Miners strike

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Miners strike

#68415 08/08/06 06:18 AM

Joined: Apr 2006

Posts: 233

Scotland

K

Kenbo

OP

Member

Just watching the international news this morning and seen that the miners at the largest copper mine in the world have gone on strike for better pay and conditions. Missed the beginning so missed where it is but the footage looked like they ment buisness. Puting rocks on the road to stop access.

Copper price to rise again :-0

der Großvater

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Re: Miners strike

#68416 08/08/06 09:49 AM

Joined: Apr 2004

Posts: 349

Los Angeles

Radar

Member

Time to look into copper futures prices?

There are 10 types of people. Those who know binary, and those who don't.

Re: Miners strike

#68417 08/08/06 05:00 PM

Joined: Mar 2005

Posts: 1,803

Mayenne N. France

Alan Belson Offline

Member

Prices and stock futures are slowly heading down. In fact, most mines are struggling. The strike BTW is at Escondida[sp?] Chile [8% of world production]; workers want a 17% payrise based on the current high metal price. NY exchange was down on the belief the company can ride out the strike with stocks. A massive putative find in Austalia may depress prices, currently around US $7000 a ton = C.$3.50 / lb. The 27c shares in this Oz mine - trading suspended at $10, so too late again!

Alan

Wood work but can't!