State-owned CODELCO selected Aggreko after an intense bidding process, primarily due to the company’s ability to commit to plant installation within two months.

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The copper market in July established new highs and created stable corrective movements afterwards. At the beginning of the month, the market broke June’s high at 7,773, dynamically moving upwards. The next couple of weeks in July brought depreciation of copper, which seemed to be a corrective movement. July’s high reached 8,280. A little bit lower than the April 2007 high at 8,363. Due to this fact, the mentioned correction should have not been a surprise, since it is a form of stabilization be

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With high probability it can be stated that it is the end of the corrective movement on the copper market.

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British mining group Anglo American said Wednesday it would invest 1.7 billion dollars (1.2 billion euros) to boost copper output at its Los Bronces mine in Chile to 400,000 tonnes a year by 2011 from 226,000.

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Two Chinese companies have offered 450 million dollars for Canadian copper assets in Peru as part of China's push for natural resources in South America, state press said Tuesday.

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The construction of a Chinese copper smelter in Zambia will resume next week after days of unrest which led to the sacking of some 500 workers over labour disputes, the company announced Saturday.

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Chilean state-run mining group Codelco, the biggest copper producer in the world, was struggling Tuesday with a strike that has halved its output and is costing it 10 million dollars a day.

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