World number four miner announces ambitious production, reserves and cost-cutting targets.
Chile Mining News
Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.
The Vancouver-based company plans to complete 6,000 metres of additional drilling at Filo del Sol, its flagship project.
Experts and industry actors interviewed by MINING.com see prices picking up this year, driven by declining supplies and the prospect of increased demand coming from construction, electric vehicles and other renewable technologies.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.
While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains a bone of contention.
Top gold producer's plans to revive giant Pascua Lama gold-silver-copper project on course after Chile rejects community attempts to block revisions.
The gold producer said the region will play an increasingly important role in its growth strategy.
Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.
Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.
Decision follows a fresh attack by hooded protesters who seized installations over the weekend.
About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.
Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.
While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.
Shares were up more than 5% after the firm posted higher output across all divisions, except for copper, and said market conditions for its diamond business had improved.
Private equity firm Mineria Activa acquired 90% of Pampa Camarones through a US$18mm capital increase in the company.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.
Mining-related income now accounts for just 1.5% of government revenues, down from a peak of over 34% in 2006.
Phase two of its Radomiro Tomic sulphide project and a new level at El Teniente, are the most affected projects.
The projects, many of them in the renewables sector, are expected to also boost machinery acquisitions and generate close to 3,000 new jobs.
Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.
Operations returned to normal in all areas, excluding around the location where an accident occurred on September 10, 2016, while investigations continue.
Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.