Chile

BHP tipped as favourite in race for Barrick’s Zaldivar mine in Chile

Cecilia Jamasmie | June 29, 2015
BHP tipped as favourite in race for Barrick’s Zaldivar mine

BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.

Chile may revoke Teck’s copper mine permit over environmental breaches

Cecilia Jamasmie | June 23, 2015
Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Workers at Chile's Collahuasi copper mine end strike

Cecilia Jamasmie | June 16, 2015
Workers at Chile's Collahuasi copper mine end strike

The 24-hour stoppage did not affect operations, according to the mine management.

Peru mining investment down 14% on unrest, violence, low metal prices

Cecilia Jamasmie | June 11, 2015
Peru mining investment down 14% on unrest, violence

Total for this year may be $7.7 billion, down from 2014's $8.7 billion and significantly lower than a record $10 billion in 2013.

Mining investments in Chile to reach $64 billion by 2025 — report

Cecilia Jamasmie | June 5, 2015
Mining investments in Chile to reach $64 billion by 2025 — report

According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.

Chile may be China’s next competitor in the rare earths market

Cecilia Jamasmie | June 4, 2015
Chile may be China’s next competitor in the rare earths market

Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,

Chile regulator seeks sanctions against Lundin’s Candelaria mine

Cecilia Jamasmie | May 27, 2015
Chile regulator seeks sanctions against Lundin’s Candelaria mine

Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.

Chile’s Codelco sues Vale, Brazilian Department of Mines over exploration license

Cecilia Jamasmie | May 26, 2015
brazil-carajas

After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.

Cecilia Jamasmie

China’s Zijin inks deals with two Canadian firms on the same day

Cecilia Jamasmie | May 26, 2015
China’s Zijin grabs stake in two Canadian firms on the same day

Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.

Barrick sells 50% in Papua New Guinea unit to China's Zijin

Cecilia Jamasmie | May 26, 2015
Barrick sells 50% in Papua New Guinea unit to China's Zijin

The deal is part of a long-term strategic cooperation agreement that will see Zijin and Barrick collaborate on future projects and joint investments.

Barrick sells Cowal mine to Evolution Mining for $550 million

Cecilia Jamasmie | May 25, 2015
Barrick sells Cowal mine to Evolution Mining for $550 Million

With the acquisition Evolution Mining will become Australia's second largest gold producer.

Chile calls for better mining industry recognition of enviro-social concerns to avoid project stranding

Field Public Relations | May 21, 2015
Barrick's Pascua Lama workers drop strike

Chile, the world’s biggest copper producing country, has warned that the global resources sector needs to pay far more attention to its environmental and social licence obligations if new projects worth billions of dollars are to get up.

Chile strikes BHP Billiton copper project off development timeline

Copper sector needs nine Escondida mines over next decade to meet global demand: Rio Tinto

The Chilean government has removed BHP Billiton's US$4 billion Spence copper expansion project from its 10-year development timeline, saying it expects the world's largest miner will miss its targeted deadline of first production by 2020.

Australian miners warned not to ignore ties between Latin America, Asia

Field Public Relations | May 20, 2015
australian-miners-warned-not-to-ignore-latin-america-asia

The increasing engagement of Latin America with Asia may potentially be at the expense of Australia’s traditional sense of right to be a major Asian player, expert says.

Cecilia Jamasmie

Copper, nickel prices likely to be hit by El Niño event

Cecilia Jamasmie | May 13, 2015
Copper, nickel prices likely to be hit by El Niño event

The recurring phenomenon — a warming of the Pacific Ocean as part of a complex cycle linking atmosphere and ocean — has in the past affected mine output, triggering price spikes.

Giving up on iron ore best option for Anglo American — Investec

Cecilia Jamasmie | May 13, 2015
Giving up on iron ore best option for Anglo American — Investec

The bank says Anglo could use the funds it gets for dividends and to invest in its much stronger sectors, copper and diamonds.

Anglo fined $6.2m for environmental breaches at Los Bronces mine in Chile

Cecilia Jamasmie | May 5, 2015
Anglo fined $3.8bn for environmental breaches at Los Bronces mine in Chile

The environmental watchdog said the fine was calculated based on at least five infractions detected at the operation and the mine's facilities.

Former BlackRock mining fund manager joins Barrick Gold

Cecilia Jamasmie | May 1, 2015
Former BlackRock mining fund manager joins Barrick Gold

Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.

Antofagasta cuts copper output forecast over rain, protests in Chile

Cecilia Jamasmie | April 29, 2015
Antofagasta cuts copper output forecast over rain, protests in Chile

Torrential rain in Chile's desert region and environmental protests dented first-quarter output, forcing the miner cut its annual production forecast.

Majority of Barrick’s shareholders rejects compensation plan

Cecilia Jamasmie | April 28, 2015
Majority of Barrick’s shareholders rejects compensation plan

As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.

Codelco to send robots inspect equipment at Gabriela Mistral mine

Cecilia Jamasmie | April 28, 2015
Codelco to send robots inspect equipment at Gabriela Mistral mine

The company, dealing with aging mines, has been leaning on a wide range of new technologies to reduce operating costs and increase efficiencies.

Barrick begins sale of stake in Chile’s Zaldivar copper mine

Cecilia Jamasmie | April 28, 2015
Barrick begins sale of stake in Chile’s Zaldivar copper mine

Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.

Barrick faces fresh opposition to executive pay plan

Cecilia Jamasmie | April 24, 2015
Barrick facing fresh opposition to executive pay plan

The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.

Antofagasta's Los Pelambres mine is safe — Chile’s court

Cecilia Jamasmie | April 24, 2015
Antofagasta's Los Pelambres mine is safe — Chile’s court

La Serena appeals court unanimously rejected a lawsuit presented by locals, which claimed the massive tailing dam had dried up a nearby stream and contaminated underground water.

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

Chile to fine Barrick over ten new environmental violations

Cecilia Jamasmie | April 23, 2015
Chile to fine Barrick over ten new environmental violations

The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.

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