Chile Mining News

Workers at Codelco's Chuquicamata mine threaten strike

Workers are threatening to walk off the job soon to protest plans to transform the century-old open pit into an underground mine.

Lithium demand from battery makers to almost double by 2027

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

Chile's Codelco says unions at Salvador mine reject early wage deal

Workers are pushing off further negotiations until later this year when their contracts expire.

Chile's SQM decides not to hire ex-Chairman Ponce as adviser

Ponce has held power at SQM since it was privatized under Pinochet in the 1980s and is still the largest shareholder.

Global copper output up 7.1 pct in first three months of 2018

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

Indian regulator approves Nutrien’s sale of stake in SQM to Tianqi

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.

BHP to sell Chile’s Cerro Colorado copper mine to equity fund EMR

Sale is part of chief executive Andrew Mackenzie’s bid to focus on large assets in commodities such as iron ore, copper and oil.

Chile antitrust watchdog probing Tianqi buy of lithium miner stake

The country's antitrust regulator is investigating the effects on the market of Chinese miner Tianqi Lithium acquisition of a 24% stake in SQM, the world's second largest lithium producer,

Prosper One enters Memorandum of Understanding (MOU) to spend $3m to earn 55% of lithium Chile's Pintadas Norte project.

Prosper One and Lithium Chile will enter into a joint venture agreement where Prosper One may earn a 55% interest in Lithium Chile’s Pintadas Norte project.

Copper veteran has unfinished business at world’s biggest pit

Nelson Pizarro wants to remain at the helm of the world’s biggest copper company until he can cut the ribbon on a project to convert its flagship pit into a giant underground mine.

Australia takes over Chile as world’s No.1 lithium producer

It produced 4,600 tonnes of lithium more than Chile in 2017 boosted mainly by record output at Mt Cattlin and Mt Marion mines.

Kinross going ahead with expansion of Alaska gold mine

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

Workers at BHP's Spence copper mine in Chile approve labor contract

The deal also includes a 2 percent increase over current base salaries.

Escondida union in Chile optimistic will reach deal with BHP

The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.

Copper price: Chinese concentrate imports hit 18-year high

As scrap ban bites Chinese traders up May cargoes 37% year on year.

Copper price rallies to highest since January 2014

Labour negotiations in the copper mining industry still left to resolve - including Escondida - represent about 2.6 million tonnes out of global copper supply.

Copper price soars to 3-month high

Up nearly 4% after union at world's only 1 million tonne copper mine demands owner BHP makes biggest bonus payout ever to Chilean mineworkers.

Chile's SQM hires ex-chairman Ponce as adviser, government says

SQM has retained former chairman Julio Ponce as an adviser despite an agreement to distance himself from the firm to end a long-running royalties dispute.

About 75,000 jobs to go in Germany’s auto industry because of EVs — study

The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.

BHP Escondida mine workers in Chile start new wage talks

The Anglo-Australian miner has until mid-June to respond to the union's demands.

Shares in lithium giant fall on disappointing auction

Chilean lithium producer SQM shares punished after $1 billion of shares auctioned below ruling price.

Electric vehicles on the road to triple by 2020 — IEA

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Lithium Chile, a perfect storm

Mining lithium in the salars of Chile and Argentina is much more cost-effective than hardrock mining.

Copper king's gender push rings hollow with all-male board

Codelco just achieved a new, less enviable mantle -- the only major mining company with an all-male board and senior management team.

Chile's Codelco profits up slightly despite rising costs

Codelco chief executive Nelson Pizarro said a strong copper price in early 2018 had offset the impacts of rising production costs.