Chile Mining News

Chile holds 2019 copper forecast at $3.05/lb

The price would be underpinned by a 208,000 tonne deficit in the global market for 2019.

China's Tianqi taps 'safe choices' for board of top lithium miner SQM

Tianqi's official board nominations will take place on April 25 at a shareholders meeting in Santiago.

Lumina Copper halts Chilean mine operations after worker's death

The cause of the accident that killed an employee of service provider Global Group Ingeniería is under investigation.

Waterton takes Hudbay Minerals to court

The Canadian miner's second-largest investor, Waterton Global Resource Management, has filed a lawsuit against the base metals producer in a bid to constrain its ability to solicit proxies.

Rio Tinto injects another $302m into Resolution copper project in Arizona

Investment will go towards more drilling, orebody studies, infrastructure improvements and permitting activities.

Antofagasta to decide on $3B Centinela mine expansion by 2021

Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iván Arriagada said the company will only go ahead with the project if it meets Antofagasta’s return criteria.

Polish parliament’s lower house approves 15% cut to copper tax

If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.

SQM to acquire 80% interest in Revelo's copper projects in Chile

Sociedad Química y Minera de Chile has a 5-year option to explore and earn an 80% interest in the Calvario and Mirador projects.

Lithium giant lifts outlook with 2018 fizzle in rear-view mirror

Chile's SQM, the world’s second-largest lithium miner, said expansion plans had gone better than expected and that sales would likely beat its forecasts for this year.

Tianqi agrees truce in battle over Chilean lithium miner SQM

Tianqi's $4.1B purchase of a 24% stake in SQM went through in December, but the Chinese firm has faced push back.

After legal battle, Los Andes Copper's past drilling campaign receives approval

In 2017, Chile's Superintendency of Environmental Affairs filed a notice saying the campaign violated the country's environmental regulations.

Codelco 'perfectly well' financed for next two years — board chairman

Codelco returns all of its profits to the state and is funded by a mix of capitalization and debt.

Revitalizing its copper mines may not be sufficient to keep Chile at the fore

Demand for copper is expected to take off by the mid-2020s, but Chile is saddled with mines facing crippling declines in ore grades and a system that allows the bulk of its exploration concessions to sit idle.

From turbines to thermostats: copper miners eye high-tech demand

Attempts to replace copper in a lithium-ion battery's anode with aluminum have failed so far, which bodes well for major copper miners.

Copper producer KGHM may freeze more mines in Canada, US – CEO

KGHM's foreign assets have struggled with rising costs, falling copper prices, technical problems and higher-than-expected capital spending.

Chile´s Collahuasi copper mine expects to match 2018 record output this year – CEO

Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.

Antofagasta to stay put on dividend policy but will return cash to shareholders

The company will retain its dividend policy of paying out at least 35% of underlying net earnings, but will pay out excess funds from the proceeds of sales to shareholders,

Altiplano considers magnetic separation for Farellon ore

The company says that copper recoveries from low grade mineralized material went up following magnetite separation.

A million tonnes of copper is on the way: it may not be enough

Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.

Anglo vows to quit Los Bronces $3B expansion if it affects nearby glaciers

The area around Los Bronces copper mine hosts 30% of Chile's copper resources and 10% of the world's.

Antofagasta secures funding for Los Pelambres expansion project

The full $1.3 billion project cost is being debt financed by Los Pelambres.

BHP Americas boss says miners must make copper greener

Many in the industry have emphasized the importance of copper in the quest for a lower carbon economy.

Immersive Technologies recognizes two for mining business improvement

Immersive Technologies has announced the winners of its Global Business Improvement Award 2018.

Teck, Sumitomo close Quebrada Blanca transaction

Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.

Sierra Gorda union agrees deal with KGHM to avert Chile copper mine strike

The union threatened strike action in mid-March.