Copper price rising after Chile quake

SANTIAGO–Major copper mines slowly resumed operations on Sunday after central Chile suffered an earthquake that limited power supplies, which analysts fear could curtail exports by the No. 1 producer.

Ricardo Alvarez, manager at Chile's fourth-largest mine, El Teniente, said the recovery pace of output would depend on the electricity supply, which was partial.

Alvarez said the mine could slow extraction if power lags.

Copper prices surged in early trading Monday on supply worries caused by the 8.8 quake in Chile, jumping 5.6 per cent on the London Metal Exchange.

The tremor killed hundreds, with death tolls climbing, most of them south of the northern mine zone that forced Codelco to shut El Teniente and its Andina copper mine.

Production resumed at Anglo-American Los Bronces copper mine, union leader Eduardo Rocco said.

An Anglo American spokesman said there were no initial reports of major damage at the two mines, which together produce some 280,000 tonnes a year.

Chile's biggest mines produce a third of the world's copper.

Analysts feared supply disruptions from mid-sized deposits nearer Santiago would stoke prices.

Anglo American and Codelco halted output at four mines in total.

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China denies 'selective rescue' in Haiti

China angrily has denied accusations that its rescue team in Haiti was only searching for Chinese nationals missing after last week's devastating earthquake.

'Concerning the comments that Chinese rescuers only rescue Chinese, these comments are false and are made out of ulterior motives,' foreign ministry spokesman Ma Zhaoxu told reporters on Tuesday.

'The Chinese rescue team departed China immediately after the quake. They not only found the bodies of the Chinese peacekeepers, they also found the bodies of UN officers in Haiti and many others.'

The 60-strong Chinese medical team in Haiti has already treated more than 200 locals and China has air-lifted rescue supplies and aid to the devastated country, he said.

'These actions are not selfish and brook no accusations. The accusers should be accused,' Ma said, after media reports about China's contribution to the humanitarian operation in Haiti.

'Our rescue team and Chinese peacekeepers have made a great contribution to the relief efforts. We have won high appraisal from relevant parties, including the secretary general of the United Nations.'

Tens of thousands were killed in the 7.0-magnitude quake that struck Haiti on January 12, with an estimated quarter of a million injured and 1.5 million left homeless.

Ma said China would consider a UN request for nations to help provide an additional 3,500 peacekeepers to help maintain order in Haiti, but made no firm commitment.

The bodies of eight Chinese peacekeepers killed in the quake were on Tuesday repatriated and given a state funeral, including a procession down the Avenue of Heavenly Peace, the capital's main thoroughfare, past Tiananmen Square.

'They sacrificed their lives for the maintenance of peace. Here I would like to express deep condolences,' Ma said.

Source:bigpondnews.com/

Bodies of China peacekeepers lost in the earthquake in Haiti return

China honored its U.N. peacekeepers killed in the Haiti earthquake with a solemn ceremony yesterday marking the return of their bodies to Beijing.
Top police and military officers bowed three times before the eight coffins set out on the runway at Beijing's Capital Airport, in a ceremony broadcast live on nationwide television.

Delivering the eulogy, Zhou Yongkang, a member of the Communist Party's all-powerful Politburo Standing Committee, called them martyrs to the cause of world peace.

"Their actions won praise from the U.N. and glory for the Chinese nation," said Zhou, who like other officials present wore a black coat adorned with a white paper flower as a show of mourning.

About 125 Chinese police were in Haiti as part of a 9,000-strong U.N. peacekeeping mission seeking to maintain stability in the impoverished, politically volatile nation. The eight had been in a meeting with the head of the U.N. peacekeeping mission when the 7.0-magnitude quake struck on Jan. 12 and collapsed the U.N.'s five-story headquarters building.

Family members holding portraits of the dead led an honor guard carrying the flag-draped coffins to white minivans for the trip to Beijing's Babaoshan Revolutionary Cemetery.

Representatives of the military, police and paramilitary People's Armed Police - including some wearing the uniform and light blue berets of U.N. peacekeepers - saluted as the convoy pulled away. Hundreds more stood at attention as it arrived at the cemetery, where leading communists and other honored citizens are interred, while crowds with banners of admiration and mourning lined the route through downtown, which was closed to traffic for more than 10km (6 miles).

The eight were formally named revolutionary martyrs, an honor that confers additional financial compensation for their families, as well as assistance with employment and education.

The ceremony's high profile underscores the importance Beijing attaches to peacekeeping missions. China is taking an increasingly active role in U.N. affairs accordant with its status as one of five veto-wielding permanent members of the Security Council.

The seven men and one woman, aged 35 to 60, included four members of the peacekeeping contingent and four members of a delegation from the Public Security Ministry's equipment, finance and international cooperation departments.

The oldest member of the delegation, Guo Baoshan, had planned to return to his hometown in the northeastern province of Liaoning for the Lunar New Year holiday in mid-February, said a relative quoted by the official Xinhua News Agency.

Source:etaiwannews.com/