Chile Mining News

Atacama eyes first resource estimate in Chile

As the extent and depth of its low-grade gold project Cerro Maricunga grows, so follows Atacama Pacific Gold's (TSX-V: ATM) shareprice. Since the start of the year the latter has climbed from around $3 a share to just over $5 as Atacama released a slew of drill intercepts outlining three, semi-contiguous areas of gold mineralization at Cerro Maricunga, 100-km northeast of Copiapo, Chile

World's No.3 copper mine, Collahuasi, lifts force majeure

Chile's Collahuasi, the world's No. 3 copper mine, said on Friday it had lifted a force majeure on copper concentrate exports imposed after an accident at its key sea terminal in December.

Chilean court suspends order to halt Codelco copper smelter

A Chilean court on Thursday suspended an order to halt world No. 1 copper producer Codelco's Ventanas smelter following an environmental incident, and the state miner said it would normalize operations as soon as possible.

Codelco to halt Ventanas smelter after court order

World No. 1 copper producer Codelco said on Wednesday it was preparing to halt its Ventanas smelter after a court ordered it to do so following an environmental complaint.

BHP Billiton approves USD554 million investment at Escondida

BHP Billiton today announced approval for the Escondida Ore Access project (EOA), the first of a number of development options that will underline Escondida’s status as the world’s premier copper operation. The EOA project will relocate the crushing and conveying facilities currently located inside Escondida’s main pit to improve access to higher grade ore and thereby support higher production from 2013. The project is expected to cost US$554 million (US$319 million BHP Billiton share) and will be completed by mid calendar year 2012.

Next Generation Mining Latin America Summit 2011: Lack of skilled labour increases costs to mining industry

As the mining industry continues to wrestle with skilled and experienced workers, what does it mean for mining companies’ bottom line - particularly in Chile where copper mining accounts for 49 percent of exports?

World's top copper miner sees strong metal prices continuing for some time

Global No. 1 copper producer Chile's Codelco said Friday its 2010 output dipped but should be steady this year, and expects strong Chinese demand, Japan's recovery after a natural disaster, as well as new uses to stoke demand. Codelco said profits surged 47 percent to $5.8 billion in 2010, with a rise in copper prices to record highs more than compensating for a 0.8 percent fall in production from 2009 to 1.688 million tonnes. [ID:nN08136598]

Antofagasta to pay 100c per share special dividend

Antofagasta will pay a special dividend of 100 cents a share, the Chilean miner said on Tuesday as it posted a jump in full-year earnings on higher copper prices and production. Earnings per share rose to 106.7 cents, from 67.7 cents, as revenue grew 54.5 percent to $4.58 billion.

Outotec to deliver a waste treatment plant for world's No. 1 copper miner

Finnish headquartered metallurgical technology specialist Outotec has been awarded a contract to supply the copper effluent treatment at Codelco's new MinaMinistro Hales project.

Chilean mine rescue capsule to be on display in Toronto at upcoming Prospectors and Developers Association of Canada (PDAC) convention

One of the three rescue capsules built to rescue 33 Chilean miners trapped underground last year will be on public display at the Prospectors and Developers Association of Canada’s International Convention, Trade Show and Investors Exchange, to be held at the Metro Toronto Convention Centre (south building) from Sunday, March 6 to Wednesday, March 9.

Codelco warns copper prices could be curbed by rising oil prices

A further rise in crude oil prices will dampen copper prices, though demand from key buyers in China, the United States and Europe so far looks solid, a senior executive at the world's top copper producer Codelco said on Wednesday.

AMEC awarded major Chilean iron ore EPCM contract

Compañía Minera del Pacífico has awarded the EPCM contract or its Cerro Negro Norte iron ore mining projects to international engineering firm AMEC International engineering and project management company, AMEC, has been awarded an engineering,

Behre Dolbear highlights the best countries for mining investment

“Worldwide, Canada, Australia, Brazil, and Chile will likely remain the best jurisdictions in which to invest in and develop mining projects. Each of these nations will likely continue to see economic growth and mining investment.” This comment comes from a report, 2011 Ranking of Countries for Mining Investment Where ‘Not to Invest’. Most of us will agree with the company’s statement “the mining industry is vital to the creation of wealth and prosperity in any country. Countries that stifle it with detrimental political, economic, financial, and regulatory policies should be challenged to make changes that are more accommodative to its success.”

Production up and costs down at New Gold

New Gold was up 2.20 percent on the TSE on Wednesday morning after announcing record production and lower cash costs. The mid-sized miner, with properties in the United States, Mexico, Australia, Canada and Chile, said […]

Collahuasi says port repair to take 3 months

Chile's Collahuasi copper mine said on Tuesday repairs to a damaged shiploader at its Patache port would take around three months, as it seeks to normalize deliveries and lift a month-long force majeure. Reuters reports:

Chile's Codelco to invest $16bn 2011-2015

Chile's state copper giant Codelco will invest over $16-billion between 2011-2015 and expects copper prices to remain strong in the long-term, the miner said on Thursday.

Collahuasi strike comes to an end

Workers and management agreed on Monday to end the 32-day long strike, the longest-ever at a major private mine in Chile. Miners will return to work during Tuesday's first shift. Read more

IT played role in rescuing trapped Chilean miners

IT played its role in the fantastic rescue last month in Chile (http://www.im-mining.com/2010/10/14/san-jose-rescue-proceedingsuccessfully-first-miners-out/). The collapse in the San José mine occurred on August 5 and on August 11 Maptek received a call from the team that […]

Special Grinding Mill Linings to Chile

Metso has supplied special, chromium-molybdenum steel mill linings for one 40'x25.5' SAG mill and two 26'x42' ball mills for the expansion of the grinding plant at the Chilean Los Bronces mine, which belongs to Anglo […]

Barrick selects Maptek™ technology for Pascua-Lama project

Barrick has selected the Maptek Vulcan™ mine planning and scheduling tools for implementation at the new Pascua-Lama project in South America. The open pit gold–silver project, straddling the border between Chile and Argentina, is the […]

White Mountain Readies Cerro Blanco Titanium Project for Final Feasibility

White Mountain Titanium Corporation is making preparations for the start of the final engineering feasibility study at its Cerro Blanco titanium project in Region III of Northern Chile.  Read more

Bergteamet to assist with rescuing trapped miners in Chile

Bergteamet AB, leading underground mining contractor in Sweden, is participating as a partner in the rescue operation of the 33 trapped miners in the San Jose mine in Chile. Read more

SPT North Seeking Gyro locates trapped miners in Chile

Stockholm Precision Tools is proud to announce that SPT North-Seeking Gyroscope Survey instrument made a great contribution to the industry and society on August 22nd 2010 by saving the life of 33 miners in a […]

Cheaper desalination options and cheap power can help mines that are short of water

A number of high profile desalination plants have been built by mines, for example in Chile. One of the main deterrents to this option is the high power cost involved. This may be overcome using […]

Outotec to deliver a copper plant for Minera Lumina Copper in Chile

Outotec has agreed with Minera Lumina Copper S.A. on the delivery of a copper solvent extraction and electrowinning plant for the Caserones project, located in high mountains in northern Chile. The contract value is approximately EUR 65 million.