Chile Mining News

Goldcorp shares lifted by 2017 guidance

World number four miner announces ambitious production, reserves and cost-cutting targets.

Strike at Yamana Gold mine in Chile enters ninth day, shares fall

Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.

Canada’s Filo Mining injects $7M into copper-gold-silver project on Chile Argentina border

The Vancouver-based company plans to complete 6,000 metres of additional drilling at Filo del Sol, its flagship project.

Copper to be best performing commodity of 2017 — analysts

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.

SLIDESHOW: Mining on the mend – 2016 year in review

The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.

Canadian Wealth Minerals to acquire Chile’s Laguna Verde lithium project

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.

Anglo American about to make key decision on South African assets sale

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.

Win for Barrick's giant South America gold project

Top gold producer's plans to revive giant Pascua Lama gold-silver-copper project on course after Chile rejects community attempts to block revisions.

Barrick Gold brings in new director to regain strength in Latin America

The gold producer said the region will play an increasingly important role in its growth strategy.

Chinese-Korean group to build $2 billion lithium batteries plant in Chile

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.

Lundin shares bounce on payout, guidance

Following $1.1 billion Congo mine sale Toronto-based copper-zinc miner announces inaugural dividend and strong operational forecast.

Anglo's Los Bronces mine in Chile to remain shut until safe to resume work

Decision follows a fresh attack by hooded protesters who seized installations over the weekend.

Anglo's Los Bronces copper mine in Chile seized by protesters

About 100 hooded protesters have seized parts of the copper mine, Anglo American's biggest operation in Chile.

Chilean mining costs highest in the world, despite saving measures

Production costs in Chile, the world’s No. 1 copper producer, were 5.4% higher last year when compared to its global peers’ average.

Glencore did better as commodity trader than miner in Q3

While output was down for most commodities it mines and sales, it has improved earnings forecast for its trading unit.

Anglo American soars on positive production report

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.

Mineria Activa acquires 90% of Pampa Camarones for US$18mm

Private equity firm Mineria Activa acquired 90% of Pampa Camarones through a US$18mm capital increase in the company.

Yamana Gold set to spin off Brazilian unit as separate public company

The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.

Antofagasta's Los Pelambres mine faces potential $24 million fine, closure

Chile's environmental regulator has drawn up nine charges against the copper mine for mismanaging water resources and nearby flora.

CHART: Copper price slump devastating Chile state finances

Mining-related income now accounts for just 1.5% of government revenues, down from a peak of over 34% in 2006.

Chile's Codelco delays $2.25 billion in investments on copper prices slump

Phase two of its Radomiro Tomic sulphide project and a new level at El Teniente, are the most affected projects.

Energy investment boom expected in northern Chile

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, Brazil to emerge as Latin America’s new mining gems

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.

Mandalay resources resumes mining operations at Cerro Bayo

Operations returned to normal in all areas, excluding around the location where an accident occurred on September 10, 2016, while investigations continue.

Strike ends at Anglo American Los Bronces mine in Chile

Los Bronces, Anglo American’s flagship operation, is expected to produce between 600,000 and 630,000 tonnes of copper this year.