Codelco Mining News

Chile's Codelco submits final proposal in Chuquicamata union negotiations

Workers from the unions involved had rejected last weekend a proposal by the company.

Chile’s Codelco dismisses rumoured 40% copper output drop at Chuquicamata

The state-owned copper miner said that since mining at the open-pit mine ends in 2020, which is when the underground section begins commercial operations, it will able to keep productive capacity unchanged.

Chile's Codelco strikes labor deal with supervisors at Salvador mine

The deal includes a signing bonus and other benefits that total $11,600 per worker, in addition to a salary raise of around 1%.

Codelco not giving away gold watches anymore

For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years.

Chile's Codelco kicks off underground mining at Chuquicamata

More than 8,000 tonnes of ore have already been extracted since early April.

Still a way to go to achieve gender balance in the mining industry

According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.

First hybrid dump machine to cart copper at Codelco's El Teniente mine in Chile

Codelco is undergoing a 10-year, $40 billion overhaul of its aging mines, including efficiency upgrades to boost productivity and lower costs.

Codelco 'perfectly well' financed for next two years — board chairman

Codelco returns all of its profits to the state and is funded by a mix of capitalization and debt.

Revitalizing its copper mines may not be sufficient to keep Chile at the fore

Demand for copper is expected to take off by the mid-2020s, but Chile is saddled with mines facing crippling declines in ore grades and a system that allows the bulk of its exploration concessions to sit idle.

From turbines to thermostats: copper miners eye high-tech demand

Attempts to replace copper in a lithium-ion battery's anode with aluminum have failed so far, which bodes well for major copper miners.

Immersive Technologies recognizes two for mining business improvement

Immersive Technologies has announced the winners of its Global Business Improvement Award 2018.

Chile's Codelco copper output drops in 2018, profits plunge

Pizarro said 18 labor negotiations at Codelco's mines affected its bottom line but that productivity increases kept costs in line with industry averages.

Chile's Codelco to boost production at El Teniente copper mine

Output increase would position the mine, which produced 465,000 tonnes of the red metal in 2018, among the world's five largest copper operations.

SNC Lavalin 'appalled and surprised' as Codelco cancels $260m contract

SNC says it had recently updated Codelco on the status of the project, including what it called delays "that were the responsibility of Codelco."

World’s largest copper producer brings AI to its mines

The move is part of an aggressive transformation of the Chilean state-miner, which is looking at adding fresh technologies to revitalizing some of its century-old mines.

Chile's Codelco terminates contract with Canada's SNC-Lavalin at Chuquicamata mine

The Chilean state miner has terminated its contract with SNC-Lavalin at its Chuquicamata mine, accusing the engineering firm of failing to comply with work commitments.

Codelco copper smelter restart delayed – Chile mining minister

The smelter has had its restart delayed because of issues related to Canadian construction firm SNC-Lavalin, contracted for the project.

Biggest trading in copper options ever signals supply troubles

According to Citigroup analysts, copper production will trail consumption by 116,000 metric tons this year, a second straight deficit.

Chile's Codelco to ink copper deal with Ecuador-controlled miner

The 982-million-tonne Llurimagua copper project is located in the Imbabura Province, about 80 km northeast of Ecuador's capital of Quito.

Chile’s GDP gets a jolt from rising mining and investments

In the fourth quarter, total mining output increased 3.1% from the previous three-month period and 1.3% from a year ago.

Chile's Codelco continues lithium push despite slow progress — minister

Codelco will continue to develop its lithium assets, including committing $57 million for further exploration.

Codelco’s lithium push fades in favor of copper

Codelco’s lithium projects, once thought a shoo-in to boost global supply and lower prices, have largely fallen off forecasts.

Codelco expected to generate $13.9 billion in 2019

Operating costs are forecasted to be of $9.9 billion.

Codelco to kick off Chuquicamata underground by mid-year

Codelco's second largest copper operation by size is expected to fully transition to underground block cave mining this year.

Codelco ready to resume operations at Chuquicamata despite torrential rains

The wet season in the austral summer has caused havoc in northern Chile.