Chile Mining News

Chile's Codelco receives approval for $1 bln desalination plant

The go-ahead from the Antofagasta region's environmental regulator will allow the company to expand its Radomiro Tomic mine.

Scientists closer to producing safer and longer-lasting lithium battery

Using a 3-D layer of polydimethylsiloxane (PDMS), or silicone, reduces dendrite growth, which makes batteries safer and longer-lasting.

Swedish Boliden innocent in Chile toxic waste dump case — court

Swedish court has ruled that local miner Boliden won’t have to pay over $12 million (100 million Swedish crowns) in compensation for health problems allegedly caused by toxic waste it dumped in northern Chile.

Barrick moves forward with plan to make every employee an owner

The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.

Codelco union leader fears privatization by new Chile president

Chile’s incoming government is working on a plan to break up Codelco into northern and southern divisions.

Tapping the lithium rush, Canadian miner stakes claims in Utah

The play by Vancouver-based MGX Minerals is part of a global scramble for the super-light metal used in smart phones and electric vehicles.

Chile to attract $65 billion in mining investments by 2038 — minister

According to minister Aurora Williams, miners with operations in the country currently spend $20 billion on support services a year and figure is set to increase.

Canadian gold miner to enter the copper business in Chile

Darien Resource Development has entered into an agreement with Artemis Mining to acquire a 100% interest in the Cristal project located in northern Chile.

Chile's Los Pelambres copper mine workers vote next week on new contract -union

The president of the union for Los Pelambres, a unit of the local group Antofagasta, said the company's proposal would be finalized no later than Friday.

SQM talks down lithium oversupply, says market to grow 80% a year

According to chief executive officer Patricio de Solminihac, the world will need at least 50,000 tonnes of lithium a year until 2023.

BHP's productivity gains are cheered by investors — and unions

BHP has said it expects to deliver $2 billion of net productivity gains by the end of the 2019 financial year.

Mandalay’s coffers suffered from Cerro Bayo’s downtime

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

Barrick to hike gold output as Newmont gets too close to being world’s top producer

Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.

Anglo American 'shows off' — doubles profits, halves debt, pays highest divvy in a decade

Company became the latest top miner to report soaring profits, hefty dividends and lighter debt burden.

Hochschild says Peru mine to bolster output this year

Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Andes Iron and Chilean ME enter conciliation process over $2.5-billion project

Andes Iron appealed an August 2017 decision that forbade its copper and iron ore project from going forward.

MGX eyeing lithium brine assets in Chile

Without changing the way it operates, the Canadian miner now wants to set foot in the world’s second lithium producing country.

Why Tesla is turning to Chile for its lithium: Andy Home

Chile is an obvious place for Tesla's chief executive, Elon Musk, to look for secure supply, as the global lithium mother-lode is in the brine lakes of the country's Atacama desert.

For Barrick Gold the Pascua-Lama hits keep coming

$429 million impairment on the stalled project after Chile environment agency ordered final closure.

Investment poised to increase in Chile – central bank survey

Chile's economy is poised to improve by mid-year as rebounding copper prices and President-elect Sebastian Pinera's promise of business-friendly policies increase optimism among investors.

Rio Tinto back in race for stake in world’s largest lithium miner

Rio’s renewed interest in SQM is welcome by the Chilean government, which had expressed concerns about a potential and dangerous concentration in the market should major lithium producers, such as China’s Tianqi, acquire the 32% interest in SQM.

Chile open to increasing SQM lithium quota to satisfy Tesla -Corfo

Tesla and SQM were exploring opportunities after Tesla expressed interest in buying "important volumes" of lithium hydroxide from SQM.

Chile's Codelco gets approvals for El Teniente mine expansion

The approvals will allow the company to modify its original expansion plan, already permitted and now 44 pct complete, which seeks to add another mine level.

Canada’s Gahcho Kue diamond mine boosts Anglo American output, but copper flat

The company beat expectations on Thursday with a 5% increase in 2017 production.