Chile

Chile’s Codelco to seal $1 billion deal with the UK

Cecilia Jamasmie | October 21, 2014
Chile’s Codelco to seal $1 billion deal with UK

The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.

Travis McPherson - CEO.ca

The Lundin’s look to Chile for copper’s next run

Travis McPherson - CEO.ca | October 21, 2014
The Lundin’s look to Chile for copper’s next run

The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).

Chilean authorities divided over Goldcorp's $3.9bn El Morro mine

Cecilia Jamasmie | October 17, 2014
Chilean authorities divided over Goldcorp's $3.9bn El Morro mine

The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.

Chile copper boom begins to fade as production headaches mount

Reuters | October 17, 2014
chile- flag2

The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.

Chile’s copper exports down 21% in August

Cecilia Jamasmie | October 16, 2014
Chile’s copper exports down 21% in August

The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.

Sponsor AkzoNobel showcases optimized flotation collectors

AkzoNobel | October 16, 2014

AkzoNobel will present a paper at IMPC 2014, in Chile, proving a new three-component anionic collector for phosphate ore flotation that meets all the requirements for flotation efficacy and sustainability.

Chile to loosen major miners’ grip on idle land

Bloomberg | October 8, 2014

Chile’s government will seek talks with large-scale mining companies to make more land available for smaller mineral explorers as it seeks to expand the copper industry, the world’s largest.

Chile’s top court orders Goldcorp to halt El Morro mine

Cecilia Jamasmie | October 7, 2014
Chile’s top court orders Goldcorp to halt El Morro mine

Once again the mining giant's $3.9 million project can't move forward until local indigenous groups who oppose it are better consulted.

Lundin Mining buys Chilean copper mine from Freeport McMoran for $2 billion

Michael Allan McCrae | October 6, 2014
Komatsu, Finning CAT and FLSmidth are Chile’s top mining suppliers

Reducing debt.

Polish miner KGHM begins production at massive copper mine in Chile

Cecilia Jamasmie | October 1, 2014
Polish miner KGHM begins production at massive cooper mine in Chile

In the official opening the firm said it expected to start shipping from Sierra Gorda in November

Chile sees $105bn mining investment in next decade

Cecilia Jamasmie | September 25, 2014
Chile sees $105bn mining investment in next decade

The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.

Thousands of workers begin strike at world’s biggest copper mine

Cecilia Jamasmie | September 22, 2014
Thousands of workers begin strike at world’s biggest copper mine

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

Polar Star and Iron Creek agree to merge polar star to acquire all of the outstanding common shares of Iron Creek

Iron Creek Captial Corp. | September 19, 2014

Polar Star Mining Corporation and Iron Creek Capital Corp. are pleased to announce that they have agreed in principle to merge the two companies via a statutory amalgamation, plan of arrangement or similar shareholder approved transaction (the “Transaction”), which will result in Polar Star acquiring all of the outstanding common shares of Iron Creek.

Escondida surprise lights fire under copper price

Frik Els | September 16, 2014
Escondida surprise lights fire under copper price

News of labour action at world's largest copper mine sends red metal 2.6% higher.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Cecilia Jamasmie | September 9, 2014
Ex-Codelco boss to lead power firm, push for Chile’s most controversial project

Colbun hopes to keep the massive $9 billion HidroAysen power project alive.

First female fatality in Chile’s mining industry

Cecilia Jamasmie | September 8, 2014
First female fatality in Chile’s mining industry

A 25-year-old female truck driver died when her vehicle flipped over near Antofagasta Minerals' Los Pelambres copper mine.

About 20% of Chile’s largest copper mines closed or reconverted by 2025

Cecilia Jamasmie | September 8, 2014
About 20% of Chile’s largest copper mines closed or reconverted by 2025

From the 5.8 million tons of copper produced last year, 1.2 million tons came from operations that are facing closure or conversion in 10 years.

Anglo American to pay $4.5m for environmental breaches in Chile

Cecilia Jamasmie | September 3, 2014
Anglo American to pay $4.5m for environmental breaches in Chile

Authorities say the firm violated 16 environmental rules at El Soldado copper mine, located about 130 km northwest of capital Santiago.

Tension building up in the global copper market

SNL Metals & Mining | September 3, 2014
copper coils mining

Tension has been a feature of the copper market since the middle of last year but, so far, the net result has generally been stalemate and prices have moved sideways.

Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Cecilia Jamasmie | September 2, 2014
Chile’s Escondida mine to bring BHP, Rio higher than expected dividends

Deutsche Bank analysts foresee a 2% to 3% earnings increase for the miners.

Codelco production up, copper price slump trims down profit

Cecilia Jamasmie | August 29, 2014
Codelco production up, copper price slump trims down profit

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Executive changes at Antofagasta Minerals, chairman stepping back

Cecilia Jamasmie | August 21, 2014
Executive changes at Antofagasta Minerals, chairman stepping back

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Cecilia Jamasmie | August 14, 2014
Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Nickel price rally still has a long way to go

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

Japan, Chile sign mining deals

Cecilia Jamasmie | August 7, 2014
Japan, Chile sign mining deals

Japan already allocates 90% of its investment in Chile to mining.

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