Chile Mining News

Yamana Gold sells Gualcamayo to Mineros in $85 million deal

The Gualcamayo acquisition adds 491,000 ounces of gold in reserves and 2.28 million ounces of gold in indicated mineral resources.

Chile’s court rejects lawsuit to block Nutrien’s sale of stake in SQM to Tianqi

While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.

Antofagasta cuts copper output guidance, sees increase in 2019

Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.

Lithium giant's wobble shows meeting demand growth not so easy

SQM revealed a five-week delay in a project to increase annual capacity.

Jacobs to sell energy unit to WorleyParsons for $3.3B

The deal is part of Jacobs’ strategy to optimize its portfolio with a focus on higher-growth, higher-profit infrastructure and commercial projects - CEO

Nutrien says SQM top shareholder seeking to block Tianqi deal for ‘personal benefit’

Nutrien’s executive vice-president Michael Webb, described Julio Ponce, the Chilean miner’s top shareholder and former chairman, as a “hypocrite” and urged him to “look beyond himself."

Freeport eyes majority stake in Solaris early stage Chile project

The US miner has agreed to a deal that would give it up to 80% in Solaris' Ricardo property.

Chilean govt to seek international arbitration over Albemarle contract

Albemarle failed to make a "serious" offer for its annual production capacity to be provided at a discounted rate - Corfo

BHP says it has seen no material impact from trade tensions

Though we have not seen a material impact on our business, we remain cautious in the near term

Codelco submits $1B plan to extend Salvador mine life beyond 2021

The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.

Why conflicted copper shows little consensus

World warehouse stocks are dropping, down 50% since the first of April.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

What's next as Tianqi, SQM face off in Chile court

On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.

Chile environmental court orders Barrick to close Pascua-Lama gold mine

The operation was put on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that ballooned to $8.5 billion.

World’s top copper producer faces lengthy smelter halt at major mine

Chile's Codelco is in the midst of upgrading its smelter at Chuquicamata, its second largest operation by size, to comply with stricter emissions standards coming in effect in December.

Chilean court suspends sale to Tianqi of stake in lithium miner SQM

The Constitutional Court said it would hear arguments in the case on Oct. 22.

Chile's Supreme Court signals death knell of Kinross gold mine

Chile's Supreme Court upheld an environmental order for a gold mine owned by Canada's Kinross Gold Corp to close its water pumping wells.

SQM controlling shareholder moves to block stake sale to China's Tianqi

The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court.

Chile wants lithium to be traded on LME

Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export.

Poland's KGHM focused on balance sheet, not dividends

KGHM will deliver updated strategy by year-end and it has no plans to sell foreign assets.

Chile's Codelco plans to raise $1 billion in 2019

Chile's state-owned miner Codelco, the world's largest copper producer, plans to raise up to $1 billion next year to help finance the overhaul of its existing mines.

Freeport CEO open to all options, even sale, after Grasberg

Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.

Albemarle shares drop after media report on Chile lithium quota

Shares of Albemarle Corp fell more than 2 percent on Monday.

Chile eyes new copper markets to shield economy from trade war

Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a U.S-.China trade war.

Chile regulator refuses to raise Albemarle lithium output quota -newspaper

Albemarle requested an increase of 258,446 metric tons of Metallic Lithium Equivalent but the government says the information provided was not sufficient to justify the increase.