Codelco Mining News

Workers at Codelco’s iconic Chuquicamata mine down tools

World's No. 1 copper producer says mine operating normally despite labour unrest.

Chile's Codelco agrees contract with Gabriela Mistral mine workers

The deal, approved by 91.7 percent of the union, also included 1.1 percent salary increases, Codelco said.

Altamira expands land position in Brazil

The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.

Codelco strikes contract deal with workers at Ministro Hales mine

The 36-month contract was approved by 53% of the union.

Codelco copper output, profit falls as costs rise

Mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.

Copper output to spike in world’s top producer Chile

Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.

Top copper miner's output slump adds to worry on metal shortfall

Codelco reported declines across all of its mines in September as ore grades fell an average of 5% in the first nine months of the year.

Ecuador aims to more than double mining value to GDP by 2021

Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy.

Codelco submits $1B plan to extend Salvador mine life beyond 2021

The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.

Why conflicted copper shows little consensus

World warehouse stocks are dropping, down 50% since the first of April.

Copper smelter hits cause physical squeeze in Asia

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

World’s top copper producer faces lengthy smelter halt at major mine

Chile's Codelco is in the midst of upgrading its smelter at Chuquicamata, its second largest operation by size, to comply with stricter emissions standards coming in effect in December.

Top copper miner almost sold out on strong China demand

Chinese copper demand has been so strong in the past few months that top producer Codelco has almost sold out of supplies for next year, well ahead of schedule.

After 103 years, Chile’s Codelco blasts at Chuquicamata pit for the last time

Chuquicamata, the company’s second largest copper operation by size, is expected to transition to underground block cave mining by mid-2019.

Chile's miner Codelco makes new offer to striking Andina workers

More than 80 unionized workers of the Plantas de Andina union went on strike a week ago.

Most unions at Chile's El Teniente copper mine accept contract

Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco.

Codelco goes ahead with scaled-back underground extension of Chuquicamata

The $4.9 billion-investment is part of Codelco’s 10-year, $39 billion overhaul of its core mines.

Humiliated for years, women are fighting back in Chile's mines

Mining companies around the globe are joining an industrywide push for gender equality and launching initiatives to increase the proportion of women working in mine pits, smelters and refineries.

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 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.

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.

Chile eases way for foreign-backed miner to take control of Lithium deposit

Salar Blanco, which is 50 percent-owned by Lithium Power International, has dropped a lawsuit against Chile to block state-run Codelco from exploiting a lithium deposit where both have claims.

Copper giant Chile gets ready for second round of labour talks

From the 32 contracts set to expire in 2018 at Chilean mines, there still are more than a dozen to be negotiated before year-end.

Chile injects $1bn into state-owned copper giant Codelco

The figure, though significant, is minor when taken in the context of Codelco’s $18 billion investment plan aimed at upgrading its aging mines and dealing with dwindling ore grades.

Copper price drops to 9-month low, but what about strikes?

Copper bears drop price 11% in 3 weeks, but new report shows labour contracts still up for renewal threaten 3 million tonnes of production just in Chile.