Over the past decade, mining investment in Latin America has more than doubled, even after experiencing a sharp drop in 2009. According to a report by the Metals Economic Group, Latin America is now the primary destination for mining exploration investment in the world, with 25% of total investment going to Chile, Peru, Brazil, Colombia, Mexico and Argentina.
Chile Mining News
Can it really be worse than last year, when the copper price dropped 26% in a single month?
Chile’s copper export revenue fell 8% to about $3.6 billion in April 2012, compared to the same period last year, when it was lifted by high prices of the commodity, the country’s Central Bank informed today.
Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down over 4% at 11:20 ET after the company announced yesterday that its first-quarter copper production fell almost 13% amid rising development and maintenance costs.
Mine access roads blockaded by contractors at BHP Billiton's Escondida mine have been re-opened.
Contract workers blocked some roads to Chile's Escondida copper mine, the world's largest, on Thursday in a bonus dispute, although production operations weren't halted
Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.
The Supreme Court of Chile suspended Goldcorp's (GG: NYSE; G: TSX) environmental permit for the El Morro copper-gold project.
For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.
The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.
Before coming to Santiago, I had thought of Chile as a place of copper mines. Today I learnt that gold was and is a major mined product of Chile.
Teck Resources' epic $5.6 billion Quebrada Blanca copper-molybdenum mine expansion has taken another step ahead.
Beginning May this year, PROJECT SUPPLY Ltd. (PSL)., a complete solution provider focused in the mining industry, will represent the sales of WESTECH mining equipment in Santiago, Chile.
Diversified miner Anglo American Plc. (LON:AAL) announced today the 14th Civil Court of Santiago has rejected state copper giant Codelco's latest petition to freeze 49% of the dividends paid by the Sur Division of the London-based miner.
A senior trader in the red metal says “the miners are all lying” about the chances of their projects actually coming on stream.
Chile will not be able to keep mining for copper, gold and other minerals if the government does not address the country's pressing energy needs, a mining conference in Santiago heard this week.
South American Silver has inked a $16 million deal with Asian investors to go towards its exploration projects in Bolivia and Chile.
Chile's state-owned mining company Codelco, the world's largest copper producer London-based Anglo American (LSE: AAL) should try reaching a negotiated solution to the ongoing dispute about Codelco’s stake in Anglo’s Sur unit, said British ambassador to Chile, Jon Benjamin.
Copper prices will continue dipping but only until the middle of this year, at which point they should start rising again, according to the latest Thomson Reuters’ GFMS Copper Survey and members of the industry.
US-based Southern Copper and Australia's Oz Minerals are both looking to acquire assets in South America, according to media reports Wednesday.
A takeover of the Chilean assets of a small Australian firm two years ago has given Kingsgate Consolidated the opportunity of developing another silver mine.
Chile’s state-owned mining company Codelco, the world’s largest copper producer, reports normal operations following an early morning earthquake northeast of the port city of Valparaiso and which registered 6.7 on the Richter scale.
Canadian Prime Minister Stephen Harper and Chilean President Sebastian Piñera signed yesterday an agreement to upgrade the free trade deal between their two nations, which will benefit several miners with presence or planning to explore in the South American country.
1,300 exhibitors, 5,000 new products, 35 countries represented, 70,000 visitors and nearly $1.7 billion in future business is the result of ExpoMin 2012, the world mining congress held April 9 to 13 in Santiago, Chile.
The world's largest copper miner has been forced to buy from other miners and traders to meet its deliveries to customers, a rare move that underscores how the mining industry is struggling to lift output to meet demand for the red metal.