Chile Mining News

Falling Chinese electric car production wrenches lithium price

The world’s automakers “don’t worry about lithium supply anymore” – Simon Moores.

Workers at Chile's Caserones copper mine vote to strike – union

The main union at Chile's Caserones mine has rejected operator Lumina Copper's final contract offer and workers have approved strike action.

Union official at Chile's Escondida mine predicts 'overwhelming' vote against BHP offer

Union members have until Wednesday to finish voting on the company's proposal.

Codelco's Chuquicamata copper mine hit by strike, blockage

Workers have downed tools and blocked access to the mine in protest of the "unjustified layoff" of two colleagues.

Chile's Escondida mine workers reject labor offer, to vote on strike

The vote began on Saturday and will continue through the middle of next week.

Part-owner of Chile lithium producer SQM sells $275M bond

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.

CEO of Chilean lithium miner SQM resigns

Chilean lithium miner SQM on Wednesday night announced the resignation of its chief executive Patricio de Solminihac.

Teck Resources says poised for growth, names new chair

The world's second-biggest exporter of steelmaking coal stuck to its annual production forecast of 26 million to 27 million tonnes.

C-suite moves rock lithium as industry expands in battery boom

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 final pay offer to Escondida workers falls short of union demands

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.

Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue

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.

Chile’s copper agency said US-China trade war to hit metal price

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.

Union at Chile's Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.

Strike looms after breakdown in talks at Chile's Caserones copper mine

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.

Chilean government wants conflict at Escondida to be over

The possibility of a strike was talked about over the weekend.

Copper trains ransacked by ‘Moles’ in full-moon desert heists

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.

Copper trains ransacked by ‘moles’ in full-moon desert heists

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.

Antofagasta sells electricity transmission business for $117m

Chile-focused miner said proceeds from the sale would enable it to focus on its core activity of producing copper.

BHP makes contract offer to union at Escondida mine in Chile

Labor talks at Escondida are in the final stretch before a 30-month contract expires at the end of July.

Foreign investment in Chile surges due to new law – government

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.

Foreign-backed miner drops lawsuit against Chile for control of lithium deposit

The Chilean government said Salar Blanco could apply for a special operating license for its Maricunga project.

Lithium becomes Chile’s No. 4 mining export

Shipments of the key ingredient for making batteries that power electric cars and high tech devices climbed 47% in 2017 to $684.2 million.

Antofagasta announces first mine to use 100% renewable energy

Zaldívar signed a new power plant supply agreement with Colbún to produce copper with 100% renewable energy.

Labor talks at BHP´s Escondida mine in Chile enter 'home stretch'

Labor negotiations are entering into the final three weeks before a 30-month contract expires at the end of July.

Chilean miner Mantos Copper seeks buyer to help finance expansion

Mantos Copper bought the Mantos Blancos and Mantoverde copper mines from Anglo for $300 million plus $200 million in conditional future payments.