July 25, 2018

BHP final pay offer to Escondida workers falls short of union demands

BHP has offer workers a signing on bonus of $27,000, up from an earlier offer of $23,000, plus a 1.5% salary increase, but still well under the bonus up to…

July 25, 2018

Goldcorp reports net loss of $131 million in Q2

Guidance reconfirmed.

July 25, 2018

Antofagasta copper output up in Q2 despite Los Pelambres pipeline issue

Production in the second-quarter of the year jumped 6.1% to 163,200 tonnes, as higher output at its Centinela and Antucoya mines mitigated declines at Los Pelambres and Zaldívar.

July 25, 2018

Vale’s Q2 capex reaches lowest level since ’05

Vale announced an adjusted EBITDA of US$3.9 billion in Q2 with iron ore production of 96.8 tonnes and sales of 86.5 tonnes.

July 24, 2018

Norsk Hydro eyes restart of Brazil alumina refinery by mid-2019 or earlier

Brazilian authorities ordered Hydro in February to slash output from Alunorte, the world's largest alumina refinery.

July 24, 2018

Chile’s copper agency said US-China trade war to hit metal price

The ongoing trade war between the United States and China has forced the Chilean Copper Commission (Cochilco) to revise downwards its average copper price prediction by $0.06 per pound to…

July 24, 2018

Ecuador mining reforms good news for Lumina Gold’s project

Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.

July 23, 2018

BHP to fight class action over Samarco dam failure

Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.

July 23, 2018

Nutrien sells stake in Arab Potash to China’s SDIC

The $502-million transaction makes the Chinese company Arab Potash's majority shareholder.

July 22, 2018

Union at Chile’s Escondida mine sees little hope for contract deal

Labor negotiations at Chile's Escondida copper mine, the world's largest, are frozen without signs of progress.