News Roundup for Overseas Copper Markets

SHANGHAI, Nov 15 (SMM) – This is a news roundup for overseas copper markets last week.

1. Australia's Newcrest Mining has reached an agreement to acquire all outstanding common stock that Premium Resources does not already own for $2.8 billion.

2. Chilean state-owned mining company Codelco said on November 9 that a landslide occurred on a slope of its Minstro Hales copper mine, but the incident did not affect the safety of workers or damage to equipment, and operations were not affected.

3. Chile's National Copper Commission Cochilco stated on November 8 that by the end of this decade, the country will receive $68.9 billion in mining investment, which is 6.9% lower than the previous forecast because two projects were removed from the pipeline.