Antofagasta Minerals Mining News

Antofagasta bullish on copper as earnings jump

The company expects demand to increase 3% this year, while no new mines are scheduled to come online in the short-term and supply disruptions continue.

Antofagasta's Los Pelambres mine faces potential $24 million fine, closure

Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.

Antofagasta lowers full-year copper output target, says surplus shows little sign of easing

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

Antofagasta copper veteran Hernandez retires, Arriagada named new CEO

The appointment is effective immediately and Hernandez, who had been CEO since 2014, will remain as an adviser to the board.

Copper prices plummet on China worries, oil collapse

The London Metal Exchange’s three-month copper contract fell as much as 1.4%, the most since Feb. 10, to $4,580 a metric ton.

Chile’s court decision on whether force Antofagasta knock down Los Pelambres mine dam imminent

Locals claim the dam has diverted the course of a local estuary, causing water shortages at a time of drought.

Barrick completes sale of 50% of Zaldívar copper mine to Antofagasta

The proceeds of the sale will be used to reduce a debt pile of $13 billion with a target of wiping out $3 billion this year.

Most copper producers in Chile barely breaking even — mining group

The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.

Codelco, Antofagasta halt operations after Chile earthquake

The companies said no damages have been registered at the mines, but operations were cancelled for safety reasons.

Antofagasta cuts copper output forecast for the year

This is the second time this year that the London-listed miner slashes its annual copper production guidance.

Thiess wins $137 million Chilean copper mine contract

Mine will produce 50,000 tonnes of copper cathode per year.

Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Antofagasta cuts copper output forecast over rain, protests in Chile

Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.

Antofagasta's Los Pelambres mine is safe — Chile’s court

La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.

World’s largest copper producer Chile slashes 2015 output forecast

Mostly due to a lower estimate from Anglo American's projects and the Zaldivar mine, which is operated by Barrick.

Chile’s court halts operations at Antofagasta copper warehouse

This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.

Antofagasta to appeal order to knock down Los Pelambres mine dam

The ruling claims the dam has diverted the course of a local estuary, causing water shortages at a time of drought.

Antofagasta expects slightly weaker-than-expected copper output

Chilean mining firm Antofagasta expects a smaller-than-expected increase in production this year after posting annual output for 2014 in line with its guidance.

Larger players account for 40% of global exploration budgets

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.