Chile

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.

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.

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
Surplus melting away? Codelco says output to drop 5%

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.

BHP, Rio, Anglo fear effects of Chile’s new labour bill

Cecilia Jamasmie | December 23, 2014
BHP, Rio, Anglo fear effects of Chile’s new labour bill

The new law could seek to limit mining companies' ability to replace workers during strikes.

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
Sliding output could drop Barrick to no 4 gold miner

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.

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