Mr Ramirez said yesterday...
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All while yet another big player in the copper sector ups their 2010 forecast of avg copper prices
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Chile's Sonami sees 2010 avg copper price $2.50/lb
Chile's second biggest mining association, Sonami, expects the average price of copper to rise by up to 19 percent next year, which might encourage the continuation of more copper projects in the South American nation, its president told Reuters on Monday.
The average copper price may rise to $2.50 per lb in 2010 from an average of $2.10 to $2.30 this year, Sonami's Alfredo Ovalle said in an interview at a forum in Santiago.
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