Chile Mining News

Codelco ready to resume operations at Chuquicamata despite torrential rains

The wet season in the austral summer has caused havoc in northern Chile.

At least three Chilean copper mines halted due to heavy rain

Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.

Codelco sees copper output drop 1.9% in 2018

Last year, Chile's total copper production rose by 6 percent to 5.83 million tonnes.

Where is lithium coming from?

Market for lithium-ion batteries, utilized for example in electric cars and other electric equipment, is growing at an impressive annual rate of 20 percent. Due to increasing demand, a vital raw material for these batteries, lithium, is possibly one of the most valuable minerals in the foreseeable future. But what is the best place to look for the “white petroleum”?

Trading house Mitsubishi maintains full-year profit forecast

* April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen Japan's biggest […]

Lithium price: Spodumene is getting crushed

Hard rock lithium concentrate swamping China drops spodumene prices 17% in January with more pain likely.

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

Lithium giant's landmark deal is big step to battery 'dream'

"We don’t know if we’ll ever make vehicles, but we would like to at least see battery parts produced in Chile"

Copper price rally halted by Chinese factory surprise

Chinese manufacturing shrinks at fastest pace in almost three years.

Anglo American lays off 180 workers at Chile copper mine

The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.

SNC’s mystery problem has analysts pointing to Chile after rout

SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.

Chilean miner Antofagasta studying $3 bln expansion at Centinela mine -paper

Antofagasta's copper production rose 3 percent to 725,300 tonnes last year, allowing the company to weigh potential expansion projects.

Chile strikes deal with lithium miner Albemarle in contract dispute

The dispute centered around a contract term that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount.

SQM just made it very difficult for Tianqi to access company secrets

The lithium miner, the world’s second largest producer of the white metal, has approved additional measures to protect corporate data considered confidential from China'a Tianqi, which recently bought almost a quarter of the Chilean company.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Strong last quarter leads Antofagasta to record copper output in 2018

The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.

Copper – five things to look for in 2019

Copper price volatility is likely to be skewed to the upside.

Supervisors at Codelco mine in Chile reject labor offer, strike looms

"We rejected their proposal and have voted to strike"

Runaway train wreck, copper outages cost BHP $600 million

Three incidents occurred during the second half of 2018 hit BHP's production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.

Chile's mining development corporation has a new boss

Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.

Chile's Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.

Chile nuclear watchdog weighs probe into fraud over lithium exports – documents

The internal review found “significant errors” in CCHEN’s accounting of the sales of the world’s top lithium producers Albemarle and SQM between 1984 - 2015.

Hudbay Minerals investor Waterton seeks to replace CEO, board

Toronto-based private-equity firm Waterton Global Resource Management is launching a proxy fight with Hudbay Minerals, pushing to overhaul the board and oust its chief executive over alleged "mismanagement."

Argentina set to join global mining transparency initiative

The global initiative requires member countries to disclose how they allocate licences and how much they receive from the companies in tax, royalties and other contributions.