Codelco Chief Executive Pizarro said company produced 1.24m tonnes of copper in January-to-September period, a 3 percent decline from same period last year.
Chile Mining News
Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."
Officials for the world’s largest copper mine say they are “adjusting production processes.”
The world's largest copper miner, Codelco, may see a boost in investment cash regardless of who wins next month's presidential runoff in Chile, as both candidates have vowed to end the state-run firm's funding of the military.
The two firms are just the latest names in a long list of companies that includes major players such as Rio Tinto, interested in grabbing a stake in Chile’s Chemical and Mining Society (SQM).
Sebastian Pinera, front-runner in Sunday’s election, was so frugal with funding during first term that Codelco that company’s debt levels jumped 84 percent.
More than in the past, the population is divided on whether globalization is a force for good or not.
The state-run firm also said that this year's output of electrolytic copper from its own concentrates will be 35,000 tonnes than the planned 401,000 tonnes due to an accident at its smelter.
Since President Mauricio took office in December 2015 and opened the country to foreign capital, Argentina has received more investment than any other country in the 'lithium triangle'.
Pilbara Minerals has announced a potential joint venture with two South Korean companies to develop a lithium processing facility in the Asian country.
Mining giant is eying the 32% interest in SQM that PotashCorp is selling to fulfill China's regulators condition for the approval of the its friendly merger with smaller rival Agrium.
Profit margins are expected to end significantly higher this year, and this trend to continue over the next two years, a study by S&P Global Market Intelligence shows.
Most of Chile's 7.5 million tonnes in reserves of lithium are found in brine deposits,and take at least seven years to develop.
World's biggest miner is getting ready to provide enough copper for the 140 million electric cars forecast by 2035.
Stuart Chambers faces investor calls for clear direction at the company, long seen as a potential takeover target.
The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile.
Despite the quarterly increase in net cash costs Antofagasta said the 2017 costs would be below the $1.30 per pound previously forecast.
It expects an average global copper price of $2.95 per pound in 2018, a sharp upward revision from its mid-year estimate of $2.68, due to greater demand in China.
The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).
Increase won't enough to push price above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday.
Up more than 3% after quake near the city of Calama in main copper producing region of the South American country.
Lawsuit was filed last year after the miner halted payments due to a local group.
Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.
The contract includes 8,000 hectares of federal lands in the northern region of Antofagasta, and will require an investment of nearly $1 billion.
Albemarle said it could invest $1-billion in Chile over the next 5 years if request to the government to let it extract 125,000 tonnes per year is approved.