Chile is preparing major new restrictions on the extraction of water from the lithium-rich Salar de Atacama salt flats, home to top lithium miners Albemarle and SQM.
Chile Mining News
Chile's gross domestic product grew 5.3 percent in the second-quarter of 2018 which is its biggest jump in nearly six years.
Ivan Arriagada, chief executive of Antofagasta, said he expected copper prices to be affected by global uncertainty.
Playbook follows success in the iodine market
Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.
HEPS for continuing operations remained unchanged at $0.08 per share for the six months ended June 30, 2018 compared with the same period last year.
After a near 5% drop on Wednesday, news that a strike had been averted at the world's largest copper mine put a cap on hopes of a recovery for the bellwether metal.
Some of the latest battery technologies may become obsolete before reaching the market because of the breakneck pace of advances in the industry.
If company and union leaders reach a consensus, the mediation would be further extended for several days so the 2,459 workers can vote to accept or reject the new offer.
Called off strike at world's largest copper mine adds to pressure on copper price now down nearly 20% in little over two months.
Chilean copper producer Antofagasta said first-half core earnings fell 16.2 percent from a year earlier.
Chile, known for its vast copper deposits, is joining the search for cobalt amid soaring demand for a metal that’s mostly mined in the politically risky Democratic Republic of Congo, which holds 60% of the world's reserves.
The main union at Chile's Caserones copper mine said on Monday that both sides had agreed to extend government mediation of labor talks until Thursday.
Chile's copper industry on Monday braced for the announcement of a potential strike at the world's biggest copper mine, Escondida.
Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine.
Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco.
The $4.9 billion-investment is part of Codelco’s 10-year, $39 billion overhaul of its core mines.
MGX acquires lithium brine projects in Chile – rapid lithium extraction to be tested – drilling to commence shortly
MGX plans to drill and test for lithium deposits from CLS' three sites, Francisco Basin, Laguna Brava and Laguna Escondida, with the goal of bringing its rapid extraction system to the heart of the lithium triangle.
Exactly six months after hinting at the possibility of opening shop in Chile, MGX Minerals is acquiring 50 per cent of the issued shares of Chilean Lithium Salars.
Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.
The value of exports of the metal from Chile, one of the world's top producers of lithium, jumped 51 percent in the first seven months of the year.
The union had earlier asked the company to negotiate by 10:00 a.m. local time but said in a statement later on Monday that it had begun preparing for a strike.
The union at the world's biggest copper mine told the company it should prove its willingness to negotiate by Monday morning.
BHP said final wage offer rejected on Thursday was "best collective labor contract at a private mine in the country."
Workers at BHP Billiton Ltd's Escondida mine in Chile, the world's biggest copper mine, have voted to reject a company wage offer and go on strike.