The biggest winner was Anglo American (LON:AAL), which briefly posted its biggest ever one-day percentage gain, closing later still 15% up compared to the previous session.
Glencore Mining News
The country's biggest opposition party said the mines minister and state power utility made Glencore sell its Optimum coal operation.
Top miners BHP Billiton, Rio Tinto, Vale and Anglo American are among the firms at risk of rating downgrade.
Miners suffering fresh sell-off as oil price falls and the IMF lowers growth forecast for China, rattling investors.
Three of the world's top mining companies are now trading over 90% below their boom year highs as the 2016 commodity sell-off gathers pace.
Aaron Regent "is competing against a small number of Chilean-focused operators" for Glencore's Atacama copper mine according to reports.
Codelco chairman, Oscar Landerretche, wants the government to scrap the country’s Copper Law, which forces the firm to give 10% of its annual export revenue to the Armed Forces.
The fresh collapse dragged main producers down, with BHP Billiton, the world’s largest miner, hitting a decade-low.
Two of the largest banks in the world and the biggest commodities trader have been found to be innocent of claims that they fixed zinc prices.
Gold and oil benefited from the collapse, while base metals and most diversified miners suffered from it.
Official figures contradict recent local reports showing that most copper miners in the country are barely breaking even at current metal prices.
Chief executive Nelson Pizarro said output will, however, remain untouched.
For all the wrong reasons.
The company will start cutting nearly 80% of its workforce at its Collinsville coal mine in March next year, as it dials back mining at the site.
BHP Billiton and Rio Tinto have significantly cut their investments in coal, while repositioning behind the scenes.
Glencore's struggling South African unit, Optimum, which is currently embroiled in a dispute over the price of coal with power utility Eskom could be sold off, a firm appointed to rescue the troubled business said.
World's five largest mining companies together have lost an astonishing $570 billion in market value since 2011–the worst period of performance since 1966.
The ongoing slump in copper prices spells trouble for Chile's mining industry, where most medium-sized producers are already unable to make a profit.
The stock ignored news from Zambia where President Edgar Lungu said he would not allow the firm to lay off workers at its Mopani Copper Mine, as it mothballs it for 18 months.
The Vancouver-based streaming company says the deal immediately adds expected average silver production of 5.1 million ounces per year.
The drastic move makes of Codelco the mining company that has let go the highest amount of workers in Chile since copper prices began their decline over a year ago.
In 2011, during the peak of the so-called “mining boom”, the sector was worth nearly US$2.5 trillion.
The world's No.1 copper miner will keep output targets and won't make major changes to its $25 billion investment plan.
The National Union of Mineworkers (NUM) and the Chamber of Mines, which has been negotiating on behalf of the country’s main coal producers, will sign the agreement later today.
Glencore's Cobar in New South Wales and Chile operation Lomas Bayas could fetch anything between $500m and $1 billion.