Lumina Copper Mining News

Japanese owner of Chile’s Caserones copper mine said to be mulling sale

Asked about it, however, JX Nippon Mining — the metal unit of JXTG Holdings — declined to comment, adding it was not something that has already been decided.

Lumina Copper halts Chilean mine operations after worker's death

The cause of the accident that killed an employee of service provider Global Group Ingeniería is under investigation.

Lumina Copper faces charges, up to $55m fine for environmental breaches in Chile

This is not the first time the Chilean watchdog has fined Lumina.

JX Nippon Mining, Mitsui dodge strike at Chile's Caserones mine

Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.

Strike looms after breakdown in talks at Chile's Caserones copper mine

A union representing workers at Lumina Copper's Caserones mine in Chile said on Thursday that contract negotiations with the company had failed, paving the way for a potential strike.

Chile’s Caserones copper mine a pain in the neck for Japanese owners

The mine, behind schedule ever since it began producing in May 2014, has been affected by a series of technical problems in its ramp-up phase, costing its owners hefty impairment charges.

Chile's Caserones copper mine close to reach full capacity after weather forced 3-week shutdown

The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.

Chile’s court confirms 2nd highest fine in history for Caserones mine

The copper mine, property of Japan's top smelter JX Nippon Mining & Metals, will have to pay $10.8 million for breaching environmental rules.

Chile’s floods: What others are not telling you

While miners operating in the affected area did not reported any serious damage, blocked roads forced some to halt operations and the final costs remain to be seen.

JX, Mitsui Mining halt Caserones mine, to take a $421M write down

The company said the suspension of operation at the copper is momentary, as northern Chile is being hit by torrential rain and snow.

Codelco pre-tax profits down despite output increase

Pre-tax profit for the year was a bit over US$3 billion, a decline of $760 million when compared to 2013.

Former Chilean president slams Codelco’s governance, calls for greater autonomy

He sees it as a key part of the firm's ambitious investment strategy, which in the next stage will plow $25 billion to overhaul older mines.

Japan, Chile sign mining deals

Japan already allocates 90% of its investment in Chile to mining.

Codelco’s new CEO to lead the copper miner’s $25 billion revamp

Nelson Pizarro (73) will carry out the biggest investment plan in Codelco’s history.

First Quantum to buy Lumina Copper for $470M

Acquirer is down.

Chile’s Codelco appoints interim CEO

Octavio Araneda, VP of the company's central-south operations, will serve as interim CEO until a new leader is picked.

'Iron lady' will define future of world’s top copper producer

Laura Albornoz, the first woman appointed director of Chile's owned Codelco, is meeting unions next week as she gets ready to vote on the company's budget.

Codelco removes CEO Keller after clash over cost cuts

Keller had been commended for his efforts to overhaul old mines and cut costs at Codelco, but his tough style is said to have triggered tensions within the company and its powerful unions.

Chile's Bachelet likely to name new Codelco chief next week

The announcement could come anytime before May 21, when the President is scheduled to address the nation.

Lumina Copper: good things come to those who wait

For a while, Lumina Copper (LCC) shares defied gravity. As of Mar. 28, when shares closed at $17, the stock had a one-year return of 150% — while most TSX Venture stocks were getting pummelled.

Lumina Copper Corp. and Lumina Royalty Corp. Announce Closing of Arrangement

Lumina Copper and Lumina Royalty announced that they have closed their previously announced arrangement. Under the terms of a statutory plan of arrangement which received shareholder approval on June 7, 2011 (the "Plan of Arrangement"), the shareholders of Lumina Copper (the "Shareholders") each received, as a distribution in respect of a reduction of capital, one common share of Lumina Royalty for each common share of Lumina Copper