Teck, which owns 90% of Quebrada Blanca in northern Chile, is looking to sell a 30 to 40% stake to an outside investor.
Chile Mining News
Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.
Canadian miner Lundin is cutting 106 jobs at its Candelaria copper mine "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike.
Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.
Cochilco lowered its average copper price prediction for this year by $0.03 to $2.97 per pound on Thursday in its second negative projection in six months.
The company said the expansion, to start in early 2019, would add an average 60,000 tonnes of copper a year to its production over the first 15 years of operation.
Canada’s largest diversified miner has been looking for a development partner for the $4.8-billion extension of Quebrada Blanca copper mine in northern Chile.
The Vancouver-based miner acquired Altos De Punitaqui, a producing copper-gold operating company.
The applicant does not present the details necessary to rule out significant adverse impacts on the soil, water and air.
Codelco reported declines across all of its mines in September as ore grades fell an average of 5% in the first nine months of the year.
Chile, the world's top copper exporter, produced 4.25 million tonnes of copper in the first nine months of 2018.
Lithium sales rose less than 1% as production slipped due to unexpected shut downs at three of our lithium manufacturing sites - Albemarle
While lithium giants like SQM and Albemarle tangle with one another over scarce lithium brines and water, a beautiful lithium mine in Nevada’s Clayton Valley is taking shape.
Albemarle says it expects to ultimately receive approval to produce more lithium from Chilean Nuclear Energy Commission (CCHEN).
Seequent and IMDEX are collaborating to integrate IMDEX HUB-IQ, which provides access to sub-surface data.
The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.
The Zaldívar copper mine in Chile, a joint venture between Antofagasta and Barrick, will be able to replace greenhouse gas emissions equivalent to 350,000 tonnes per year, or about 87,000 vehicles annually.
The miner has bought Mason Resources despite shareholder Waterton previously requesting a moratorium on any near-term acquisitions.
The world's biggest miner promised in July to return the $10.5 billion in sale proceeds to shareholders.
The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.
The project sits atop the Incahuasi Salar and it is located on the Chile/Argentina national border some 75 kilometres southeast from the Atacama Salar.
Introducing BHP's Trommel maintenance robot.
The Gualcamayo acquisition adds 491,000 ounces of gold in reserves and 2.28 million ounces of gold in indicated mineral resources.
While the decision is final and not subject to appeal, one legal hurdle remains — Pampa Group, which controls SQM, earlier this month filed an additional appeal with Chile’s TDLC antitrust court.
Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.