Chile

News April 6, 2020

Antofagasta halts Los Pelambres expansion project

Antofagasta (LSE: ANTO) has suspended a US$1.3 billion expansion at its Los Pelambres operation in Chile for an estimated four months as the coronavirus pandemic has made it impossible to…

The Candelaria and Ojos del Salado mines and surrounding tenements are located in Chile's Atacama Province, Region III, at an elevation of approximately 650 metres above sea level, 20 km south of the city of Copiapó. Credit: Lundin Mining.

Fast News February 10, 2020

Chile’s copper output falls on declining grades

Copper production in Chile, the world’s No. 1 producer of the metal, dropped by 44,000 tonnes, or almost 0.8%, last year compared to 2018, amid a perfect storm of falling…

The Mantoverde copper mine in Chile, which Anglo American sold, along with the nearby Mantos Blancos copper mine, to a consortium led by Audley Capital Advisors earlier this year. Credit: Anglo American

Fast News February 7, 2020

Mitsubishi acquires 30% of Mantoverde copper mine

Japanese powerhouse Mitsubishi Materials Corporation (MMC) has acquired a 30% stake in Mantos Copper’s Mantoverde mine and associated projects in Chile for US$263 million. MMC has been seeking to participate…

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