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1Vote!

Southern Copper's Stock Split Doesn't Hurt Its Fundamentals One Bit

Otto Rock submits: After the bell Wednesday, Southern Copper Corp (PCU) announced a 3 for 1 stock split to happen July 10th to shareholders of record 30th June (i.e. end 2Q08). I'm not a fan of these things, but some traders play the bumps made by hot splitting stocks and swear by the action it gives them. The downside to splitting a stock with a fairly low amount of shares out (it’ll...

+Vote!

More on Southern Copper (PCU)

Geddit? Oh never mind............ After the bell today, Southern Copper Corp (PCU) announced a 3 for 1 stock split to happen July 10th to shareholders of record 30th June (i.e. end 2q08). I'm not a fan of these things, but some traders play the bumps made by hot splitting stocks and swear by the action it gives them. The downside to splitting a stock with a fairly low amount of shares...

+Vote!

First Solar Inc. flourished in 2007

Shares of Phoenix-based Southern Copper Corp., which conducts mining and metallurgical activities primarily in Mexico and Peru, bested nearly all publicly traded Arizona companies last year by soaring more than 110 percent.

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Peru Miners on Strike

Otto Rock submits: Peru's miners are on indefinite strike as of Monday, June 30th. That's the message from the syndicate leaders, and the whole thing is about better pay, conditions etc etc. Those with holdings in Southern Copper Corp (PCU), Compania de Minas Buenaventura ( BVN) and other miners with Peru exposure such as Freeport-McMoRan ( FCX) need to know how the land lies on this...

+Vote!

Peru police hostages freed by mine protesters

Residents of Moquegua province have occupied roads, including the main highway to Chile, and severed access to the Ilo smelter and Cuajone mine of Southern Copper Corp, Peru's top copper producer, to demand that their province receive a bigger share of taxes paid by the company.

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Peru scrambling to overcome provincial blockade

By Marco Aquino and Terry WadeLIMA, June 18 (Reuters) - Peruvian police, trying to avoid violence and establish order in a rebellious province, dropped leaflets from helicopters on Wednesday urging protesters to end the week-long blockade of a top mining region.Residents of Moquegua have occupied roads, including the main highway to Chile, and severed access to the Ilo smelter and Cuajone mine of ...

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48 police released by Peru mining demonstrators

... in the city of Moquegua to underline their demands for more income from the Mexican copper firm Southern Copper Corp. President Alan Garcia's chief of staff Jorge del Castillo said the government would end talks if the demonstrators didn't release the officers. "All the police officers have now been freed," del Castillo told Radioprogramas radio station. "With this condition met,...