Chile Mining News

Kinross Gold halts Maricunga mine in Chile, lays off 300 workers

Suspension of Maricunga comes earlier than planned after a court upheld the country’s regulator decision to shut down the water system linked to the mine over environmental concerns.

Glencore posts worst half-yearly profit since listing in London

Despite a rebound in commodity prices and successful costs cuts, Glencore remained in the red in the six months to end-June.

Too much copper drops price to six-week low

Few disruptions could dump additional 230,000 tonnes onto already oversupplied market this year.

Bolivia sets high hopes on its lithium industry

The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.

Metso inks key deal with world's largest copper miner Codelco

To support the conversion of Chuquicamata, the largest open-pit copper mine in the world, to a large-scale underground mining operation.

Chile’s Codelco may slash copper output as it further cuts costs to the bone

The world's top copper miner admits to be facing its “worst crisis ever” since created in 1976.

Glencore can't find buyer to pay up for Lomas Bayas

Report says Swiss miner was unable to get the $500 million plus it wanted for the Chilean copper mine.

More bad news for copper price

Study shows the most efficient mines in top producer Chile now produce copper for less than $1 a pound after finding an additional 13% in savings this year.

Anglo American declines merger offer from Vedanta

Vedanta Resources’ chairman Anil Agarwal allegedly approached Anglo in several opportunities earlier this year to discuss potential tie-ups.

Anglo American narrows debt despite posting steep first-half loss

The miner said its turnaround plan was “on track” as it slashed debt and beat earnings forecasts in the first half of the year.

Antofagasta lowers full-year copper output target, says surplus shows little sign of easing

The Chilean copper miner said full-year production would be at the lower end of the 710,000 to 740,000 tonnes it predicted in January.

Heavy snowfall in Chile forces Anglo to cut annual copper target

Shares plunged after miner revealed that output fell almost across the board in the April – June period.

Did $78 billion South African gold exports really go missing?

According to a UN report, since 2000 two-thirds of South Africa's gold exports – mostly to India – did not appear on its trade partners' books.

Stormy seas hit Chile copper exports, could buoy prices

Choppy seas off the coast of Chile caused widespread delays to copper shipments from the world's top producer in the second half of June, potentially supporting prices in a market grappling with oversupply

Chinese eye Atlantic Canada’s lithium project

Lithium prices have soared in the past year, and demand is set to outstrip supply by 2023.

Value of Chilean copper exports at financial-crisis lows

New data shows the first six months of 2016 were tough for Chilean copper producers.

BHP greenlights expansion at Escondida copper mine in Chile

With the expansion, Escondida is targeting an average output of 1.2 million tonnes a year over the next decade, up from about 940,000 tonnes it produced last year.

World's largest copper mine output, profit plummeted in Q1

Chile’s Escondida produced 265,597 tonnes in the period, or 23% less than the 347.125 tonnes it generated in Q1 2015.

Kinross eyes expansions at its new gold mines in Nevada

Kinross, which operates two mines in Russia and also owns the problem-plagued Tasiast operation in Mauritania, seeks to strengthen its portfolio in North America.

Copper is soaring, hits 7-week high

Thanks in part to a weak US dollar and the chance of monetary policy easing in China, responsible for nearly half of global metals demand.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

Gold firms gear up for growth as cost of mining the metal falls

Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.

Goldcorp and Teck plow ahead with new $3.5bn mine in Chile

The project, renamed NuevaUnion, would be one of the largest copper-gold-molybdenum mines ever-developed in Latin America.

Mining Case Study: Receiving the right date removes the guess work

To address issues created by a fast refueling system, Los Pelambres mine in Chile invited several companies to submit proposals to solve multiple issues.

IntelliSense.io to deliver efficiencies for AngloAmerican through water & energy optimisation as part of the Newton-Picarte Resource Efficiency for Sustainable Extraction of Raw Materials Program

Cambridge, UK-based IntelliSense.io and AngloAmerican announce that they have initiated a joint project for IntelliSense.io to optimise the energy and water utilisation of the pipeline, which supplies recovered tailings water to the Confluencia Plant at its Los Bronces copper operation in Santiago, Chile.