Chile

Chile sees $105bn mining investment in next decade

Cecilia Jamasmie | September 25, 2014
Chile sees $105bn mining investment in next decade

The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.

Thousands of workers begin strike at world’s biggest copper mine

Cecilia Jamasmie | September 22, 2014
Thousands of workers begin strike at world’s biggest copper mine

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

Polar Star and Iron Creek agree to merge polar star to acquire all of the outstanding common shares of Iron Creek

Iron Creek Captial Corp. | September 19, 2014

Polar Star Mining Corporation and Iron Creek Capital Corp. are pleased to announce that they have agreed in principle to merge the two companies via a statutory amalgamation, plan of arrangement or similar shareholder approved transaction (the “Transaction”), which will result in Polar Star acquiring all of the outstanding common shares of Iron Creek.

Escondida surprise lights fire under copper price

Frik Els | September 16, 2014
Escondida surprise lights fire under copper price

News of labour action at world's largest copper mine sends red metal 2.6% higher.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Cecilia Jamasmie | September 9, 2014
Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Colbun hopes to keep the massive $9 billion HidroAysen power project alive.

First female fatality in Chile’s mining industry

Cecilia Jamasmie | September 8, 2014
First female fatality in Chile’s mining industry

A 25-year-old female truck driver died when her vehicle flipped over near Antofagasta Minerals' Los Pelambres copper mine.

About 20% of Chile’s largest copper mines closed or reconverted by 2025

Cecilia Jamasmie | September 8, 2014
About 20% of Chile’s largest copper mines closed or reconverted by 2025

From the 5.8 million tons of copper produced last year, 1.2 million tons came from operations that are facing closure or conversion in 10 years.

Anglo American to pay $4.5m for environmental breaches in Chile

Cecilia Jamasmie | September 3, 2014
Anglo American to pay $4.5m for environmental breaches in Chile

Authorities say the firm violated 16 environmental rules at El Soldado copper mine, located about 130 km northwest of capital Santiago.

Tension building up in the global copper market

SNL Metals & Mining | September 3, 2014
copper coils mining

Tension has been a feature of the copper market since the middle of last year but, so far, the net result has generally been stalemate and prices have moved sideways.

Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Cecilia Jamasmie | September 2, 2014
Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Deutsche Bank analysts foresee a 2% to 3% earnings increase for the miners.

Codelco production up, copper price slump trims down profit

Cecilia Jamasmie | August 29, 2014
Codelco production up, copper price slump trims down profit

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Executive changes at Antofagasta Minerals, chairman stepping back

Cecilia Jamasmie | August 21, 2014
Executive changes at Antofagasta Minerals, chairman stepping back

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Cecilia Jamasmie | August 14, 2014
Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Nickel price rally still has a long way to go

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

Japan, Chile sign mining deals

Cecilia Jamasmie | August 7, 2014
Japan, Chile sign mining deals

Japan already allocates 90% of its investment in Chile to mining.

Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

Cecilia Jamasmie | August 6, 2014
Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

This is the third project in the past four moths to be given the go-ahead after an initial unfavourable ruling.

Codelco’s new CEO to lead the copper miner’s $25 billion revamp

Cecilia Jamasmie | August 1, 2014
Codelco’s new CEO to lead the copper miner’s $25bn revamp

Nelson Pizarro (73) will carry out the biggest investment plan in Codelco’s history.

IMAGE GALLERY: Throwing the switch on KGHM's Sierra Gorda mine in the Atacama Desert

MINING.com Editor | July 31, 2014
feat sierra gorda

The143-kilometre seawater pipeline is operational

Barrick mothballs Pascua-Lama

Frik Els | July 31, 2014
Barrick mothballs Pascua-Lama

Toronto-based miner has already spent $5 billion on the Chile-Argentina project first launched in 2006.

BHP firing 6% of workforce in Chile’s Pampa Norte division

Cecilia Jamasmie | July 30, 2014
BHP firing 6% of workforce in Chile’s Pampa Norte division

Division encompasses the Spence and Cerro Colorado copper mines.

Codelco delays $6.8 billion mine expansion, reviews impacts on glaciers

Cecilia Jamasmie | July 25, 2014
Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

The company says its future depends on the Andina mine expansion, as dwindling ore grades in its old mines are expected to bring annual output down.

Chile’s Escondida mine boosts BHP copper output

Cecilia Jamasmie | July 24, 2014
Chile’s Escondida mine boosts BHP copper output

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Barrick Gold ousts CEO Sokalsky in major shakeup

Cecilia Jamasmie | July 16, 2014
Jamie Sokalsky

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

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