Chile copper output falls 14% y/y in May
Mining News Pro - Copper output in Chile, the world’s largest producer, dropped 14% year-on-year in May to 413,083 tons, the country’s INE statistics agency said on Friday.
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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.
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Sumitomo hikes Chile copper project cost estimate by 60%
Mining News Pro - Japan’s Sumitomo Metal Mining Co Ltd and Sumitomo Corp said on Monday they had raised their estimate of the construction cost for the Quebrada Blanca phase 2 (QB2) copper project in Chile to about $7.5 billion from $4.7 billion.
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Chile copper mines dodge radical changes as Convention vote ends
Mining News Pro - Major copper producers from BHP Group to Freeport-McMoRan Inc. will likely avoid drastic changes in the way they do business in Chile as writers of a new constitution wrapped up deliberations on mining proposals.
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Teck Resources strikes deal to earn into Chile copper project
Mining News Pro - Australia’s Golden Rim Resources has executed an option and joint venture agreement with Teck Resources, Canada’s largest diversified miner, to develop the Loreto copper project in Chile.
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Anglo faces potential permitting setback at Chile copper expansion project
Mining News Pro - The Environmental Assessment Service of Chile (SEA) has recommended rejecting the permitting application for the expansion of Anglo American’s Los Bronces mine, citing a lack of information during the evaluation process.
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Anglo looks to the sea as water scarcity hits Chile copper mines
Mining News Pro - With no letup in Chile’s years-long drought, Anglo American Plc is looking at developing a desalination project in partnership with state-owned Codelco, Japan’s Mitsui & Co. and a local water utility.
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Chile copper giants seek stability in uncertain political times
Mining News Pro - Chile’s mining sector is looking for certainty amid political fog in the world’s top copper producer, which is redrafting its constitution and on Sunday is headed for a polarized vote led by outsider candidates on the far left and right.
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Strike at BHP’s Chile copper mines continues, no end in sight
Mining News Pro - A strike by workers for BHP’s Escondida and Spence copper mines in Chile entered its fifth day on Monday, as the union awaited a decision by labor authorities over whether substitute workers the company called in are legal, a union leader told Reuters.
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Chile copper miners cry foul as royalty bill advances to Senate
Mining News Pro - Chile's lower house of Congress approved on Thursday an opposition-led bill that would slap a progressive royalty on sales of copper as prices rise, sharply hiking taxes on the sprawling industry to pay for social programs during the Covid-19 pandemic.
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Chile copper production at risk as coronavirus bites
Mining News Pro - Chile’s vaunted copper industry is nearing a tipping point as coronavirus explodes across the South American nation, mine workers and analysts say, laying bare the hidden costs of policies that have until now salvaged its output of the red metal.
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BHP to exclude contractors at Chile copper mines for 15 days
Mining News Pro - Global miner BHP Group will exclude contractors from its Chile copper mines for 15 days, it announced on Sunday, saying this is part of efforts to curb the spread of coronavirus.
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BHP to exclude contractors at Chile copper mines for 15 days
Mining News Pro - Global miner BHP Group will exclude contractors from its Chile copper mines for 15 days, it announced on Sunday, saying this is part of efforts to curb the spread of coronavirus.
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Chile copper output to jump by 30% in 10 years
Mining News Pro - Cochilco said in a report that output from Chile, the world`s top producer of the red metal, could reach a record of 7.25-million tonnes as early as 2025.
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The state copper agency said in the report that it believes production by existing, aging mines will decrease by 19%, to 4.46-million tonnes per year, but that the decline would be offset by several new projects and expansions.
"The growth in production is only possible if the new investments materialize," Cochilco said in the report.
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Several major new projects and expansions are planned in the coming years, as Chilean miners confront declining ore grades at sometimes century-old mines.
State-run miner and world top copper producer Codelco recently launched a $40-billion, 10-year investment plan to boost productivity at its Chilean mines.
Canadian miner Teck Resource is also moving forward with an expansion plan, known as QB2, which won regulatory approval in August.
The overhaul is expected to extend the ageing deposit`s life by 25 years and substantially boost production to 300 000 tonnes of copper annually from 23 400 tonnes in 2017.
In addition to Codelco, Chile is home to global miners BHP Group, Anglo American, Glencore and Antofagasta.
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Chile copper production seen growing by 4% next year
Mining News Pro - Chile is set to deliver steady production growth of 4% next year, as the risk of labour strikes decreases and mines are upgraded, Fitch Solutions Macro Research says in a report, also warning that declining grades pose a downside risk to its long-term forecast
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BHP, union extend labor talks at mammoth Chile copper mine
Mining News Pro - he union at the world`s largest copper mine, Escondida in Chile, has called off a strike planned to start on Tuesday after agreeing to extend talks with operator BHP for another day.
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