SANTIAGO — Once again, Chilean students have taken to the streets to protest the…
Anglo Says Chile Copper Production Target will be a Challenge
SANTIAGO – Anglo American and Xstrata PLC have conceded that it will be difficult to reach their annual copper mining production target at the Collahuasi mine. The third largest mine in the world, Collahuasi is exposed to the seasonal rains of the ‘Bolivian winter’, which this year fell heavier than usual in northern Chile. Operations at [...]
Chile Holds Expomin 2012 This Week
SANTIAGO – Expomin, a global mining exhibition, will take place this week in the Huechuraba commune of Santiago. Expomin is the world’s most important mining fair, with approximately 1,200 companies from 30 countries taking part in the event, and 60,000 visitors. “We hope that this version of Expomin is the best,” stated Mining Minister Hernán de [...]
Mandalay Resources Provides Update on Aysen Protests and Resumption of Operations in the Region
AYSÉN – Mandalay Resources Corporation has resumed operations at its Cerro Bayo project, which were stalled when public protests in the Aysén Province blocked the road to the mine and port. In a press release dated March 9th, 2012 Mandalay, a Canadian based natural resource company with producing assets in Australia and Chile, announced that normal operations at their [...]
San José mine to pay US$5 million to government for 2010 miner rescue
SANTIAGO – The owners of the San José mine in Chile where 33 men were trapped for 69 days in 2010 will pay US$5 million towards their rescue. The amount was agreed upon in a deal between the Chilean government and the San Esteban Mining Company that owns the mine. The government says it is less [...]
Chile’s copper output drops 7.6%
SANTIAGO – Chile’s total copper output has dropped according to the latest figures from the Instituto Nacional de Estadísticas(INE), Chile’s national body for statistics. The figure for January measured 396,341 tonnes. It was a drop of 7.6% from January 2011 figures. Overall production figures showed a drop of over 10% since December 2011, however a slight [...]
Chile launches program to encourage women in mining
President Sebastián Piñera’s administration has announced plans to attract more women to work within the mining industry. The program will be launched in the northern regions of Tarapaca, Atacama and Coquimbo to begin with and then spread to other regions later in the year. The program is a joint effort between the Ministry of Labor and Social Prevention, the [...]
Mandalay Mining Company Reports Delay In Shipment Due To Aysén Protests
AYSÉN – Mandalay Resources, a Canadian-based mining company announced today that the ongoing protests in Aysén have delayed a shipment of silver-gold concentrate from the Cerro Bayo mine. Online news reports from stock analysts and mine related groups are reporting that while the protests do not involve employees of the mine or any of their labour [...]
Chile’s Water Woes
ANTOFAGASTA – In the seventies, President Salvador Allende used to say that “Cooper is the wage of Chile”. Today mining is still the blood of the Chilean economy. From the 83 billion dollars exported by Chile in 2011, 53 billion correspond to the mining. This year Antofagasta will receive $4.5 billion of investment in mining projects. [...]
Anglo American responds to Codelco – Mitsui contract
SANTIAGO – After Codelco were forced by the courts to reveal the details of their funding deal with Japanese company Mitsui, in order to purchase a stake in the Anglo American Sur complex, Anglo American responded that the details in the Codelco-Mitsui deal ensured their move to sell part of the complex to Mitsubishi was [...]
Chile’s estimated copper reserves increase by nearly 27% in one year
SANTIAGO – High copper prices during the last few years have led to a significant increase in the amount of money invested in mineral exploration in Chile and increased exploration has led to some big finds. Chile already holds the world’s largest supply of copper, and between 2011 and 2012, the country’s estimated copper reserves [...]