Chile Mining News

Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue

Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.

Chile’s copper agency said US-China trade war to hit metal price

The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3.

Union at Chile's Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.

Strike looms after breakdown in talks at Chile's Caserones copper mine

A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike.

Chilean government wants conflict at Escondida to be over

The possibility of a strike was talked about over the weekend.

Copper trains ransacked by ‘Moles’ in full-moon desert heists

A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.

Copper trains ransacked by ‘moles’ in full-moon desert heists

Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.

Antofagasta sells electricity transmission business for $117m

Chile-focused miner said proceeds from the sale would enable it to focus on its core activity of producing copper.

BHP makes contract offer to union at Escondida mine in Chile

Labor talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.

Foreign investment in Chile surges due to new law – government

Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.

Foreign-backed miner drops lawsuit against Chile for control of lithium deposit

The Chilean government said Salar Blanco could apply for a special operating license for its Maricunga project.

Lithium becomes Chile’s No. 4 mining export

Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million.

Antofagasta announces first mine to use 100% renewable energy

Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.

Labor talks at BHP´s Escondida mine in Chile enter 'home stretch'

Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.

Chilean miner Mantos Copper seeks buyer to help finance expansion

Mantos Copper bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments.

Copper giant Chile gets ready for second round of labour talks

From the 32 contracts set to expire in 2018 at Chilean mines, there still are more than a dozen to be negotiated before year-end.

Chile injects $1bn into state-owned copper giant Codelco

The figure, though significant, is minor when taken in the context of Codelco’s $18 billion investment plan aimed at upgrading its aging mines and dealing with dwindling ore grades.

China’s No.1 maker of battery cells for EVs to build plant in Germany

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

Copper price drops to 9-month low, but what about strikes?

Copper bears drop price 11% in 3 weeks, but new report shows labour contracts still up for renewal threaten 3 million tonnes of production just in Chile.

Copper sinks on the wrong sort of supply disruption: Andy Home

Disruption to copper's supply chain has taken place at the refined metal segment of the chain, distorting trade flows but not directly removing units from the supply-demand balance.

Yamana kicks off production at Argentina’s gold-silver mine

The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.

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.