While appetite for copper-mining assets is picking up, a supply crunch is imminent, experts say.
Chile Mining News
All that can be said with confidence is that, for the next few years, both supply and demand will grow strongly.
Caserones said in a statement the rest of the mine remained in operation.
The new proposal would create an exception to an existing company statute that regulates the voting power of SQM's shareholders.
Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.
French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.
Earlier on Thursday, Codelco CEO Nelson Pizarro called on workers to show restraint and moderation in negotiations.
Chile's state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever.
Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.
The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.
Failure to reach a labor deal caused a 44-day strike at the mine last year.
The 36-month contract was approved by 75 per cent of the union.
While Nelson Pizarro could well stay on as Codelco's chief executive officer, the government is putting together a shortlist of candidates.
Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation.
Pinera’s government has vowed to reactivate $50 billion in mining investments that it says have been held back by red tape.
Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027.
Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.
The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.
Best performance in three years.
Last year, a more than month-long strike at Escondida ended with workers opting to extend their previous contract through July 31 of this year instead of replacing it.
The Mayor of the city of Quilpué rejected the proposal.
The company now has an extraction quota of 88,885 metric tonnes of metallic lithium.
The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.
The boss of the world's top gold miner has bought 306,000 additional shares in the company.
Chile-focused miner is raising its dividend by 177%.