Codelco takes Ecuador to arbitration over stalled joint project

Mining News Pro - Chile’s Codelco, the world’s No. 1 copper producer, is taking Ecuador to international arbitration over the Llurimagua exploration project, which is being jointly advanced by the two nations.

Codelco clinches deal with workers at Radomiro Tomic mine, strike fears defused

Mining News Pro - Chilean state copper giant Codelco clinched a deal with workers at its Radomiro Tomic mine after they accepted a new contract offer on Wednesday, defusing worries about a potential strike with global prices of the red metal at decade highs.

Codelco sees copper demand rising, prices strong for 3-4 years

Mining News Pro - Chile’s Codelco, the world’s top copper producer, sees demand for copper continuing to rise through the next three to four years, and believes the price of the red metal is likely to hover at $3 or more per pound, board chairman Juan Benavides said on Friday.

Codelco reports bumper year for profits despite pandemic

Mining News Pro - Chile`s Codelco, the world´s top copper producer, reported pre-tax profits of $2.078-billion in 2020 and said it had upped output from its own mines by 2% to 1.618-million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Codelco reports bumper year for profits despite pandemic

Mining News Pro - Codelco, the world’s top copper producer, reported pre-tax profits of $2.078 billion in 2020 and said it had upped output from its own mines by 2% to 1.618 million tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak.

Codelco says copper price spike will bolster war chest, raise costs

Mining News Pro - Chile’s state-owned Codelco, the world’s largest copper producer, views recent spike in the price of the red metal as a “good opportunity” to generate cash for investments and hold down debt, but warned it could also drive up the miner’s costs, a senior executive told Reuters on Monday.

Codelco to ratchet up precautionary measures as covid-19 cases rise

Mining News Pro - Chile’s state-owned Codelco, the world’s largest copper producer, said on Thursday it would once again ratchet up precautionary measures against the coronavirus at its mines amid a recent uptick in infections in the South American nation.

Codelco okays $1.4bn plan to expand Salvador mine

Mining News Pro - Chile’s state miner Codelco, the world’s no.1 copper producer, has approved a $1.383 billion underground expansion of its Salvador mine, which will extend the productive life of the aging operation by 40 years and increase output by 30%.

Codelco reaches advance labor deal at Chuquicamata

Mining News Pro - Chile’s state-owned Codelco, the world’s top copper producer, said Tuesday it had reached a labor agreement ahead of schedule with the union of supervisors at its Chuquicamata mine.

Antofagasta agrees copper charges for 2021, Codelco to follow

Mining News Pro - Antofagasta Plc and Codelco will supply copper concentrate at treatment and refining charges of $59.50 per tonne and 5.95 cents per lb in 2021, signing up at the benchmark rate miners have now managed to lower for six years in a row.

Codelco to spend $210m by year-end to keep mines running

Mining News Pro - Chile’s Codelco, the world’s largest copper miner, said on Wednesday it expected to spend $210 million before year-end to ensure all its divisions comply with the latest health protocols designed to stop the spread of covid-19.

Codelco seeks ‘friendly talks’ with Ecuador on Llurimagua copper project

Mining News Pro - Chile’s Codelco, the world’s top copper miner, said on Monday it was seeking talks with its counterpart in Ecuador after it failed to deliver on a bargain struck in 2019 to jointly develop the Llurimagua project in the tropical South American nation.

Codelco to keep “Chuqui” open pit going for an extra year

Mining News Pro - Chile’s Codelco, the world’s largest copper producer, has extended mining at its century-old open pit Chuquicamata mine for an extra year as the operation has yielded more than 30,000 tonnes of additional fine copper so far this year.

Codelco to search for lithium at Chile’s second-largest salt flat

Mining News Pro - Chile’s state-owned Codelco, the world’s no.1 copper producer, will go ahead with plans to explore for lithium at the Maricunga salt flat, the country’s second largest in terms of reserves, after receiving the approval from local environmental regulators.

Codelco reports 86% leap in profits to September

Mining News Pro - Chile’s state-owned miner Codelco, the world’s largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124 billion, amid an increase in production.

Codelco says operations normal

Mining News Pro - Chilean state-run copper miner Codelco is producing at full capacity and aims to meet its 2020 output targets, its chief executive said on Thursday, noting that the coronavirus pandemic was now under control with a low infection rate.

Codelco reaches contract agreement with El Teniente supervisors

Mining News Pro - Chile`s State-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors` union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the Covid-19 pandemic.

Codelco workers threaten action in job conditions row

Mining News Pro - Workers at Chile’s state-owned miner Codelco, the world’s largest copper producer, said on Friday that they would take “action” against what they describe as threats to their jobs.

Codelco sees copper production drop in July, private mines up

Mining News Pro - Chile’s state-owned copper miner Codelco saw a 4.4% drop in year-on-year production in July as the coronavirus hit its peak in the nation and forced the company to scale back staffing, slow projects and switch off a smelter.

Codelco presses ahead with automation plans to bolster copper production

Mining News Pro - Chile`s State-owned Codelco, the world`s largest copper producer, will press ahead with plans to roll out automation of its mining operations as it seeks to maintain production levels into the future amid declining ore grades and the disruption of the coronavirus pandemic, its chief executive said on Friday.

Codelco gets $22 million refund from insurance fraud

Mining News Pro - Chile’s Codelco, the world’s top copper producer, has secured a $22 million-refund corresponding to damages caused to the company and its workers as a result of life insurance overpricing between 2005 and 2018.

Codelco CEO sees copper price steady at $2.80/lb through 2020

Mining News Pro - Codelco CEO Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80/lb through 2020.

Codelco CEO sees copper price steady through 2020

Mining News Pro - Codelco Chief Executive Officer Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80 per pound through 2020.

Codelco sees quick progress in ramping up Chuquicamata

Mining News Pro - Chile’s state-run miner Codelco, the world’s largest copper producer, expects quick progress in ramping up processing capacity at its Chuquicamata underground project, the company’s chief executive said.

Codelco to restart projects beginning next week

Mining News Pro - Chile’s state-run miner Codelco, the world’s largest copper producer, said on Thursday it would restart operations and projects it had suspended due to the coronavirus pandemic, beginning next week.

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