Chile Mining News

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.

BHP's Spence copper mine in Chile hit by fresh strike

The labour action follows two other one-day protests at the mine and comes as BHP mulls a $2.2 billion investment to expand the operation.

New Antofagasta CEO: weak copper price for at least 2 years

CEO of Chilean copper giant sees 300,000 tonnes surplus this year and next.

Chilean mining powerhouse looks to new options to emerge from global mining slump

Chile says the country has now adopted a proactive stance to reduce foreign investment barriers in its mining sector as it joins a plethora of mining jurisdictions worldwide battling to mitigate the resources downturn.

KGHM delays expansion of flagship mine in Chile, shares jump

Shares in Europe's second-largest copper producer jumped as much as 4.7% on Monday after posting earnings at overseas units that helped the Polish miner beat analysts estimates for the first-quarter profit.

Chile's cheerless outlook for copper price

Top global producer sees surplus this year and next as mines pump out more metal and predicts decline in copper price from today's levels through 2017.

Barrick ‘is back’ chairman Thornton tells shareholders

Barrick Gold has reduced its debt load, reshuffle management and sold several assets.

Barrick Gold swings to quarterly loss, but trims debt further

The world's largest gold producer, reported a quarterly loss, compared with a year-earlier profit, as asset sales impacted production and realized gold prices fell.

Barrick’s fourth CFO in five years may be what shareholders were waiting for

Most shareholders hope that Catherine Raw persuades management to stop prizing output over profitability and, instead, place more emphasis on investors’ returns.

Miners spending again: $50 billion capex in five months

Confidence returns to mining sector as announced capital outlays surge to $108 billion – greenfield project spending up three-fold in first quarter.

Anglo shareholders revolt against Cutifani’s $4.9 million pay

Full voting results will be released on Friday.

World's largest underground copper mine remains shut on heavy rains, mudslides

Chile's Codelco said that it loses about 1,500 tonnes of copper output for each day El Teniente mine remains inactive.

Heavy rains shut down copper mines in Chile

Operations at two of the world's largest copper mines have been suspended following a weekend deluge in central Chile.

Canada-Chile lithium project in Argentina to begin operations in 2019

The Cauchari-Olaroz project, in northern Argentina, is forecast to initially produce 40,000 tonnes of lithium carbonate equivalent a year.

Codelco scraps plans for new mine at El Salvador division

Decision would reduce the total investment needed to $600 million from the whooping $3 billion it was originally estimated.

Top 10 copper producing countries

Peru's output surges, North American producers slip down the rankings and Chinese mines shut down.

Antofagasta copper veteran Hernandez retires, Arriagada named new CEO

The appointment is effective immediately and Hernandez, who had been CEO since 2014, will remain as an adviser to the board.

Forget about ‘Los Bronces’; that mine is ours — Anglo to Codelco

Codelco is facing mounting internal pressure to acquire Anglo's stake in Los Bronces mine, in which the Chilean miner already has a 29.5% interest.

Barrick Gold chairman John Thornton takes a 76% pay cut

He will receive $3.4 million for his work in 2015, including compensations and pension, a significant reduction from the almost $13 million he pocketed in 2014.