This is not the first time the Chilean watchdog has fined Lumina.
Mitsui Mining News
Mitsui Mining and Smelting Co Ltd plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year.
Main mine union accepted an adjusted contractual offer, which marks the end of the negotiation process and removes the threat of a strike.
The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.
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.
The mine, which began producing in May 2014, has suffered a series of technical problems in its ramp-up phase.
The firm created a new division in April to evaluate deals in those areas, and in the past six months has made mining infrastructure-related investments in the U.S. and Africa.
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.
Japan already allocates 90% of its investment in Chile to mining.
Follows signing of FTA seen as major opportunity for Australian miners.