The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.
Chile Mining News
The main union at Chile's Caserones mine has rejected operator Lumina Copper's final contract offer and workers have approved strike action.
Union members have until Wednesday to finish voting on the company's proposal.
Workers have downed tools and blocked access to the mine in protest of the "unjustified layoff" of two colleagues.
The vote began on Saturday and will continue through the middle of next week.
The bond had an annual interest rate of 4.5 per cent and a duration of 15 years, Calichera said in a note to the market regulator.
Chilean lithium miner SQM on Wednesday night announced the resignation of its chief executive Patricio de Solminihac.
The world's second-biggest exporter of steelmaking coal stuck to its annual production forecast of 26 million to 27 million tonnes.
Unexpected leadership changes within a day at the world’s two largest lithium producers underscore concerns over a lack of executive experience in the industry amid a nascent boom for the battery metal.
BHP has offer workers a signing on bonus of $27,000, up from an earlier offer of $23,000, plus a 1.5% salary increase, but still well under the bonus up to $43,000 and 5% increase demanded by Escondida’s union.
Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.
The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to $3.
Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.
A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike.
The possibility of a strike was talked about over the weekend.
A common target for the thieves is Antofagasta Plc’s logistics unit Grupo FCAB, which owns and operates about 700 kilometers of railway lines used to transport cathode and semi-processed copper.
Thieves leap from trucks onto trains as they roll through Chile’s Atacama Desert, before throwing 80-kilo slabs of copper to the ground and disappearing.
Chile-focused miner said proceeds from the sale would enable it to focus on its core activity of producing copper.
Labor talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.
Foreign direct investment in Chile hit $8.48 billion from January to April, its highest level since records began 15 years ago, thanks to a new law designed to attract investment, the government investment agency said on Wednesday.
The Chilean government said Salar Blanco could apply for a special operating license for its Maricunga project.
Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million.
Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.
Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.
Mantos Copper bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments.