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...

Chile Codelco Q1 output falls, 2012 on track

The world's top copper producer, Chile's Codelco, said on Wednesday its output fell 10% in the first quarter from a year earlier to 373 000 t, but said it was on target to produce 1.71-million tons this year. Codelco produced 414 000 tons of...

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...

Origin, Xstrata power project unit gets Chile OK

A Chilean environmental commission approved one of three generation units planned as part of global miner Xstrata Copper and Australian energy retailer Origin Energy's $3.6-billion hydropower Energia Austral project to ease a looming energy...

Chile April copper export revenue ebbs to $3.58bn

Chilean copper export revenue slipped 8% to $3.583-billion in April compared with a year ago, when it was boosted by high prices, and fell 1.1% from the previous month, the central bank said on Monday. April marks the first month copper export...

Contractors protest at Chile Escondida, output not hit

A group of contract workers blocked some roads to Chile's Escondida copper mine, the world's largest, on Thursday in a bonus dispute, although production operations weren't halted, a union leader told Reuters. Contract workers downed their tools...

Chile March manufacturing spikes vs Feb, jobless up

Chile's manufacturing production surged in March from February but slowed sharply from a year earlier, the government said on Monday, underscoring an expected economic slowdown along with a slightly higher jobless rate and drop in copper output....

Chile proposes tax reform to fund education overhaul

Chile's government on Thursday proposed a sweeping tax reform that raises levies on companies to help fund an education overhaul, as it seeks to quell social protests ahead of local elections seen as a litmus test for the 2013 presidential race....

Company Announcement: Llahuin Copper Project extended with high-grade drilling results

International mining company Southern Hemisphere Mining Limited is pleased to announce the completion of option arrangements at La Colina 2 and the initial drilling results from its first two Llahuin satellite prospects at Mina San Francisco and...

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...

Company Announcement: Maiden JORC Resource for Llahuin Copper Project

International mining company Southern Hemisphere Mining Limited is pleased to announce a maiden Measured and Indicated Mineral Resource totalling 106.2 million tonnes grading 0.40% copper equivalent* for its flagship Llahuin Porphyry Copper...