Move would seek to secure approval for its friendly merger with smaller rival Agrium, creating the world’s largest potash miner worth about $36 billion.
Chile Mining News
Chile's state-owned Codelco reports over 5% drop in first half copper production, rising costs.
Chairman of Chile's state-owned copper miner Codelco: "I'm a little skeptical...in the short-term."
The miner believes a tightening global supply of copper will keep prices on the high-end of the spectrum this year and next.
A committee of six ministers pointed to numerous flaws with the project, including severe impact to a Humboldt penguin reserve.
Project will extend the life of its Spence copper mine in Chile by over 50 years, at a time when copper prices have reach their highest levels since late 2014.
Claims that Cornwall is sitting on a multibillion-dollar lithium bonanza will soon be tested as newcomer Cornish Lithium has now enough money to start exploring the region.
The pilot project is taking place at the Gabriela Mistral mine
The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.
Miner said country offers more favourable conditions to start new projects than Chile, where Antofagasta has majority stakes in four copper mines and has just opened a new one — Antucoya.
Zaldívar produced 102,000 tonnes of copper in 2016.
Company will make a decision on the plan in August.
The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".
It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.
Codelco, which sends all its profits to state coffers, posted a larger profit in the first quarter of 2017 than in all of 2016 as a result of a strict policy of containing costs and a modest recovery in global prices for the red metal.
The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.
Twelve companies from seven countries have applied to manufacture lithium-linked products in Chile, officials told journalists on Monday, in what they called a victory for the mining country's push to add value to its exports.
Zaldívar produced more than 100,000 tonnes of copper last year.
The need for the metal is expected to triple by 2025, but no all the countries rich in lithium are taking advantage of that trend, as shown in these graphics.
Workers at Zaldivar are set to vote on a strike this week, while supervisors at Centinela mine have already decided it, but expect a government mediation mechanism to extend negotiations for at least five more days.
Escondida, majority owned and operated by BHP, produced 97,103 tonnes of copper between January and March, down from 265,597 tonnes a year earlier.
The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.
Mining companies operating in Chile are examining restarting projects that were put on hold in recent years due to a copper price slump, the mining minister and industry executives said, though final investment decisions will wait until political uncertainty lifts after the November presidential elections.
Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.
Fiscal for two missing miners in Chile expects to learn the truth of what happened in Mandalay’s mine
One of the authorities involved in an investigation into Mandalay's mine accident earlier this month says at this point what matters is to learn the truth of what really happened.