Phase: Operation
Country: Chile
Owner/Operator(s): Antofagasta PLC
Categories: Copper Mines
Updated: 13 Jan 2011

Cerro Verde Copper Mine News

Freeport CEO: 2012 Capex To Rise To $3.7 Billion

SOURCE: Dow Jones Newswires | 19 October 2011

Freeport-McMoRan Copper & Gold Inc.'sspending on its projects will likely rise 37% in 2012, as three major copper expansions are due to be approved.

Workers Continue Strikes At Key Peru Copper, Iron Ore Mines

SOURCE: Dow Jones Newswires | 08 September 2011

Workers at one of Peru's biggest copper mines and the country's only iron ore operation continued their strikes on Thursday to demand higher pay, the president of the striking union said.

Peru's Cerro Verde 1Q Net $367.7 Million Vs $241.3 Million

SOURCE: Dow Jones Newswires | 02 May 2011

Copper miner Sociedad Minera Cerro Verde SAA posted first-quarter net income of $367.7 million, compared with $241.3 million in the same quarter last year, due to rising copper prices and increased sales.

Peru's Election, Possible New Taxes Raise Risks For Miners

SOURCE: Dow Jones Newswires | 19 April 2011

In public, mining companies working in Peru appear unfazed by the result of the first-round presidential election, which brought the possibility of higher mining taxes and more state control of mineral assets.

Celfin Capital Sees Cerro Verde Investing $2.5 Billion In Peru

SOURCE: Dow Jones Newswires | 18 March 2011

Celfin Capital said Friday that it expects copper-mining company Sociedad Minera Cerro Verde SA to invest $2.5 billion in Peru to increase capacity to 220,000 tons a day from a current 120,000 tons a day of copper.

Buenaventura Considering Latin America Acquisitions

SOURCE: Dow Jones Newswires | 04 March 2011

Peruvian metals miner Compania de Minas Buenaventura SAA is considering the purchase of other precious metals assets in Latin America as it also plans to expand its own projects.

Buenaventura To Decide On Big Peru Copper Mine Output Boost Soon

SOURCE: Dow Jones Newswires | 25 February 2011

Peruvian miner Compania de Minas Buenaventura SAA said Friday a decision on whether to double or triple copper production at the Sociedad Minera Cerro Verde SA mine will be taken in the next few weeks.

Peru's Cerro Verde Q4 Net $374.9Mln Vs $244.6Mln

SOURCE: Dow Jones Newswires | 08 February 2011

Copper mining company Sociedad Minera Cerro Verde SAA posted fourth-quarter net income of $374.9 million, compared with $244.6 million in the same quarter a year earlier, due to rising copper prices and increased sales.

Peru Cerro Verde Union To Meet Company Over Strike Threat

SOURCE: Dow Jones Newswires | 12 January 2011

Unionized workers at copper mining company Sociedad Minera Cerro Verde SAA, controlled by U.S.-based Freeport-McMoRan Copper & Gold Inc., will decide whether to continue with threatened strike action following another meeting with company representatives later Wednesday.

Peru's Cerro Verde Copper Mine Union Threatens Strike

SOURCE: Dow Jones Newswires | 06 January 2011

Unionized workers at copper mining company Sociedad Minera Cerro Verde SAA, controlled by U.S.-based Freeport-McMoRan Copper & Gold Inc, are threatening to walk off the job in mid-month.

Celfin Capital Starts Peru's Cerro Verde With Buy Rating

SOURCE: Dow Jones Newswires | 19 November 2010

Celfin Capital said Friday that it has started coverage of Peruvian copper miner Sociedad Minera Cerro Verde SAA with a "buy" recommendation and a year-end 2011 price target of $50.55 per share.

Peru's Cerro Verde 3Q Net $304.1 Million Vs $198.1 Million

SOURCE: Dow Jones Newswires | 29 October 2010

Copper miner Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) posted third-quarter net income of $304.1 million, compared with $198.1 million in the same quarter a year earlier, due to rising copper prices and increased sales.

Peru's Cerro Verde Seen Boosting Copper Output By End Of 2010

SOURCE: Dow Jones Newswires | 21 July 2010

Sociedad Minera Cerro Verde SAA (CVERDEC1.VL) is expected to increase copper production to 120,000 metric tons per day, from 108,000 tons per day, by the end of the year.

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