The action has triggered severe criticism, with many are accusing authorities of an excessive use of public force.
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
A group of demonstrators, however, continued to block some access roads on Thursday morning, attempting to seize a bus that was heading to the nearby Gabriela Mistral mine.
This is the second time this year that the London-listed miner slashes its annual copper production guidance.
Things took a turn for the worse Friday, when a worker was shot dead by police near the company's smaller Salvador mine in northern Chile.
“It is a pretty tough market,” said Chief Executive Mark Cutifani, “and in all likelihood the next six months are going to be even tougher.”
The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.
The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.
According to the Chilean Copper Commission (Cochilco) it would happen due to lack of appropriate technology.
Today’s data visualization is the most simple breakdown of the world economy that we’ve seen.
This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.
It would be the first time since 2009 that Anglo has to cut dividends.
Despite the rosy outlook from Australia’s top iron ore producers, they are all facing staggering demand from their biggest customer — China.
Though very few talk about it, Codelco is still suffering the consequences of a deal it signed with China's Minmetals back in 2006.
The funds will come from the company’s own 2014 profits, as the state-owned miner gives its profits to Chile's government.
Cuts likely to be announced at the end of the month, when the miner is set to publish its first-half results.
BHP already operates the world’s largest copper mine, Escondida, which sits, quite literally, across the road from Zaldivar.
Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.
The 24-hour stoppage did not affect operations, according to the mine management.
According to the state copper commission, Chile’s portfolio of planned mining investments remains the largest in Latin America.
This is not the first time the company’s rights for its Amazonas project have been at risk of being revoked for failure of tax payments.
The company could extend a 60-day pause in effect since late May to allow locals more time to clear up their doubts about the project’s environmental impact.
Chilean company Mineria Activa is stepping up efforts to grab some of that market in a much greener way than China,
Inspections that took place between 2013 and 2014, revealed 16 infractions, nine of which were considered very serious.
After spending over US$3.3 million in exploration and development of the Liberdade copper project, Codelco is facing Vale's claims that it has an older and still valid licence for the property.
Perhaps the most important aspect of today’s agreements is the fact that both aim to form long-term strategic partnerships to collaborate on further ventures, opening new markets for all the firms involved.
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