Chile

Copper price falls as Chile brings 1.6mt back on line

Frik Els | March 27, 2015
Copper price falls as Chile brings 1.6mt back on line

Copper down nearly 2% as torrential downpour that shut many of the country's biggest mines is not expected to impact oversupplied market.

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

Cecilia Jamasmie | March 26, 2015
JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Mining for copper just got a lot cheaper

Cecilia Jamasmie | March 24, 2015
Mining for copper just got a lot cheaper

A new study shows the costs of mining for the red metal have steadily declined over the past three years.

Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

Cecilia Jamasmie | March 23, 2015
Chile's court says Barrick’s Pascua-Lama has not damaged glaciers

The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.

Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Cecilia Jamasmie | March 19, 2015
Chile imposes 2nd highest fine in history to Pan Pacific Caserones mine

Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.

Barrick faces multi-billion dollar suit over Porgera mine

Cecilia Jamasmie | March 19, 2015
Barrick faces multi-billion dollar suit over Porgera mine

PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.

Chile’s court halts operations at Antofagasta copper warehouse

Cecilia Jamasmie | March 16, 2015
Chile’s court halts operations at Antofagasta copper warehouse

This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.

Barrick to get $1.5 billion for Chilean copper mine

Cecilia Jamasmie | March 16, 2015
Barrick to get $1.5 billion for Chilean copper mine

The gold miner is said to be evaluating whether to put its Zaldivar copper mine on the block as it tries to meet an ambitious debt reduction target.

Antofagasta to appeal order to knock down Los Pelambres mine dam

Cecilia Jamasmie | March 10, 2015
Antofagasta to appeal order to knock down Los Pelambres mine dam

The ruling claims the dam has diverted the course of a local estuary, causing water shortages at a time of drought.

This is what the world’s largest underground mine looks like

Cecilia Jamasmie | March 10, 2015
This is what the world’s largest underground mine looks like

MINING.com visited Chile’s El Teniente mine, the world's largest underground copper operation and the sixth biggest copper mine by reserve size.

Chile launches national program to boost mining industry productivity

Cecilia Jamasmie | March 9, 2015
Chile launches national program to boost mining industry productivity

One of the goals is to support the creation of 250 local mining suppliers and have the sector exporting $10bn in knowledge-intensive solutions by 2035.

Expansion of Chile’s Sierra Gorda mine may cost up to $2bn

Cecilia Jamasmie | March 5, 2015
http://www.mining.com/wp-content/uploads/2015/03/expansion-of-chiles-sierra-gorda-mine-may-cost-up-to-2-billion-dollars.jpg

Majority owner KGHM International also said it is sticking to its commitment to invest US$9 billion over the next five years.

Focus on Latin American mining industry

The region of Latin America covers one-sixth of the Earth and produces more than its share of the world’s three most important metals – iron ore, copper and, of course, the ubiquitous gold.

Will a dry spell in Chile curb a global oversupply of copper?

Cecilia Jamasmie | February 25, 2015
Chile’s dry spell to weigh on global copper oversupply

A raging seven-year drought affecting copper-rich Chile is making miners grow anxious, with BHP and Anglo American already reporting an impact in their operations.

Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Cecilia Jamasmie | February 22, 2015
Chile’s Codelco likely to buy Anglo’s unwanted copper assets — report

Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.

Chile offers support to small mines after copper price slumps

Platts | February 6, 2015

ENAMI, Chile's mining-development agency, will buy copper from small mines at above the market price to protect operations from closure.

Codelco to slash costs by $1B on back of copper price slump

MINING.com Editor | February 1, 2015
Copper price falls as Chile brings 1.6mt back on line

Codelco, the world's largest copper company, is planning to reduce costs by $1 billion in 2015, as the copper price remains mired in lows not seen since recessionary 2009.

Anglo American set for commodity slump-triggered charge

Cecilia Jamasmie | January 28, 2015
Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Antofagasta expects slightly weaker-than-expected copper output

Reuters | January 28, 2015

Chilean mining firm Antofagasta expects a smaller-than-expected increase in production this year after posting annual output for 2014 in line with its guidance.

Anglo American mulls sale of more coal mines in Australia

Cecilia Jamasmie | January 23, 2015
Anglo American mulls sale of more coal mines in Australia

The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Cecilia Jamasmie | January 19, 2015
Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

Chile mulls making water desalination mandatory for miners

Cecilia Jamasmie | January 9, 2015
Chile mulls making water desalination mandatory for miners

The measure would only be imposed to miners that consume more than 150 liters (40 gallons) of water per second.

Codelco pre-tax profits down despite output increase

Cecilia Jamasmie | January 5, 2015
Codelco pre-tax profits down despite output increase in 2014

Pre-tax profit for the year was a bit over US$3 billion, a decline of $760 million when compared to 2013.

Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

Cecilia Jamasmie | January 5, 2015
Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

In the meantime, the miner will receive silver produced at three other Barrick operations in South America.

Chile’s Supreme Court won't hear Barrick appeal on Pascua Lama fine

Cecilia Jamasmie | January 2, 2015
Chile’s Supreme Court won't hear Barrick appeal on Pascua Lama fine

The court refused to consider the appeal on procedural grounds. Chile's environmental regulator will now have to re-evaluate the administrative fines for over $16 million it imposed on the project.

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