Contract workers blocked some roads to Chile’s Escondida copper mine, the world’s largest, on Thursday in a bonus dispute, although production operations weren’t halted, reports local newspaper La Tercera.
Escondida, owned by BHP Billiton (NYSE: BHP), produced 819.261 tons of copper last year.
For the first quarter of 2012, the Company produced approximately 4.4 million pounds of molybdenum at an average cash cost of approximately $13.00 per pound produced (excluding commissioning and start-up costs at the Endako mine) and sold approximately 4.9 million pounds of molybdenum from its mines, for an average realized molybdenum sales price per pound for the quarter of approximately $14.75. For the first quarter of 2012, the Thompson Creek mine produced approximately 3.4 million pounds of molybdenum at a cash cost of approximately $10.35 per pound produced and the Company’s share of production from the Endako mine was approximately 1 million pounds of molybdenum for the first quarter at a cash cost of approximately $22.00 per pound produced.
The community of whom we now read will collapse; the people will disperse; the mine will need perpetual care; and the story will be less upbeat than we read now. Yet workers in Cement plant , their children, and their grandchildren will move, spread, go other places, do other things, solve other problems, create other great works, and be good mothers & fathers. Some may become miners; some may become artists; some may marry same-sex lovers.
It matters not what the details are. If only we support this mine, responsible mining, planned closure, fiscal decency, and the freedom of the individual to do what is in their heart and mind, the current Fort Know miners and the progeny will make the world a better place.
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