Chile Mining News

Search for two workers trapped at Mandalay’s mine in Chile fails

Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.

Fiscal for two missing miners in Chile expects to learn the truth of what happened in Mandalay’s mine

One of the authorities involved in an investigation into Mandalay's mine accident earlier this month says at this point what matters is to learn the truth of what really happened.

SolGold up on Ecuador project results, Canada listing

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Chilean experts confirm Mandalay’s mine fully flooded, including trapped workers shelter

Chances of finding the missing workers alive are almost nil, they say.

Infographic | How copper riches helped shape Chile's economic story

Today, Chile is the world's top copper producer with 7 of the 14 biggest mines globally. But it wasn't always that way...

How copper riches helped shape Chile’s economic story

Although Chile has always been noted for its abundant mineral wealth, the country was actually not a notable copper producer even at the beginning of the 20th century.

Mandalay’s mine fully flooded, trapped workers unlikely to be alive — Chile’s Army

A waterproof camera is expected to reach Monday the area where the miners are believed to have been working and where the shelter is located.

Heavy snowfall disrupts rescue of workers trapped at Mandalay’s mine in Chile

It’s unknown whether the two workers are alive, as authorities have been unable to make contact with them.

SolGold soars after raising more than $41 million via share placing

The placing is at a 15% premium to SolGold's closing price on Thursday and at a 12% discount to its peak share price of 46.75p on May 26.

BHP Billiton announces new Chairman

The world’s largest mining company announced that Ken MacKenzie has been elected to succeed Jac Nasser

Chilean mining minister responds to criticism over miners’ rescue

Two miners have been trapped for six days at the Delia mine, part of Canadian Mandalay Resources' Cerro Bayo complex

Argentina passes mining act expected to create 125,000 new jobs

Agreement is part of plan to double investment in the sector to $25bn in eight years.

Two workers trapped at Mandalay’s Cerro Bayo mine in Chile after flooding

Operations at the silver-gold mine have been suspended until further notice.

Anglo American appoints takeovers expert as new chairman

Stuart Chambers, 61 and former chairman of UK chip designer Arm, will join Anglo as a non-executive director in September, replacing Parker in November.

Pimenton mine in Chile goes bankrupt

One of the world's highest-grade gold mines has been closed and its operator has declared bankruptcy due to a lack of working capital.

BHP finally lifts Escondida force majeure

43-day strike at world's largest copper mine cost BHP around $1 billion in lost revenue.

World's top 20 silver mining companies

Switzerland's Glencore jumps to number 2 on ranking of top silver miners by output.

Better copper prices boost Codelco’s profit offsetting output decline

The state-owned miner reported a Q1 profit of $534 million, more than the total it earned in 2016.

Low copper prices force Codelco to revise underground expansion of Chuquicamata

Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Report blasts Antofagasta’s Minera Los Pelambres

Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.

Rio Tinto launches new debt reduction programme

The company said that today’s announcement is part of its ongoing capital management plan.

Chile's silver output plummets by 26%

This is a big deal as Chile is the fourth largest silver producing country in the world.

Teck dam deal brings giant Chile copper project in focus

Report says $1.2B hydro sale could provide Vancouver-based company the cash cushion to decide on 270,000 tonnes a year Chile copper mine expansion.

KGHM says phase two of Sierra Gorda copper mine in Chile will never happen

The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.

BHP Billiton puts Cerro Colorado copper mine in Chile on the block

Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.