Chile Peso at 8 month High!
The Chilean peso closed at an eight-month high against the U.S. dollar Friday, after recovering from an early session tumble. The peso ended the session at CLP559.00 to the dollar, compared with CLP561.80 the previous session, after moving in a CLP558.50 to CLP562.30 range. The peso opened weaker on the consumer price and industrial production [...]
Chile Lomas Bayas miners strike for sixth day
By Admin | May 11, 2009
Comments OffMine workers at Xstrata’s (XTA.L) Lomas Bayas copper deposit in northern Chile continued to strike for a sixth day on Monday, after wage talk negotiations with the company failed. The Lomas Bayas deposit, which is located in Chile’s Atacama desert, has an annual output capacity of around 75,000 tonnes of copper. Chile is the biggest [...]
