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#68415 - 08/08/06 06:18 AM Miners strike  
Kenbo  Offline
Member
Joined: Apr 2006
Posts: 233
Scotland
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 Gro├čvater

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#68416 - 08/08/06 09:49 AM Re: Miners strike  
Radar  Offline
Member
Joined: Apr 2004
Posts: 349
Los Angeles, CA
Time to look into copper futures prices?


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

#68417 - 08/08/06 05:00 PM Re: Miners strike  
Alan Belson  Offline
Member
Joined: Mar 2005
Posts: 1,803
Mayenne N. France
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!


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