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Saving Earth with electric cars means wrecking a fragile desert

By: Bloomberg     11th June 2019 The oases that once interrupted the dusty slopes of the Atacama desert in northern Chile allowed humans and animals to survive for thousands of years in the world’s driest climate. That was before the mining started. Sara Plaza, 67 years old, can still remember guiding her family’s sheep along... 

Trump administration opens up Minnesota wilderness area to copper mining

By: Reuters     15th May 2019 The US Interior Department on Wednesday renewed two mineral leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening the popular wilderness and recreation area up to copper mining despite heavy opposition from local and national conservation groups. The department's... 

Glass Lewis supports three dissident nominees at Hudbay Minerals

By: Bloomberg     29th April 2019 A prominent shareholder advisory firm has recommended investors partially support efforts from one of Hudbay Minerals Inc.’s largest investors to revamp the board, including withholding their votes for the company’s chairperson Alan Hibben. Glass Lewis urged investors to support three nominees... 

Green economy good news for copper producers – Antofagasta chairman

By: Reuters     18th April 2019 The global fight against climate change will boost demand for copper, a key metal used in the production of electric vehicles, Antofagasta chairperson Jean-Paul Luksic said on Wednesday. Luksic, speaking to reporters at Antofagasta's Los Pelambres mine in north-central Chile, said the global... 

After 40 years, Chile copper giant is struggling to stay on top

By: Bloomberg     16th April 2019 Over more than a century, miners have been digging an open pit in northern Chile that’s now more than four times the size of New York’s Central Park. The Chuquicamata mine has helped Codelco dominate the copper market as the world’s number one producer of the metal. Now, the state-owned company... 

Copper industry to see more disruptions in 2019 – Antofagasta CEO

By: Reuters     12th April 2019 The global copper industry will be rocked by more disruptions this year than in 2018, contributing to a supply deficit as demand for the red metal continues to grow, the top executive of Chilean miner Antofagasta told Reuters. Antofagasta CEO Ivan Arriagada said labour strife, extreme weather... 

Antofagasta to stay put on dividend policy but will return cash to shareholders

By: Reuters     9th April 2019 Chilean miner Antofagasta will retain its dividend policy of paying out at least 35% of underlying net earnings but will pay out excess funds from the proceeds of sales to shareholders, its chief executive said. "If you look at the last three or four years, we have been distributing close to... 

Antofagasta secures debt financing for Chile expansion

By: Creamer Media Reporter      4th April 2019 The expansion of the Los Pelambres copper mine, in Chile, is fully financed, London-listed Antofagasta announced on Thursday. The entire $1.3-billion cost of the expansion would be debt financed by Los Pelambres. 

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