Buenaventura sees Antofagasta as ally in copper growth plans

Mining News Pro - After a few weeks digesting Antofagasta Plc’s surprise entry into its shareholder register, Buenaventura sees the new investor as an ally in its copper growth plans rather than a rival eying control of the Peruvian firm.

Antofagasta goes ahead with $4.4 billion Centinela expansion

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) is going ahead with the planned $4.4 billion construction of a second concentrator at its Centinela copper mine in the country’s north, which will add 170,000 tonnes copper-equivalent a year to the company’s overall production.

Buenaventura stock surges as Antofagasta takes 19% equity position

Mining News Pro - Buenaventura saw its shares surge in New York after the Peruvian miner disclosed that Chilean multinational Antofagasta plc has acquired an approximate 19% equity stake in the company.

Workers at Antofagasta copper mine approve contract offer, averting strike

Mining News Pro - Workers at Antofagasta’s Centinela copper mine in Chile have voted overwhelmingly to approve a new labor contract, their union announced on Thursday, averting a possible strike.

Antofagasta, union extend talks to allow contract vote

Mining News Pro - Workers at Chilean copper miner Antofagasta’s Centinela mine and the company agreed to extend talks to allow workers to vote on a new contract offer, the union said on Wednesday.

Antofagasta loses bid to revive Minnesota copper-nickel project

Mining News Pro - A US judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta Plc to restore canceled mineral leases for a proposed $1.7 billion Minnesota copper and nickel mine, which the Biden administration had blocked over concerns it could pollute a major recreational waterway.

Antofagasta profit jumps despite lower copper prices, boosts dividend

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the world’s transition to a greener economy.

Antofagasta’s Arriagada, Collahuasi boss frontrunners for Codelco’s top job

Mining News Pro - Chile’s state-owned Codelco, the world’s top copper producer, is said to have narrowed down the names for the company’s potential new chief executive to about five candidates, including Antofagasta’s (LON: ANTO) CEO Iván Arriagada.

Chile’s drought hits Antofagasta’s copper output in Q1

Mining News Pro - Chilean miner Antofagasta (LON: ANTO) said on Wednesday its copper output fell in the March quarter from the previous three months due to water shortages in the home country, which has been hit by a decade-long drought exacerbated by climate change.

BHP, Antofagasta call for more dialogue in Chile copper royalty proposal

Mining News Pro - BHP and Antofagasta Minerals called on Tuesday for greater government dialogue to prevent a controversial copper mining royalty project from affecting competitiveness.

US blocks mining in parts of Minnesota, dealing blow to Antofagasta’s Twin Metals copper project

Mining News Pro - The US Interior Department on Thursday blocked mining in part of northeast Minnesota for 20 years, the latest blow to Antofagasta Plc’s Twin Metals copper and nickel mining project but a step officials said is needed to protect the state’s vast network of interconnected waterways.

Antofagasta 2022 copper output down 10%

Mining News Pro - Chilean miner Antofagasta on Wednesday reported a 10.4% fall in 2022 copper output, as lower ore grades and a drought in Chile continued to hurt production.

Antofagasta’s Los Pelambres mine in Chile hit by blockade

Mining News Pro - Antofagasta said on Thursday access to its Los Pelambres operation in Chile’s Coquimbo region is being blocked by a “small group of people, without connection to any specific incident or situation”.

Antofagasta faces charges, fines for environmental breaches in Chile

Mining News Pro - The agency said on Wednesday that audits carried out at the mine site between June 2019 and January 2020 confirmed a community complain. This claimed the operation’s use of water was a threat to the Loa frog.

Union at Antofagasta’s Los Pelambres mine reaches labour deal to avoid strike

Mining News Pro - Supervisors at Antofagasta Plc’s Los Pelambres copper mine in Chile have reached a new contract agreement with the firm that includes wage increases, bonuses and various benefits, the union said late on Thursday, avoiding the risk of a strike.

Antofagasta’s Twin Metals sues US government over Minnesota copper project

Mining News Pro - Antofagasta Plc’s Twin Metals subsidiary sued the US government on Monday in a bid to revive its proposed Minnesota copper and nickel mine, which Biden administration officials had blocked this year over concerns it could pollute a major recreational waterway.

Antofagasta’s profit slumps on rising costs

Mining News Pro - Antofagasta posted a fall in half-year profit on Thursday, as higher costs, lower grades and a persistent drought in Chile hit the miner’s copper production.

Kenorland Minerals options Alaska copper project to Antofagasta

Mining News Pro - Canadian junior Kenorland Minerals (TSX-V: KLD) has inked an earn-in agreement with Antofagasta (LON: ANTO) that gives the Chilean miner an option to acquire a 70% interest in the Tanacross copper-gold project in Alaska.

Antofagasta sees full-year production at bottom end on Los Pelambres issues

Mining News Pro - Chilean miner Antofagasta said on Wednesday that expects full-year copper production to be at the bottom end of ts previous guidance of 660-690,000 tonnes, following operational issues at its flagship Los Pelambres mine in the home country.

Antofagasta provides resource estimates for Encierro, Cachorro deposits in Chile

Mining News Pro - During the 2022 Prospectors and Developers Association of Canada (PDAC) conference in Toronto, Chilean multinational Antofagasta plc announced the inaugural resource estimate on the Encierro project and a resource update on the Cachorro project.

Antofagasta profit, dividend hit records on soaring copper prices

Mining News Pro - Antofagasta saw profits surge to the highest ever last year on soaring copper and molybdenum prices, allowing it to pay the biggest dividend in the Chilean miner’s 134-year history.

Biden administration kills Antofagasta’s Minnesota copper project

Mining News Pro - The U.S. Department of the Interior canceled two mineral leases for Antofagasta Plc’s proposed Twin Metals copper and nickel mine in Minnesota on Wednesday, effectively killing the project and handing a major win to environmentalists.

Antofagasta agrees to copper charges with some Chinese smelters

Mining News Pro - Chilean miner Antofagasta PLC has agreed to supply copper concentrate to some Chinese smelters at treatment and refining charges (TC/RCs) of $65 a tonne and 6.5 cents per lb next year, two sources with knowledge of the matter said.

Mining giant Antofagasta ‘concerned’ by rising political polarization in Chile

Mining News Pro - Chile’s Antofagasta, one of the world’s largest copper producers, said on Saturday it was “concerned” by rising political uncertainty in the Andean country, which is set for a polarized presidential election this weekend.

Antofagasta to appeal US plan to block Twin Metals copper mine

Mining News Pro - Antofagasta Plc said on Wednesday it would ask U.S. officials to reconsider a proposed 20-year ban on mining in Minnesota’s Boundary Waters region, a plan announced last week that would block its Twin Metals copper and nickel project.

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