Chile Mining News

World's top 20 silver mining companies

Switzerland's Glencore jumps to number 2 on ranking of top silver miners by output.

Better copper prices boost Codelco’s profit offsetting output decline

The state-owned miner reported a Q1 profit of $534 million, more than the total it earned in 2016.

Low copper prices force Codelco to revise underground expansion of Chuquicamata

Modifications seek to simplify aspects of the project originally approved in 2010 in order to optimize mineral handling.

Report blasts Antofagasta’s Minera Los Pelambres

Two days before Antofgasta's annual general meeting in London, an 18-pages long report by the London Mining Network slams Los Pelambres' environmental record.

Rio Tinto launches new debt reduction programme

The company said that today’s announcement is part of its ongoing capital management plan.

Chile's silver output plummets by 26%

This is a big deal as Chile is the fourth largest silver producing country in the world.

Teck dam deal brings giant Chile copper project in focus

Report says $1.2B hydro sale could provide Vancouver-based company the cash cushion to decide on 270,000 tonnes a year Chile copper mine expansion.

KGHM says phase two of Sierra Gorda copper mine in Chile will never happen

The Polish company, Europe's second-largest copper producer, said that given current macro conditions the plan had lost sense.

BHP Billiton puts Cerro Colorado copper mine in Chile on the block

Workers temporarily blocked access roads to the site in protest for the decision, which they say will inevitably bring a massive wave of layoffs.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Deal avoids strike at Collahuasi

A deal between workers and the companies that own the Collahuasi copper mine in northern Chile could mean labour peace at the often-picketed mine for the next three years.

Anglo American to resume operations at El Soldado mine in Chile

The company had warned it would evaluate options for the mine, including walking away form it, if it didn’t receive the necessary permits.

BHP Billiton in 'advanced' talks to sell Cerro Colorado copper mine in Chile

The company has officially informed workers of its plans to offload the mine, noting that while there are several interested parties, the process could take months.

Czech mining industry pins hopes of revival on lithium

The European country holds between 1.2 to 1.4 million tonnes of lithium, located mostly around the tiny village of Cinovec, on the border with Germany.

More iron ore comes to the market as Anglo’s output soars in Q1

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Recent Escondida strike may push Chile into recession

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Thousands of balls to counteract drought effects at mining sites

To prevent liquids from evaporating, Exma proposes the use of a floating cover system composed of plastic balls

Chile’s Codelco sets up lithium subsidiary

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

Fiore Exploration to launch drilling campaign in Chile

Fiore Exploration CEO, Tim Warman, talked to MINING.com's Michael McCrae about the company's Pampas El Peñón gold project in Chile

Emu NL confirms gold and silver potential at its Vidalita project in Chile

Australian explorer, Emu NL, provides the following update on its drilling program on the Company’s Vidalita project in northern Chile.

Water scarcity, pollution to take shine off Latin American mining sector

In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.

Top 10 copper mining companies in 2016

2016 highlights: a year of breakthroughs and setbacks