Copper down nearly 2% as torrential downpour that shut many of the country's biggest mines is not expected to impact oversupplied market.
The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.
A new study shows the costs of mining for the red metal have steadily declined over the past three years.
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.
Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.
PNG landowners have submitted a position statement, outlining “irreparable losses” as a result of social, economic and environmental damages allegedly caused by the operation.
This is the second warehouse in less than two days the court suspends due to health risks from nearby particles.
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.
The ruling claims the dam has diverted the course of a local estuary, causing water shortages at a time of drought.
MINING.com visited Chile’s El Teniente mine, the world's largest underground copper operation and the sixth biggest copper mine by reserve size.
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.
Majority owner KGHM International also said it is sticking to its commitment to invest US$9 billion over the next five years.
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.
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.
Anglo’s assets up for grabs include three mines and a smelter valued at $1 billion.
ENAMI, Chile's mining-development agency, will buy copper from small mines at above the market price to protect operations from closure.
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.
The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.
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.
The operations that may be added to the list of assets for sale are Dawson and Foxleigh, in Queensland.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
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.
The measure would only be imposed to miners that consume more than 150 liters (40 gallons) of water per second.
Pre-tax profit for the year was a bit over US$3 billion, a decline of $760 million when compared to 2013.
In the meantime, the miner will receive silver produced at three other Barrick operations in South America.
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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