Chile Mining News

Antofagasta sees 2018 costs to reach $1bn on Pelambres expansion, equipment

Chile-focused miner also expects costs to rise on tailings dam expenditure.

Aurubis buys Codelco's shares in Deutsche Giessdraht

The parties have agreed not to release the transaction price.

Copper miners challenged by water supply

"Water demand will increase because it will be necessary to process more material to obtain the same amount of copper": Wood Mackenzie.

Chile’s regulator orders permanent closure of Barrick's Pascua-Lama mine

Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.

Rio Tinto pulls offer for stake in world’s largest lithium miner

Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.

Chile's Andina mine to be modified to protect glaciers

Codelco will invest $250 million to modify the shape of the current pit.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Chile and Argentina to lead lithium output growth after 2018

The bulk of new capacity would come online in 2019.

Mining in 2018: Copper price to power on

Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices

Copper rallies to three-year high as China plant halts output

Ninth gain puts red metal on longest winning streak since 2004.

Spain’s OHL to oversee El Teniente’s tailings facility

The Madrid-based firm signed a $20-million-dollar contract.

Workers end strike at Teck’s mine in Chile

Union No. 1 was asking for a bonus scheme that would put the organization on equal footing with the Quebrada Blanca's two other unions.

Chile's Antofagasta reaches wage agreement at Centinela mine

Chilean miner Antofagasta Plc said on Wednesday it had reached a new wage agreement with unionized workers at its Centinela mine.

Chile politics put Potash in tight spot on SQM stake sale

There is a lot at stake for Potash Corp, which purchased its interest in SQM piecemeal a decade ago and could stand to earn billions in the transaction.

Copper bears beware as strike risks rise in top producer Chile

Copper forecasters are reassessing their projections as the top-producing country prepares for its busiest year ever for wage talks.

Antofagasta has a new project in Canada

This is the second deal the Chilean miner signs with Vancouver-based Evrim Resource.

Workers at Chile's Quebrada Blanca mine set to strike

Union at Teck Resources' Quebrada Blanca copper mine in Chile set to strike after contract talks mediated by the Chilean government failed to reach deal.

Copper giant Chile gears up for busiest year ever of wage talks

Chilean mines will negotiate contracts with 32 unions next year, representing about three-quarters of the country’s copper output, or about one-fifth of world production.

Chile’s Codelco hiring for underground expansion of Chuquicamata

About 150 workers will be pre-selected as a result of the process, which closes on Dec. 24. They’ll join the over 1,100 employees already working on the much-needed project.

World's top copper miner wants CEO to stay to contain costs

“A lot of people including myself are promoting the idea that Nelson continues on as CEO for a couple of years if possible,” said chairman Oscar Landerretche.

PotashCorp CEO confirms Chinese interested in lithium producer SQM

Chinese firms have shown “broad interest” in buying PotashCorp’s stake in the Chilean lithium producer SQM, according to chief executive Jochen Tilk, who declined to name interested parties or the number of bids the company has received.

Copper execs see balanced market, warn on rising costs, regulation

Representatives of major mining companies believe the global copper market will be balanced for the foreseeable future even as mine supplies tighten and demand from China, the world's top consumer, remains strong.

Chile's Codelco copper output dips but company posts profit

Codelco Chief Executive Pizarro said company produced 1.24m tonnes of copper in January-to-September period, a 3 percent decline from same period last year.

Chile’s Escondida workers on strike to protest layoffs

Union claims BHP has laid off about 3% of the mine's workforce without a "legitimate reason."

Escondida to lay off 3% of its workforce

Officials for the world’s largest copper mine say they are “adjusting production processes.”