The Vancouver-based miner said that management decided to leave Purickuta due to “unworkable property conditions."
Chile Mining News
Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
The new police unit has already had some success, arresting 11 people and seizing about 60 tons of mineral stolen from the copper mines.
The wet season in the austral summer has caused havoc in northern Chile.
Codelco has halted operations at its Chuquicamata and Ministro Hales copper mines; Freeport-McMoRan suspended El Abra.
Last year, Chile's total copper production rose by 6 percent to 5.83 million tonnes.
Market for lithium-ion batteries, utilized for example in electric cars and other electric equipment, is growing at an impressive annual rate of 20 percent. Due to increasing demand, a vital raw material for these batteries, lithium, is possibly one of the most valuable minerals in the foreseeable future. But what is the best place to look for the “white petroleum”?
* April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore mines * Keeps full-year profit forecast of record 640 bln yen Japan's biggest […]
Hard rock lithium concentrate swamping China drops spodumene prices 17% in January with more pain likely.
A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.
Chile's development agency Corfo doesn't know whether the county we’ll ever make vehicles, but it would like to at least see battery parts produced locally.
Chinese manufacturing shrinks at fastest pace in almost three years.
The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.
SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.
Antofagasta's copper production rose 3 percent to 725,300 tonnes last year, allowing the company to weigh potential expansion projects.
The dispute centered around a contract term that requires Albemarle to provide as much as 25 percent of its annual production of lithium at a discount.
The lithium miner, the world’s second largest producer of the white metal, has approved additional measures to protect corporate data considered confidential from China'a Tianqi, which recently bought almost a quarter of the Chilean company.
Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.
The miner produced 220,000 tonnes of the red metal in the three months to December, up 16% from the previous quarter, boosted by higher throughput and improved copper grades.
Copper price volatility is likely to be skewed to the upside.
"We rejected their proposal and have voted to strike"
Three incidents occurred during the second half of 2018 hit BHP's production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.
Robert Mayne-Nicholls has worked in companies such as Codelco, Antofagasta and Barrick Gold.
The reduction in global expectations for the price in 2019, coupled with the trade war, will keep investors away, maintaining a downwards trend in the price for the short term.