Chile indigenous communities suspend dialogue with SQM, Codelco over lithium
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday.
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Codelco aims to land partner for Maricunga lithium by next year
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt flats, Maricunga, in the first quarter next year, chairman Maximo Pacheco said on Monday.
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Codelco eyes partnerships to help boost ailing copper production
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
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Tianqi takes another shot at probing SQM-Codelco lithium deal
Chile’s SQM called another investors meeting at the request of its second-largest shareholder, Tianqi Lithium Corp., which seeks greater clarity over a proposed deal with copper giant Codelco.
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Codelco sees slow recovery after years of copper output declines
Codelco is starting to turn the corner after a production slump and project overruns eroded the state-owned copper behemoth’s finances, according to a top Chilean official.
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Codelco logs December production setback
Chile’s top copper miners closed out 2023 unevenly, with state-run copper miner Codelco logging a setback in December, according to figures released on Monday by the Chilean Copper Commission (Cochilco).
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Codelco pays heavy price for ramping up debt burden to fund over-budget projects
Codelco is paying a high price for increasing its already heavy debt load to finance late and over-budget projects that are needed to maintain its status as the world’s biggest copper supplier.
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Codelco places $2bn in bonds as miner aims to boost copper output
Chile’s Codelco, the world’s largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an earlier report from capital markets publication IFR.
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Codelco reaches agreement with Ministro Hales mine supervisors
Chile’s state-owned Codelco said Friday it reached an early collective contract agreement with supervisors at its Ministro Hales mine, avoiding the risk of a strike.
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Codelco to invest $720 million more in Chuquicamata copper mine
Chile’s state-owned Codelco, the world’s largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720 million.
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Codelco reaches deal with supervisors union at Chuquicamata copper mine
Chile’s state-owned Codelco, the world’s largest copper producer, said on Friday it had reached an agreement on a new contract with the union representing supervisors in its Chuquicamata division.
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Codelco gets double downgrade at S&P as copper slump swells debt
Mining News Pro - Codelco had its credit rating cut two notches by S&P Global Ratings as an output slump prompts the world’s largest copper producer to raise debt levels for project funding.
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Codelco reaches contract agreements with 3 unions
Mining News Pro - Chilean miner Codelco, the world’s No. 1 copper producer, said on Monday it reached contract agreements with three unions, putting off the risk of a strike at the state-run giant.
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Codelco chairman still sees lithium agreement with SQM by year
Mining News Pro - Codelco chairman Maximo Pacheco affirmed on Thursday his prediction that Chile’s state-owned copper giant will reach an agreement with lithium miner SQM this year.
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Codelco extracts first ore from Rajo Inca project
Mining News Pro - Chilean state-owned miner Codelco, the world’s largest copper producer, said on Tuesday it had extracted ore for the first time from the Rajo Inca project.
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Fitch downgrades Codelco for first time in years
Mining News Pro - Ratings agency Fitch downgraded Chile’s state-owned copper giant Codelco’s credit rating by one notch to BBB+ from A-, it said in a statement on Wednesday, the first downgrade by the agency in five years, though it maintained a stable outlook.
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Codelco CEO sees copper output in 2023 closing at 1.315mt
Mining News Pro - Production at Chile’s Codelco, the world’s largest copper miner, will close the year at around 1.315 million metric tons, towards the lower end of the estimated range, the company’s chief executive said in an interview published on Sunday by La Tercera.
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China’s copper buyers flex muscles in Codelco contract negotiations
Mining News Pro - Russian copper exports to China and expectations of surpluses have emboldened Chinese buyers to try and dictate how much they will pay to Codelco for the industrial metal next year, industry sources say.
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China’s top copper buyers expect a 36% cut in Codelco premium
Mining News Pro - China’s largest copper buyers expect to pay a premium of around $90 per metric ton next year for Codelco’s metal, 36% below what they are paying this year, four sources with direct knowledge of the matter said.
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Codelco loses CFO in latest blow to world’s top copper miner
Mining News Pro - Codelco is losing its chief financial officer in the latest setback to Chile’s state-owned copper behemoth, as slumping output erodes profit and pushes up debt levels.
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Codelco strikes early deal with Radomiro Tomic mine supervisors’ union
Mining News Pro - Chilean state-owned mining group Codelco said on Monday it had reached an early collective agreement with the supervisors’ union at its Radomiro Tomic mine, which accounts for more than a fifth of its copper output.
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Codelco ends long-term mined copper deals to China clients from 2025
Mining News Pro - Chile’s Codelco is ending long-term contracts to sell copper concentrate to Chinese clients from 2025, bidding to broaden its product offering to them after evaluating its production outlook, five sources with direct knowledge of the matter said.
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Codelco seals early contract deal with El Teniente supervisors’ union
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, said on Thursday it had reached an early collective bargaining agreement with the supervisors’ union at its flagship El Teniente mine, avoiding the possibility of production stoppages.
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Codelco taps new chief amid push to grow output
Mining News Pro - Chile’s Codelco, the world’s largest copper producer, announced on Friday it has named Ruben Alvarado as the company’s new chief executive, an executive who boasts executive experience in mining, airlines and port management.
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BHP, Codelco, Freeport vie for title of biggest copper producer
Mining News Pro - There’s a three-way battle underway for the title of the world’s biggest copper producer.
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