[December 28, 2005] DJ BASE METALS UPDATE: Codelco: Late Shift Workers Show Up Tweet (Comtex Finance Via Thomson Dialog NewsEdge)TOP STORIES: SANTIAGO, Dec 28, 2005 (Dow Jones Commodities News via Comtex) --Chile Codelco: Evening Shift Contract Workers Not Striking The thousands of unionized contract workers at state copper giant Corporacion Nacional del Cobre de Chile that threatened to strike Wednesday went to work as usual for the overnight shift, according to sources at the Norte division. Indonesian General Admits Taking Cash From Freeport -Report JAKARTA (AP)--A senior Indonesian general has admitted that the military received massive payments from a U.S. mining company for providing security at a gold and copper mine in the remote eastern province of Papua, a newspaper reported Thursday. Mexico's October Mining Production Up 14.9% On Year MEXICO CITY (Dow Jones)--Mexico's mining production rose sharply in October, with greater output of silver, gold, copper and other metals, the National Statistics Institute, or Inegi, said Wednesday. STORIES OF INTEREST: Comex Copper Shows Little Reaction To Codelco Situation NEW YORK (Dow Jones)--Copper futures on the Comex division of the New York Mercantile Exchange have failed to react to ongoing news of a possible strike at Chile's state copper giant Corporacion Nacional del Cobre de Chile, or Codelco, on Wednesday. Chile Mining Minister: Strike Won't Affect Codelco Output SANTIAGO (Dow Jones)--Copper giant Corporacion Nacional del Cobre de Chile won't see its output drop if unionized contract workers carry out their strike threat in the hours ahead, Mining Minister Alfonso Dulanto said Wednesday. Eramet: Paris Court Rejects Appeal Against Falconbridge PARIS (Dow Jones)--French mining company Eramet SA (13175.FR) on Wednesday lost its Paris court appeal against Canada's Falconbridge over control of the Koniambo nickel project in New Caledonia off New Zealand. Chilean Markets Reacting Calmly To Codelco Strike Threat SANTIAGO (Dow Jones)--Despite a looming labor conflict at Corporacion Nacional del Cobre de Chile that pushed copper prices to a nominal record high, local markets reacted calmly Wednesday as most Chilean investors have already closed their books for the year. Peru's Marcona Copper Mine Construction May Start In '07 LIMA (Dow Jones)--Canada's Chariot Resources Ltd.(CHD.T) expects construction at its Marcona copper project to begin in mid-2007 and the project to come on-stream by mid-2009, a company official said Wednesday. Swiss Corica Sees First Aluminum In Kazakhstan In Dec '07 MOSCOW (Dow Jones)-Switzerland-based Corica AG is planning to produce the first primary aluminium at the Kazakhstan Electrolysis Plant in December 2007 at a rate of 60,000 metric tons a year, Corica announced Wednesday. US Aluminum: Midwest Premium Steady Ahead Of New Year NEW YORK (Dow Jones)--The U.S. Midwest prompt aluminum premium over London Metal Exchange cash price is steady ahead of the New Year in a 5-to-5.5-cent range, traders and analysts said Wednesday. IAI: Nov World Aluminum Stocks 3.195M MT, Dn 30,000 MT LONDON (Dow Jones)--Total world aluminum inventories in November fell by 30,000 metric tons to 3.195 million tons, down from a revised 3.225 million tons in October, according to figures released Wednesday by the International Aluminum Institute. MARKETS: Comex Copper Review: Ends Higher After Subdued Session NEW YORK (Dow Jones)--Comex copper settled slightly higher on the day after a fresh contract high at the open turned into a flat session marked by little activity on Wednesday at the New York Mercantile Exchange. LME Review: Copper At New Record High On Strike Threat LONDON (Dow Jones)--London Metal Exchange copper hit a fresh record high in thin trade Wednesday on news of a strike threat at Chile's Codelco, traders and analysts said. China Copper Futures Settle Mixed; Rebound On Strong Cash SHANGHAI (Dow Jones)--Copper futures traded on the Shanghai Futures Exchange settled mixed Wednesday, with prices rebounding from a drop early in the session on strong cash values in the domestic market, traders said. -By Glenys Sim, Dow Jones Newswires; 65-6415-4083, [email protected] (END) Dow Jones Newswires 12-28-05 2333ET [ Back To TMCnet.com's Homepage ]