Lumina Copper Mining News

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 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.

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