The CEO of Mandalay dubbed 2017 as a challenging year for his company.
Chile Mining News
Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.
Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.
Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru
Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.
Andes Iron appealed an August 2017 decision that forbade its copper and iron ore project from going forward.
Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.
Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.
$429 million impairment on the stalled project after Chile environment agency ordered final closure.
Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors.
Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.
Tesla and SQM were exploring opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide from SQM.
The approvals will allow the company to modify its original expansion plan, already permitted and now 44 pct complete, which seeks to add another mine level.
The company beat expectations on Thursday with a 5% increase in 2017 production.
Chile-focused miner also expects costs to rise on tailings dam expenditure.
The parties have agreed not to release the transaction price.
"Water demand will increase because it will be necessary to process more material to obtain the same amount of copper": Wood Mackenzie.
Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
Codelco will invest $250 million to modify the shape of the current pit.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
The bulk of new capacity would come online in 2019.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
Ninth gain puts red metal on longest winning streak since 2004.
The Madrid-based firm signed a $20-million-dollar contract.