Tag: copper

• Tuesday, February 8th 2011 - 16:29 UTC

  Chile exports increase 30% in 2010, led by copper and lumber sales

  

  Chile achieved a record year for exports in 2010, according to a report by ProChile. Exports in 2010 were valued to be 69.6 billion US dollars, up nearly 30% from the 2009 figure, 53.7 billion USD.

• Thursday, January 6th 2011 - 12:05 UTC

  Record prices for copper plummet the US dollar to new lows against Chilean Peso

  

  The US dollar ended 2010 at a record low vis-à-vis the Chilean peso which has soared on the strong global demand for copper, the country’s main export. On Friday December 31st the US dollar was operating at 467.30 and 467.80 in Santiago’s money markets, which is the lowest since May 19, 3008 with 467.40.

• Thursday, November 11th 2010 - 06:07 UTC

  India set to become second largest copper consumer by 2020

  

  COCHILCO, Chile’s copper commission, estimates that by the end of this decade, India’s demand for copper will rise from the current figure of 610,000 tons to between 2.4 million and 3.6 million tons annually.

• Saturday, October 9th 2010 - 00:15 UTC

  US dollar steady decline in Chile linked to rising copper prices

  

  The US dollar’s value against the Chilean peso experienced a sharp drop in the second semester of 2010. The exchange rate has been on a steady decline, devaluing by 63 pesos since July, until closing Wednesday at 482.7 pesos to the dollar – which was a daily drop of 0.4 pesos.

• Saturday, October 2nd 2010 - 06:07 UTC

  Chilean government copper related income estimated to double this year

  

  The Chilean government could see its copper-related income nearly double this year, according to Gustavo Lagos, of the Mining Centre at Universidad Catolica.

• Wednesday, September 1st 2010 - 19:56 UTC

  Rapid recovery and strong copper demand sustain Chilean Peso appreciation

  

  The Chilean peso rose on the first day of September, --and now stands at 500 to the US dollar--, as accelerating manufacturing growth in China improved the outlook for Chile’s raw material exports, mainly copper.

• Wednesday, May 5th 2010 - 06:14 UTC

  China’s Tightens Credit, Pushes Stock Markets to their Lowest in Seven Months

  

  China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.

• Friday, April 23rd 2010 - 03:17 UTC

  Forced by pickets Peru suspends 90 days controversial mining project

  

  Protesters in the southern Peruvian province of Islay ended their six-day general strike after the government agreed to temporarily suspend a controversial mining project.

• Friday, April 23rd 2010 - 01:40 UTC

  Chile’s nationalized copper company taps private sector CEO

  

  Chile’s nationalized copper company—and the largest copper company in the world—has a new CEO. Diego Hernández Cabrera, a current executive with International mining giant BHP Billiton, was appointed unanimously this week as CEO by Codelco’s board of executives.