Chile Mining News

PotashCorp mulls selling stake in Chilean lithium producer SQM — report

Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.

Copper price hits fresh 3-year high as output at world's top producer falls

Chile's state-owned Codelco reports over 5% drop in first half copper production, rising costs.

No 1 producer joins copper rally skeptics as price hits new 3-year high

Chairman of Chile's state-owned copper miner Codelco: "I'm a little skeptical...in the short-term."

Copper rally lifts Antofagasta’s profits — up 88% in first half of 2017

The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.

Chile rejects divisive $2.5 billion Dominga copper-iron ore project

A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.

BHP commits $2.5bn to extend life of Spence copper mine in Chile

Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.

UK lithium start-up gets $1.3 million to build new mine in Cornwall

Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.

Codelco to produce “green” copper

The pilot project is taking place at the Gabriela Mistral mine

Chile's Caserones copper mine close to reach full capacity after weather forced 3-week shutdown

The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.

Antofagasta opening exploration office in Peru by year-end

Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.

Antofagasta, Barrick avoid Chile mine strike

Zaldívar produced 102,000 tonnes of copper in 2016.

BHP $2.5bn expansion of Spence copper mine in Chile approved

Company will make a decision on the plan in August.

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Rio Tinto axes iron ore export forecast for the year

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

Chile's Codelco to post earnings above $1 bln this year – CEO

Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.

Rio Tinto in search of the next Escondida mine in Chile

The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.

Chile receives 12 bids for value-added lithium projects

Twelve companies from seven countries have applied to manufacture lithium-linked products in Chile, officials told journalists on Monday, in what they called a victory for the mining country's push to add value to its exports.

Workers vote to strike at Antofagasta, Barrick mine in Chile

Zaldívar produced more than 100,000 tonnes of copper last year.

CHARTS: Lithium-rich countries risk missing the boat on electric batteries boom

The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.

Antofagasta faces strike threats at two of its copper mines in Chile

Workers at Zaldivar are set to vote on a strike this week, while supervisors at Centinela mine have already decided it, but expect a government mediation mechanism to extend negotiations for at least five more days.

Output at world’s largest copper mine sank by 63% in Q1

Escondida, majority owned and operated by BHP, produced 97,103 tonnes of copper between January and March, down from 265,597 tonnes a year earlier.

Mandalay Resources declares force majeure at flooded Chilean mine

The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.

Chile's miners eye expansion, but wait until political uncertainty lifts

Mining companies operating in Chile are examining restarting projects that were put on hold in recent years due to a copper price slump, the mining minister and industry executives said, though final investment decisions will wait until political uncertainty lifts after the November presidential elections.

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.