The miner beat estimates after logging a 16% jump in Q3 nickel production, taking total output of the metal this year to 201,400 metric tons.
The giant copper miner is also planning to sell about $8 billion of bonds over the next five years to help finance a nearly $30bn investment program aimed to revamp its aging mines.
The firm is developing a trio of staggeringly huge copper deposits on the Chilean-Argentine border that contain a total of over 28 billion pounds of copper and 19 million ounces of gold resources (only two of the deposits have resource estimates on them).
The country’s environmental authority criticized the Top Court decision saying the miner conducted proper consultation with local indigenous groups and shouldn’t have to do it again.
The shine may soon come off Chile's decade-long copper boom as technical and regulatory problems in getting new mines into production highlight just how hard it will be to keep ratcheting up the supply.
The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.
The drop was mainly due to reduced shipments from Codelco and Collahuasi, official figures show.
AkzoNobel will present a paper at IMPC 2014, in Chile, proving a new three-component anionic collector for phosphate ore flotation that meets all the requirements for flotation efficacy and sustainability.
Ex-billionaire Eike Batista’s main mining unit became the third of his companies to file for bankruptcy protection in a year.
The future of the proposed $5 billion Conga copper and gold project in Peru remains in limbo as its main opponent was recently re-elected governor of the region where the project is situated.
Despite iron ore prices touching rock bottom, the top three producers have no plans to slowdown production. Quite the contrary.
The head of the iron ore division, Andrew Harding, defens Rio's own plans to ramp up ore production.
Chile’s government will seek talks with large-scale mining companies to make more land available for smaller mineral explorers as it seeks to expand the copper industry, the world’s largest.
Once again the mining giant's $3.9 million project can't move forward until local indigenous groups who oppose it are better consulted.
Jailed Gregorio Santos is set to win the re-election in the country’s gold-rich Cajamarca region, casting fresh doubts on the future of the long-delayed copper and gold project.
While BHP gets ready to further expand iron ore output, Glencore's Glasenberg warns the move will make investing in African iron ore a less appealing prospect.
Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.
In the official opening the firm said it expected to start shipping from Sierra Gorda in November
The company was granted final permits for its long-delayed and three times more expensive than originally expected Minas Rio iron ore project.
The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.
Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.
The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.
Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.
Up nearly 4% on Monday; rallying after weeks of intense selling.
The internal probe is reportedly focused on claims that BSGR bribed Guinean officials to get lucrative rights over Simandou.
Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.
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