Chile

Codelco El Teniente mine expansion to take longer, cost $2bn more

Cecilia Jamasmie | December 19, 2014
Codelco El Teniente mine expansion to take longer, cost $2bn more

The touted expansion of the world's largest underground copper mine is two to three years behind schedule and will require $2 billion more than initially planned, said the company.

Harsh words on Barrick Gold prospects

Frik Els | December 16, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Credit Suisse downgrades world's number on gold miner citing risks posed by $13 billion debt and permitting, tax challenges.

Two countries you might be surprised to find Hallgarten's Chris Ecclestone likes now

The Gold Report | December 15, 2014
Canadian juniors regain allure: GoGold floats offer for B.C. firm

In this interview with The Gold Report, Ecclestone explains that canny juniors are choosing past-producing properties, which boast dependable resources estimated by majors and already existing infrastructure. And he names two current gold producers he believes are woefully undervalued.

Yamana Gold to group Brazil mines under new unit

Cecilia Jamasmie | December 10, 2014
Yamana Gold to group Brazil mines under new unit

The miner became the latest company to spin off non-core, underperforming assets.

Larger players account for 40% of global exploration budgets

SNL Metals & Mining | December 9, 2014
Low metal prices put chill on global mineral exploration

A study of about 40 explorers budgeting at least US$50 million total shows the larger players allocated a total of US$4.33 billion and accounted for 40% of the US$10.74 billion worldwide exploration total.

Barrick teams with Saudi Arabian miner to run copper mine

Cecilia Jamasmie | December 3, 2014
Barrick teams with Saudi Arabian miner to run copper mine

Miner may try replicate partnership with other of its stalled projects, such as Pascua Lama in South America.

Guyana gold

Scott Wright - Zeal Intelligence | November 30, 2014

South America has been a major beneficiary of the 2000s gold bull, party to some big discoveries by the mining companies flocking there.

Codelco sees copper price averaging $3 in 2015

Frik Els | November 28, 2014
Codelco’s new CEO to lead the copper miner’s $25bn revamp

That would constitute a substantial rally after Friday's 4% drubbing of the red metal in New York.

Anglo American’s Los Bronces mine in Chile hit by strike

Cecilia Jamasmie | November 28, 2014
Anglo American’s Los Bronces mine in Chile hit by strike

This is the first time mining engineers, geologists and other highly educated employees go on a strike at a privately owned mine in Chile.

Chile’s mining sector to double energy demand by 2025

Cecilia Jamasmie | November 27, 2014
Chile’s mining sector to double energy demand by 2025

These are not very good news for the energy-starved copper producing nation.

Glencore, Mick Davis among suitors of Anglo American mines in Chile

Reuters | November 14, 2014
Former Xstrata CEO Davis gets a $1bn injection for new venture

Glencore and X2, a company set up by former Xstrata boss Mick Davis, are among the suitors of the Chilean copper assets put up for sale by global miner Anglo American.

Barrick names new executive director for Pascua-Lama

Cecilia Jamasmie | November 13, 2014
Barrick names new executive director for Pascua-Lama

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

Barrick to push ahead with Pascua Lama, ‘no margin for error’

Cecilia Jamasmie | November 12, 2014
Barrick to push ahead with Pascua Lama, ‘no margin for error’

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

With the ongoing global skills shortage within mining is it time to get the job seeker's perspective?

Worldwide Recruitment Solutions | November 12, 2014
local workers

A global survey of over 5,300 job seekers sheds some light on the issues in the war for talent which the Mining sector continues to face.

Canada injects $300m in Chile’s copper giant Codelco

Cecilia Jamasmie | November 12, 2014
Canada injects $3m in Chile’s copper giant Codelco

The world’s biggest copper producer will, in turn, procure goods and services from Canadian companies.

Goldcorp working on new plan for El Morro project in Chile

Cecilia Jamasmie | November 7, 2014
Goldcorp to work on new environmental study for El Morro project in Chile

The move comes as Chile's Supreme Court halted the $3.9 billion gold and copper project last month.

New fatality at Codelco’s El Teniente copper mine

Cecilia Jamasmie | November 7, 2014
New fatality at Codelco’s El Teniente copper mine

Another contractor died at the mine only two weeks ago.

Mining the Antarctic a big no-no

Cecilia Jamasmie | November 3, 2014
Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Chile copper output down in sept. 2014 on shutdowns at major mines

Shanghai Business Review | October 30, 2014

Data published by the National Statistics Institute of Chile (INE), shows the country’s copper output has dropped by 5% during the month of September this year.

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Chile passes historic law to aid copper giant Codelco

Cecilia Jamasmie | October 29, 2014
Chile passes historic law to aid copper giant Codelco

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

Anglo American ships first iron ore from Brazilian Minas-Rio project

Cecilia Jamasmie | October 27, 2014
Anglo American ships first iron ore from Brazilian Minas-Rio project

Once again Cutifani delivers — freight from Minas-Rio leaves for China by year-end and within the latest estimated budget.

BHP to sell US shale assets, limit annual capex to $14 billion

Cecilia Jamasmie | October 27, 2014
BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

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.

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