Sociedad Química y Minera de Chile has a 5-year option to explore and earn an 80% interest in the Calvario and Mirador projects.
Copper Mining News
But the iron ore price surge won't last says new survey of commodity analysts.
Mongolia has emerged as an investment hot spot for untapped reserves.
Net proceeds from the offering will be used to continue exploration and definition drilling at the Troilus gold-copper project.
The company has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit,
The company is still positive on copper demand due to the expected rise in renewable energy and in electric vehicles.
In 2017, Chile's Superintendency of Environmental Affairs filed a notice saying the campaign violated the country's environmental regulations.
Codelco returns all of its profits to the state and is funded by a mix of capitalization and debt.
The legislation would grant automakers a $7,000 tax credit for an additional 400,000 vehicles after they reach the 200,000 vehicle cap.
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.
Attempts to replace copper in a lithium-ion battery's anode with aluminum have failed so far, which bodes well for major copper miners.
KGHM's foreign assets have struggled with rising costs, falling copper prices, technical problems and higher-than-expected capital spending.
The latest ruling raises the prospect that other companies could face legal action in England related to their activities abroad.
Reconnaissance exploration identified boulders in streams that contain up to 11.9% copper with 166g/t silver.
The miner has found further mineralization at its Cascabel copper-gold project. Cascabel is believed to have the potential to become one of the largest copper-gold assets ever discovered.
Hindustan produces around 40,000 tonnes of copper per years, but the company plans to increase production to around 200,000 tonnes by 2025.
Last year the mine produced 560,000 tonnes of copper, placing it among Chile´s top three producing mines.
The company will retain its dividend policy of paying out at least 35% of underlying net earnings, but will pay out excess funds from the proceeds of sales to shareholders,
Freeport-McMoRan plans no dividend raises, acquisitions or debt buybacks over the next two years.
Rio Tinto plans to offer technical consulting advice, as well as contribute $1 million over five years to the program.
The company is reportedly working with advisers to list in Jakarta as early as the fourth quarter.
According to Wood Mackenzie, it is the world's largest, undeveloped, high-grade copper discovery.
The company says that copper recoveries from low grade mineralized material went up following magnetite separation.
Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.
The company is planning a 1,000-metre drill program at its Alacran copper-gold deposit, part of its San Matias project in Colombia.