Anglo gaining ground in Codelco battle

With the tussle moving out of the courts and into the commercial arena and with Codelco CEO Diego Hernandez suddenly quitting his post in the midst of the ongoing battle, Anglo American CEO Cynthia Carroll appears to have gained significant...

Chile Codelco CEO Hernandez to resign, CFO to step in

Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo...

Anglo, Codelco restart talks to end Chile row

Anglo American and Chilean copper giant Codelco have agreed to go back to the negotiating table in an effort to end a damaging and increasingly acrimonious row over the global miner's copper operations in the country's south. The miners, which...

Some Chile Codelco workers protest, output unaffected

Some subcontracted workers of Chilean copper giant Codelco blocked certain roads at the Andina, Chuquicamata, Gaby and Radomiro Tomic mines on Thursday, but the firm said operations were unaffected by the labor action. "There's no impact on...

Anglo's struggle over platinum showcases sector woes

Miner Anglo American has made a priority of its struggling platinum business, admitting earlier this year that the world's largest primary producer is underperforming in the face of soaring costs, imposed safety stoppages and weak demand. But...

Chile court denies Codelco bid to freeze Anglo dividends

A Chilean court on Wednesday rejected a bid by state copper giant Codelco to freeze some dividends from global miner Anglo American's south central Chile assets, helping clear some shareholder uncertainty in a dispute seen dragging on for years....

Copper miners see H1 output ebb, H2 pickup

Stubbornly dwindling ore grades and disruptions are seen cutting copper supply in the first half of this year, potentially driving spot treatment and refining charges (TC/RCs) lower, but key miners expect output to rebound in the final six months...

Chile Codelco, Anglo secret talks failed – report

Two months of secretive talks between Chile's state copper giant Codelco and miner Anglo American failed to resolve a stake option dispute, so a legal battle is for now the only way forward, Codelco's CEO told a local paper's Tuesday edition. The...

Chile Codelco: Chuqui resuming after rain disruption

State copper giant Codelco said on Monday mining operations at its giant Chuquicamata division, which accounts for more than a quarter of its annual output, were gradually resuming after they were disrupted by poor weather on Sunday. Operations...

Codelco's pillage of Anglo American Sur is hurting ordinary working men and women

Chile and its State-owned copper company, Codelco, need to understand that it is the working men and women of the world who have provided the investment that underpins Anglo American Sur. In forcing Anglo to accept a pittance for its...

Anglo to more than double output from Chile copper mine

Global mining giant Anglo American expects the output from its expanded Los Bronces copper mine to more than double in the first three years of full production from its existing output of 221 000 t/y. Announcing the delivery of first copper...

18/11/2011 (On-The-Air)

The gun that Chile is holding at the head of Anglo American is putting South African investors at risk; The Northern Cape has been chosen as the place to set a new world land speed record; and COP 17 climate conference.