Chile Mining News

CESCO’s Chile copper week coming in April

Chile's Centre for Copper and Mining Studies, CESCO, is holding this year's Cesco Week from 16-19 April in Santiago. This copper focussed event brings together major players in the mining sector from around the world that have a special emphasis on Latin America, as well as metal processing companies, investment banks, traders, engineering and shipping companies, amongst others.

Goldcorp insists El Morro going ahead

Goldcorp. Inc. (TSX:G) says development will continue as planned on the $3.9-billion El Morro copper and gold project unless Chile's supreme court upholds a decision that rescinds its environmental permit.

Mandalay Resources Corporation announces fourth quarter and 2011 full year financial results

The Company is on track to deliver significant earnings, EBITDA and cash flow growth again in 2012 as we expect the Cerro Bayo silver-gold mine will reach full production by the fourth quarter and the Costerfield gold-antimony mine will achieve more stable operations

Chile court suspends approval of Goldcorp's $3.9 billion El Morro project

Chile newspaper La Tercera is reporting that an appeals court has suspended environmental authorization for Goldcorp's El Morro project over objections by local communities. Construction of the mine was due to commence in September this year at a cost of $3.9 billion over five years.

Canadian Mandalay Resources resumes operations in Chile

Canadian miner Mandalay Resources (TSX: MND, MND.WT) resumed operations at its Cerro Bayo project in Chile today, after protestors removed blockades, allowing supplies in and out of the mine.

Antofagasta Minerals CEO quits a week before 2011 results

In an surprising move, London-listed, Chilean copper producer Antofagasta PLC (LON:ANTO) announced that the chief executive of its copper division, Marcelo Awad, had agreed to quit.

South American mining boom is now in the rearview mirror: Citigroup

In Latin America the decade-long bull run for mining and hydrocarbons is mostly behind us, according to Jason Press, a regional specialist analyzing equities for Citigroup.

Chile Copper Giant Codelco to invest over US$4.3 bln in 2012

Chilean state giant Codelco, the world's biggest copper producer, plans to invest over US$4.3 billion this year, said the company’s president Diego Hernandez said on Tuesday

Latin America leads global mining exploration spending again

Latin America remained the most popular exploration destination, attracting 25% of global explorations spending in 2011, said to the Halifax-based Metals Economics Group's World Exploration Trends report released on Sunday.

New Gold announces record financial results in 2011 with 212% increase in earnings and 23% increase in net cash generated from operations

New Gold Inc. ("New Gold") (TSX and NYSE AMEX:NGD) today announces financial and operational results for the fourth quarter and year ended 2011, with record annual earnings and cash flow. The company, once again, met its production guidance achieving record annual production of 387,155 ounces during 2011 at a total cash cost(1) per ounce sold, net of by-product sales, of $446 per ounce.

Finning to invest US$350 million in Chile this year

Canadian company Finning International Inc. (TSX:FTT), Caterpillar’s equipment distributor in Chile, announced it will invest over US$350 millions in the South American country the year.

Chile January copper output tumbled 7.6%

Copper output in Chile, the world's largest copper producer, tumbled 7.6% in the last 12 months to 396,341 metric tons, the National Statistics Institute (INE), a government statistics agency, announced this morning.

Chile introduces employment program to encourage women in mining

The Chilean government has launched an innovative employment program that aims to allow more women to work within the mining industry. The program will be launched in the northern regions of Tarapaca, Atacama and Coquimbo to begin with and then spread to other regions later in the year.

Canadian Mandalay Resources delays shipments to Chile due to ongoing protests

Canadian miner Mandalay Resources (TSX: MND, MND.WT) announced today that scheduled shipment of concentrate for February from the Cerro Bayo silver-gold mine in Chile has been delayed due to increasing public protests in the south of that country.

New Brunswick is the new world's top mining jurisdiction

Eastern Canada’s New Brunswick claimed the top spot at the world’s most attractive jurisdiction for mineral exploration and development list, released by the Fraser Institute today.

Chile the largest copper producer and the country with the biggest reserves — USGS

Chile is not only the largest copper producer in the world, but also the country with the largest worldwide reserves of the red metal, reveals the latest commodity report by the U.S. Geological Survey (USGS).

Chile Collahuasi mine resumes operations after snowstorm halt

Collahuasi, the third largest copper mine in the world, resumed operations this morning after a snowstorm halted production on Sunday, publishes online news outlet Terra.cl

Two of the 33 Chilean miners trapped in 2010 back to work

Two of the 33 Chilean miners trapped during 69 days underground in 2010 are back in the mining world, after over a year of vain efforts to find a job, reports local online news site SoyCopiapo.cl.

Chile Drought Threatens Power at Mines as Reservoirs Dwindle

Chile’s two-year drought has reduced water levels at reservoirs that supply power dams to 40 percent of capacity, threatening electricity generation for the country’s copper mines.

Rio Tinto and BHP to finance huge expansion at Escondida in Chile

A week after announcing substantial profits and the expansion of their vast Western Australia iron ore operations, BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE:RIO) said yesterday that they would spend $US 4.5 billion on the Escondida copper mine in Chile.

North Arrow Minerals signs letter of intent to acquire copper and gold mine in Chile

Canadian Business reported that North Arrow Minerals Inc has signed a letter of intent to acquire 100% interest in the El Tesoro project in Chile to help it acquire new copper and gold resources.

New Putzmeister mining range at Expomin

At the forthcoming Expomin show in Santiago, Chile from April 9-13, Putzmeister Underground Division is to present its latest series of shotcrete equipment and a new low-profile concrete mixer as a complete system for shotcreting in mining. With the SPM 4210 WETKRET series Putzmeister believes it has reached a new stage in the development of shotcrete equipment for mining; while the new MIXKRET 4 low-profile concrete mixer truck has been designed to complement and improve the shotcreting process in mining.

Japanese firms to enter the lithium industry in Chile

Japanese companies such as Samsung, Toyota, Mitsubishi and Sumitomo are evaluating the recently opened option to tap into the lithium industry in Chile, local newspaper Diario Financiero published on Thursday.

BHP Billiton expects "significant increase" in copper production at Escondida mine in Chile

BHP Billiton (NYSE: BHP), the world’s largest mining company, expects to increase production at its Escondida copper mine in Chile to over 1.3Mt/y in the 2015 financial year, said CEO Marius Kloppers yesterday in a webcast to discuss fiscal H1 results.

Honduran mining set for boost from new mining law

Honduran officials are enacting regulations and signing trans-border agreements aimed at attracting new mining investment to the country.