Chile Mining News

Chile’s recent coal phase-out decision claims first victims

French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.

Workers at Codelco's Radomiro Tomic mine reject contract offer

Earlier on Thursday, Codelco CEO Nelson Pizarro called on workers to show restraint and moderation in negotiations.

Chilean miner Codelco says copper output, profit jumped in 2017

Chile's state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever.

Kinross closer to making decision on reopening gold mine in Chile

Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.

Japan's JXTG raises profit forecast despite $1.2bn charge

The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.

Workers at Chilean mine Escondida accept early contract talks

Failure to reach a labor deal caused a 44-day strike at the mine last year.

Codelco reaches agreement with professionals at Ministro Hales mine

The 36-month contract was approved by 75 per cent of the union.

Copper giant shortlists candidates as CEO ponders future

While Nelson Pizarro could well stay on as Codelco's chief executive officer, the government is putting together a shortlist of candidates.

Workers at Chile's Los Pelambres mine extend contract talks – industry group

Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation.

Chile preparing new law to lure foreign investment: media

Pinera’s government has vowed to reactivate $50 billion in mining investments that it says have been held back by red tape.

Electric vehicles, higher prices to boost global copper output — report

Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027.

New Chile govt undecided on blocking SQM sale to China firms -official

Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.

Poland's KGHM targets rise in Chilean copper ore output

The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.

World’s No. 1 copper miner Codelco made a $2.88 billion profit in 2017

Best performance in three years.

Chile's Escondida invites union to early labor talks

Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it.

Pinochet’s son mining permit application causes controversy in Chile

The Mayor of the city of Quilpué rejected the proposal.

Canadian miner allowed to extract and export Chilean lithium

The company now has an extraction quota of 88,885 metric tonnes of metallic lithium.

These charts show just why copper price fundamentals are so strong

The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.

Barrick chairman Thornton boosts ownership with major share buy

The boss of the world's top gold miner has bought 306,000 additional shares in the company.

Antofagasta more than doubles dividend on strong copper prices

Chile-focused miner is raising its dividend by 177%.

Chile's Codelco inks deal on Ecuador copper project

The project could become the first mine Codelco operates abroad.

Chile files complaint to block sale of SQM shares to Chinese companies

Chile’s antitrust regulator FNE will need to review the complaint.

Chile says companies to invest $754 mln in lithium industry

Chile's Molymet and China's Sichuan Fulin Industrial Group were selected in a bidding process to develop technology focused on the lithium market.

Chile approves increase in lithium quota for Albemarle

Albemarle has said it could invest $1 billion in Chile over the next five years if the plan was approved.

Antofagasta’s Los Pelambres copper mine workers vote to strike

Unionized workers company’s latest offer for a collective labour agreement.