Balancing risk and reward in South America
The Northern Miner’s second-quarter Global Mining Symposium in mid-May was a great success, with 1,432 delegates tuning in from 86 countries. In this issue we cover the conference’s keynote speakers,…
Codelco
World’s top 10 biggest copper mines
Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world’s energy systems is also used in heating, cooling, electronics, power generation…
Proposed new royalty unsettles miners in Chile
The return of high copper prices has come in the nick of time for Chile, but as the price for the red metal rallies, politicians believe the mining industry could…
World’s largest copper miner to cut 70% of emissions by 2030
Chile’s Codelco, the world’s largest copper producer, has outlined sustainability plans in five areas of action for its operations and projects, including goals to cut carbon emissions by 70%, reduce inland…
Copper surges to 28-month high
The copper price was trading at its highest since June 2018 on hopes of a U.S. stimulus package, worries about supply from top producer Chile, and robust Chinese economic growth….
Lundin Mining to halt Candelaria after union talks fail
Lundin Mining (TSX: LUN) will suspend operations at its Candelaria copper mine in Chile after failing to reach a deal with a second union, representing about 550 workers, which will…
Water rights under scrutiny in Chile’s Atacama Desert
In one of the world’s driest deserts, the battle for water is heating up. Mining companies sifting northern Chile’s Atacama Desert for copper, lithium, and other minerals are increasingly finding…
Chile’s Chamber of Mines rejects calls to privatize Codelco
Chile’s Chamber of Mines and unionized workers have rejected a proposal put forward by parliament members to sell state-owned Codelco, the world’s largest copper miner, in order to finance the…
Coronavirus hits Peru’s mining sector
Mining companies operating in Peru are being forced to keep operations suspended and halt new ones as confirmed coronavirus cases in the country jumped past 300,000 on Sunday, with several…
Codelco shuts Chuquicamata operation over coronavirus fears
Chile’s Codelco, the world’s No. 1 copper producer, has closed its Chuquicamata smelter and refinery to prevent a further spread of Covid-19 among its staff, following the death of a…
Codelco profits down 85% despite output increase
Chile’s Codelco, the world’s largest copper producer, saw profit nosedive in the first three months of the year as prices for the metal dropped to an average of US$2.49 per…
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the date to restart operations is…