Chile

Codelco production up, copper price slump trims down profit

Cecilia Jamasmie | August 29, 2014
Codelco production up, copper price slump trims down profit

Pre-tax profit dropped 27% in the first half to $1.3 billion.

Executive changes at Antofagasta Minerals, chairman stepping back

Cecilia Jamasmie | August 21, 2014
Executive changes at Antofagasta Minerals, chairman stepping back

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

Cecilia Jamasmie | August 14, 2014
Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

Glencore zinc and nickel output drops

Frik Els | August 13, 2014
Glencore zinc and nickel output down

Mines in Australia and Dominican Republic put on care and maintenance and Canadian operations' reserves depleted during first half of the year.

Japan, Chile sign mining deals

Cecilia Jamasmie | August 7, 2014
Japan, Chile sign mining deals

Japan already allocates 90% of its investment in Chile to mining.

Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

Cecilia Jamasmie | August 6, 2014
Chile's court rules in favour of KGHM’s Sierra Gorda storage facility

This is the third project in the past four moths to be given the go-ahead after an initial unfavourable ruling.

Codelco’s new CEO to lead the copper miner’s $25 billion revamp

Cecilia Jamasmie | August 1, 2014
Codelco’s new CEO to lead the copper miner’s $25bn revamp

Nelson Pizarro (73) will carry out the biggest investment plan in Codelco’s history.

IMAGE GALLERY: Throwing the switch on KGHM's Sierra Gorda mine in the Atacama Desert

MINING.com Editor | July 31, 2014
feat sierra gorda

The143-kilometre seawater pipeline is operational

Barrick mothballs Pascua-Lama

Frik Els | July 31, 2014
Barrick mothballs Pascua-Lama

Toronto-based miner has already spent $5 billion on the Chile-Argentina project first launched in 2006.

BHP firing 6% of workforce in Chile’s Pampa Norte division

Cecilia Jamasmie | July 30, 2014
BHP firing 6% of workforce in Chile’s Pampa Norte division

Division encompasses the Spence and Cerro Colorado copper mines.

Codelco delays $6.8 billion mine expansion, reviews impacts on glaciers

Cecilia Jamasmie | July 25, 2014
Codelco delays $6.8 million mine expansion, reviews impacts on glaciers

The company says its future depends on the Andina mine expansion, as dwindling ore grades in its old mines are expected to bring annual output down.

Chile’s Escondida mine boosts BHP copper output

Cecilia Jamasmie | July 24, 2014
Chile’s Escondida mine boosts BHP copper output

Improvements at the mine mill throughput and concentrator utilization offset declining ore grades at the world's largest copper mine.

Barrick Gold ousts CEO Sokalsky in major shakeup

Cecilia Jamasmie | July 16, 2014
Barrick Gold ousts CEO Sokalsky in major shakeup

The Toronto-based firm has shown president and CEO Jamie Sokalsky the door two years into the job, and less than three months after a breakdown in merger talks with its largest rival.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

Job cuts coming to Antofagasta’s freshly combined copper operations

Cecilia Jamasmie | July 8, 2014
Job cuts coming to Antofagasta’s freshly combined copper operations

The copper miner controlled by Chile’s billionaire Luksic family, will cut jobs and costs through its new company Minera Centinela.

Chile’s Codelco to produce over 300 tons of silver this year

Cecilia Jamasmie | July 8, 2014
Chile’s Codelco to produce over 300 tons of silver this year

The company, already the world’s largest copper miner, wants to become one of the top silver producers too.

Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

Cecilia Jamasmie | July 8, 2014
Chile's Supreme Court begins hearings on Barrick Gold’s appeal to $16m fine

The appeal follows a confusing ruling in March this year that revoked the penalty, the largest ever imposed in the country, only to force the country's environmental watchdog to rewrite it.

Freeport-McMoran mulls selling one of largest copper mines in Chile

Cecilia Jamasmie | July 3, 2014
Freeport-McMoran mulls sale of one of largest copper mines in Chile

Sale of Candelaria mine could raise several billion dollars, according to people familiar with the matter quoted by WSJ.com.

INFOGRAPHIC: Comparing the depths of lakes, oceans and oil wells

Michael Allan McCrae | July 2, 2014
lakes and oceans depth infographic feat

Compare the depth that the Chilean miners were trapped with the Marianas Trench.

Codelco keeps $200 million in profits to revamp mines

Michael Allan McCrae | July 1, 2014
codelco 200 million revamp mines feat

Pressure to put more dollars into popular social programs.

Anglo American goes ahead and puts platinum mines, other assets up for sale

Cecilia Jamasmie | June 30, 2014
Anglo American goes ahead and puts platinum mines, other assets up for sale

The firm is offloading some of its historic South African platinum mines as part of a $4bn sale of under-performing assets.

Mining costs in Chile 350% higher than a decade ago: report

Cecilia Jamasmie | June 27, 2014
Mining costs in Chile 350 times higher than a decade ago: report

The country is also struggling with rising energy cost, which threatens the competitiveness of its copper industry and poses a major challenge for new developments.

The real costs of public protest

Public Strategy Group | June 26, 2014
real cost of public protest

Community mobilization effective at raising costs to companies.

Antofagasta creates one of Chile’s largest private copper miners

Cecilia Jamasmie | June 18, 2014
Antofagasta creates one of Chile’s largest private copper miners

Minera Centinela will focus on an emerging mining district in copper-rich Chile's north.

Chile’s Codelco appoints interim CEO

Cecilia Jamasmie | June 14, 2014
Chile’s Codelco appoints interim CEO

Octavio Araneda, VP of the company's central-south operations, will serve as interim CEO until a new leader is picked.

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