The country is also struggling with rising energy cost, which threatens the competitiveness of its copper industry and poses a major challenge for new developments.
Molybdenum Mining News
HudBay’s offer for Augusta finally given the nod
The deal gives HudBay control over the Rosemont project in Arizona, which has the potential to become the US’ third largest copper mine.
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.
Avanti Mining signs agreement with First Nations group over $1b Kitsault mine
Avanti Mining Inc. (TSX-V) has entered into an agreement with the Nisga’a Nation regarding the mining company’s proposed $1 billion Kitsault Molybdenum Mine Project.
Wild cat rips apart plans for giant Arizona copper mine
Vancouver firm's timeline to build 3rd largest US copper mine in doubt after sighting of endangered ocelot restarts permit consultations amid bitter takeover fight.
Former Chinese mining mogul sentenced to death
Liu Han, 48, was found guilty of 13 charges, including murder, running casinos and illegally selling firearms.
Bitter takeover battle for giant US copper mine hots up
Hudbay extends hostile takeover bid for junior Augusta Resources on Friday after shares in owner of the Rosemont copper project in Arizona are dumped.
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.
Battle royal over US copper mine
The takeover battle for an Arizona mine that's not even permitted but has the potential to transform the US copper industry is turning into a humdinger.
Codelco could tap sovereign wealth fund for needed mine expansions
The world's No.1 copper producer needs to invest roughly $30 billion in the next decade to counter dwindling ore grades in its massive mines.
Codelco workers suspected of stealing over $80m in copper
The criminal activity involved contractors and it had been going on since 2011.
Codelco unveils new copper deposits holding over 1,800 million tonnes
The world’s No.1 copper producer said the recently found deposits are all located nearby current operations.
Former mining tycoon goes on trial over mafia gang in China
Liu Han is accused of running a criminal network to build his fortune.
HudBay target Augusta says it's got nine potential buyers
Company says 'significant industry players' are among them.
Latin America gets its first diamond exchange
The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.
China hunts top party officials who protected mafioso mining tycoon
Liu Han who disappeared after cutting billion dollar mining deals in Australia and Africa, is accused of running a "mafia" gang protected by state officials.
Panama holds $200bn in mineral resources waiting to be mined — Government
The country has identified 50 billion pounds of copper reserves, 12 million ounces of gold, 25,000 ounces of silver and 250 tons of molybdenum.
Augusta shares surge as giant Arizona copper mine clears hurdle
Vancouver's Augusta Resource Corp opened 18% higher on Friday after the release of a positive environmental statement on its Arizona copper mine.
Thompson Creek CEO says goodbye, leaves behind diversified miner
Says diversification helped cushion the fall when molybdenum prices tanked.
Thompson Creek Metals company celebrates the opening of Mt. Milligan with dedication ceremony
Through September 30, 2013, the mill has produced approximately 1,600 tonnes of saleable concentrate.
EPA raid on Alaska’s gold mines triggers federal probe
Agency officials took part last month in an "armed inspection" to several gold mines near the remote town of Chicken, Alaska.
Anglo American under fire for planned gold-copper mine in Alaska
The polemic Pebble Mine project has sparked fresh opposition after BBC World News' Monday report.
