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Workers at Chile's Quebrada Blanca mine set to strike

By: Reuters     13th December 2017 A union at Teck Resources' Quebrada Blanca copper mine, in Chile, is set to strike on Wednesday after contract talks mediated by the Chilean government failed to reach a deal, the union told Reuters on Tuesday. Jorge Flores, the president of a 105-member union that represents around a quarter of... 

Lithium giant SQM eyes new project to tackle electric-car boom

By: Bloomberg     6th December 2017 One of the world’s largest lithium producers is looking to expand into a new country as prices surge to record highs amid a nascent electric-vehicle boom led by car makers such as Tesla and Mitsubishi. Soc. Quimica & Minera de Chile SA is considering opportunities to establish a foothold in a... 

Chile cenbank maintains growth forecast for 2018

By: Reuters     4th December 2017 Chile's central bank held its 2018 economic growth forecast of 2.5% to 3.5% on Monday, while revising downward slightly its forecast for inflation and leaving open the possibility for lowering interest rates.In its end-of-year IPoM economic report, the bank also predicted 2017 gross domestic... 

Chile lithium miner SQM says legal dispute could linger through 2018

By: Reuters     23rd November 2017 Chilean lithium and fertiliser producer Sociedad Quimica Y Minera (SQM) said on Thursday its ongoing legal dispute with Chilean authorities over royalty payments may not be resolved until the end of 2018. Talks to resolve the arbitration between SQM and Chilean government development agency... 

Copper's big meh shows Chile's commodity crown is slipping

By: Bloomberg     21st November 2017 There was a time when a sneeze in Santiago would cause the global copper market to catch a cold. Not any more. The first round of Chilean presidential elections Sunday delivered a surprisingly weak result to frontrunner Sebastian Pinera, a conservative billionaire running on a fiscal... 

All South Africans need to work together to grow and transform mining

By: Martin Creamer     15th September 2017 Mineral Resources Minister Mosebenzi Zwane makes sure he attends foreign mining conferences but fails to engage stakeholders at home on the realities of his Mining Charter Three, which is a great pity. Unfortunately, he was not challenged at the LatAm Mining Cumbre in Santiago, but thankfully his... 

Iron-ore snafu seen as cautionary tale in mining-friendly Chile

By: Bloomberg     1st September 2017 Chilean authorities’ handling of an iron-ore project has stoked a political storm that cost the jobs of two ministers. The industry hopes it will help keep politics out of projects in the future. In a country boasting strong institutions and clear rules of the game, a government committee’s... 

Hunt for next electric-car commodity accelerates as prices soar

By: Bloomberg     23rd August 2017 Niche metal cobalt is leaving bigger names like copper and lithium in its dust, triggering a hunt for new deposits from Idaho to Chile. As one of the key components in the new breed of rechargeable batteries and with supply dominated by the Democratic Republic of Congo, prices have surged at... 

Supplying lithium gets trickier as electric revolution looms 

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Metals' best start since 2009 getting drillers back to work

By: Bloomberg     10th August 2017 A nascent recovery in the beaten-down mineral-exploration industry is gaining momentum as metal prices trade at multi-year highs. Global drilling rose for a fifth straight quarter in April to June, according to S&P Global Market Intelligence, and data through early August suggest the recovery is... 

Top Peru gold miner to weigh copper growth if recovery extends

By: Bloomberg     18th July 2017 Peru’s biggest precious-metals producer will consider taking a deeper dive into copper if prices of the industrial metal keep rising. Cia. de Minas Buenaventura is tripling annual output at its Marcapunta copper mine to about 60,000 metric tons. Another expansion would take it to 100 000 tons,... 

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

South Africa, Chile sign mining cooperation MoU 

     12th July 2017 Mineral Resources Minister Mosebenzi Zwane has signed a memorandum of understanding (MoU) with his Chilean counterpart Aurora Elvira Williams for the two countries to cooperate in the mining and minerals field. The MoU, which was signed in Santiago during the LatAm Mining Cumbre, commits the two... 

Inaugural Cumbre aims to bolster investment in Latin America

By: Tasneem Bulbulia     7th July 2017 Generalist and specialist investors are returning to the Latin American mining sector in large numbers, as they see the opportunity for returns re-emerging, Mining Indaba director of content Harry Chapman tells Mining Weekly. Therefore, leveraging the success and channelling the expertise gleaned... 

Lithium squeeze looms as top miner front-loads, Chile says

By: Bloomberg     26th June 2017 Plans by one of the world’s top lithium producers to accelerate output could lead to a shortage of the light metal used in electric-car batteries in five years, according to the Chilean government’s development agency. Soc. Quimica & Minera de Chile SA last month announced plans to increase its... 

High hopes for inaugural Investing in LatAm Mining Cumbre

     26th June 2017 Generalist and specialist investors are returning to the Latin American mining sector in large numbers, as they see the opportunity for returns re-emerging, content developer and presentation coordinator Mining Indaba director of content Harry Chapman tells Mining Weekly. The cusp of... 

Codelco awards design contract for eighth phase of Talabre tailings expansion to SNC-Lavalin

By: Henry Lazenby     13th April 2017 TSX-listed engineering and construction group SNC-Lavalin has been awarded a contract by Corporación Nacional del Cobre de Chile (Codelco), one of the largest copper producers in the world, to provide detailed design services for the Talabre tailings expansion Phase VIII project, located in the... 

BHP mine struggling to stave off title of longest Chile strike

By: Bloomberg     22nd March 2017 The biggest copper mine in the world owned by the largest mining company is about to gain another, less desirable superlative – that of Chile’s longest mining strike in a generation. Management and union representatives at BHP Billiton’s Escondida are entering into another round of talks on... 

Gold company manager charged in vast Peruvian smuggling plot

By: Bloomberg     17th March 2017 The operations manager at a metals-refining company was charged with helping run a gold smuggling network that reaped-billions of dollars for illegal mines controlled by drug dealers and other criminals in South America. A criminal complaint against Juan Pablo Granda, 35, outlines a vast... 

TORONTO NOW, CHILE NEXT

By: Martin Creamer     17th March 2017 Attendees ride an escalator at the Metro Toronto Convention Centre during the 2017 Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Ontario, which bills itself as the world's biggest mining gathering. The prospect of increased deal-making was a hot topic for the more... 

Copper king vows to resist rushing projects as prices surge

By: Bloomberg     1st March 2017 The world’s biggest copper producer has some good news for bulls: it won’t be tempted into speeding up projects as prices rally. What’s more, Codelco chairperson Oscar Landerretche says a series of natural obstacles facing the industry will also prevent other miners from piling in. 

Escondida deal hopes fade as sides give contradicting views

By: Bloomberg     28th February 2017 Copper traders were left confused over the state of play at the world’s top copper mine: the owner said wage talks had resumed, while the union said striking workers have had no contact with management for a week. “The good news is that we are back around the table and things are starting to come... 

BHP vows legal action at top copper mine after group enters site

By: Bloomberg     13th February 2017 BHP Billiton, the owner of the world’s biggest copper mine known as Escondida, said it will take legal action after a group of more than 300 people entered the mine site during a strike and forced some contractors to abandon the compound. People wearing masks entered the mine site at 18:00... 

Latin America event announced as Indaba declares mining on the way back up

By: Martin Creamer     6th February 2017 The mining industry is on the way back up and the time to take advantage of that is now, the new Investing in African Mining Indaba MD Alex Grose said on Monday. Speaking at the opening of the Investing in African Mining Indaba, Grose said the Mining Indaba, as a barometer of a market, was... 

Antofagasta swaps 40% Alto Maipo stake for cheaper electricity

By: Henry Lazenby     20th January 2017 London-based Antofagasta announced Friday that its subsidiary Minera Los Pelambres had agreed to transfer its 40% stake in the Alto Maipo hydroelectric project to controlling shareholder Gener in return for cheaper electricity. Los Pelambres has been in partnership with Gener in the Alto Maipo... 

BHP wage showdown has copper watchers weighing strike risk

By: Bloomberg     12th January 2017 A wage negotiation at the world’s top copper mine is showing the downside for producers of recovering prices: workers want their share. Talks began in earnest Tuesday at BHP Billiton’s Escondida mine in Chile. In a preliminary phase of the collective-bargaining process, management rejected... 

SNC-Lavalin awarded EPC contract from Codelco for sulphuric acid plant construction

By: Samantha Herbst     23rd November 2016 Chile-based Corporación Nacional del Cobre de Chile (Codelco), one of the world’s largest copper producers, has appointed TSX-listed engineering and construction group SNC-Lavalin to construct two sulphuric acid plants at the Chuquicamata copper smelter complex, located in the Antofagasta region... 

Top copper miner gets reprieve as Chile signals more funding

By: Bloomberg     21st October 2016 Codelco’s prospect of remaining as the world’s biggest copper miner received a boost on Thursday as Chile signaled it will increase funding for the state company to overhaul aging mines and head off a slump in output. Chile is already investing a lot in Codelco and will have to provide “slightly... 

Local roller manufacturer expands into new markets 

By: Victor Moolman     30th September 2016 South African conveyor, roller manufacturer and distributor Megaroller expects its new manufacturing plant outside Toronto, in Canada, to be operational from mid-November. Megaroller is expanding its footprint into North America, launching its Canadian distributorship at this year’s MINExpo... 

‘Revolutionary’ workforce training technologies from S Africa on display

     23rd September 2016 South Africa-based mine workforce training technologies supplier ThoroughTec Simulation, will reveal several new products at MINExpo International 2016, which will be held in Las Vegas, Nevada, from September 26 to 28. The products are expected to emphasise the company’s commitment to providing... 

Years-long copper glut can still flush out deals for Antofagasta

By: Bloomberg     16th September 2016 As metals from silver to zinc rally, copper is stuck in a glut that will probably last another two or three years, and that may flush out bargains, according to Antofagasta. Until now, the copper miner controlled by Chile’s wealthiest family hasn’t seen opportunities that are attractive enough... 

China’s Tianqi Lithium proposes purchase of stake in rival SQM

By: Bloomberg     9th September 2016 China’s Tianqi Lithium, the country’s largest producer, proposed a deal to purchase a 23% stake in Soc. Quimica & Minera de Chile SA, one of its biggest competitors. Tianqi has signed a non-binding offer with Soc. de Inversiones Ore Blanco SA to bid for its stake in Soc. de Inversiones Pampa... 

Metso chosen to support conversion of Chile openpit into underground operation

By: Ilan Solomons     9th September 2016 Diversified engineering group Metso has won a significant deal to support the conversion of the largest openpit copper mine worldwide to a large-scale underground mining operation. The Chuquicamata mine, located 1 650 km north of Santiago, in Chile, is owned and operated by Chilean State-owned... 

Barrick outlook raised by S&P as gold rally helps debt fight

By: Bloomberg     1st September 2016 Barrick Gold had its credit outlook raised by S&P Global Ratings as the biggest bullion producer’s balance sheet benefits from higher metal prices, asset sales and lower costs. The Toronto-based miner’s outlook was lifted to positive from stable, S&P wrote in a statement Wednesday, affirming its... 

Workers at Chile Codelco's Salvador copper mine vote on strike

By: Reuters     30th August 2016 Workers at Chilean state-owned miner Codelco's smallest copper mine began voting on Tuesday whether to accept a wage offer or go on strike, a potential headache for the company as it finds itself in a delicate financial position. Union leaders at the Salvador mine in Chile's arid north say they... 

Worker dies at Freeport El Abra copper mine; some operations halted

By: Reuters     30th August 2016 Chile's El Abra copper mine, controlled by Freeport-McMoran, said on Tuesday that a worker died after an accident at its acid unloading terminal, forcing a halt to some operations. "The deceased worker was carrying out his job at the acid unloading terminal, and for reasons under investigation,... 

Wealth Minerals aggressively advances Chile lithium asset acquisitions

By: Henry Lazenby     26th August 2016 The Vancouver- and Santiago-based teams of junior explorer Wealth Minerals have since February put together the largest brine property package in Chile of any junior mining company, in the hopes of capitalising on the rising tide of the energy metal. On Wealth’s team is Marcelo Awad, a former... 

Integrating training technology into mining operations

     26th August 2016 Training technologies provider ThoroughTec Simulation will be demonstrating a number of new developments at Electra Mining Africa 2016, reinforcing the company’s drive to provide mines with powerful training and workforce development technologies. 

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