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Codelco strikes labour deal with supervisors at Salvador mine

By: Reuters     15th May 2019 State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labour contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into a government mediated negotiation earlier this month after... 

Top copper miner output declines to lowest in more than a decade

By: Bloomberg     8th May 2019 The world’s top copper miner posted the lowest production in more than a decade during the first quarter after heavy rains hit its operations and output declined across all of its aging mines. Chile’s Codelco churned out 370 900 t in the first quarter of 2019, down 27% from the previous three... 

Top copper miner says price slump won't last for long

By: Bloomberg     6th May 2019 he world’s largest copper miner has a word of advice to the bears in the market: the downtrend in prices won’t last long. While the metal headed for its biggest weekly loss since November after weaker factory gauges in China and the US fueled demand concerns, those fears weren’t grounded on... 

Tesla manager sees risk of battery-minerals shortage in future

By: Reuters     3rd May 2019 Booming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla representative told US officials and mining executives in a meeting in Washington. Prices for some of... 

Royalties for lithium to be set case by case in Chile – Minister

By: Reuters     30th April 2019 Chile's mining minister Baldo Prokurica said royalties for the ultralight battery metal lithium would be set on a "case-by-case" basis from now on, using a negotiation model similar to that used with top producers in Chile's Atacama salt flat. State development agency Corfo struck deals with top... 

First hybrid dump truck to cart copper at Codelco's El Teniente mine in Chile

By: Reuters     25th April 2019 The world's top copper miner Codelco has added its first hybrid dumptruck to its fleet at its El Teniente mine, the company said on Wednesday, in a global mining industry that is increasingly seeking to reduce its emissions and environmental footprint. The so-called Load-Haul-Dump truck, known... 

Antofagasta copper output rises as China fears threaten demand

By: Reuters     24th April 2019 Chile-focused copper miner Antofagasta posted a 22.6% jump in first-quarter copper production and maintained its full-year output outlook, despite the possibility that China may ease stimulus measures which could hurt prices. Antofagasta said on Wednesday production in the quarter was bolstered... 

Cochilco holds 2019 copper forecast at $3.05/lb

By: Reuters     18th April 2019 Chile's Cochilco State copper commission on Thursday held its estimate for the price of copper at $3.05/lb, rising slightly to $3.08 for 2020 on improving prospects for growth in China. Cochilco said it saw production in Chile, the world´s top copper producer, at 5.96-million tonnes for 2019 and... 

Tianqi Lithium to nominate two Chileans, US executive to SQM board

By: Reuters     17th April 2019 China's Tianqi Lithium said on Wednesday it would nominate a Chilean economist, a Chilean attorney and a US executive as candidates to the board of top Chilean lithium producer SQM, in which it owns a near-24% stake. Tianqi has nominated Chilean attorney Francisco Ugarte, who represented the... 

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... 

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