Culpeo flattened after thick low-grade hits
Culpeo flattened after thick low-grade hits. Selling sparked after assays from Fortuna copper project in Chile fail to match the hype. Culpeo Minerals' shares suffered a dramatic reversal of fortune today after investors got their first look at assays from maiden drilling at El Quillay, one of five prospects within the Fortuna project...
Mining giants warn Chile mining royalty would impact investment
SANTIAGO, Oct 19 (Reuters) - Mining giants BHP (BHP.AX) and Antofagasta Minerals said on Wednesday that a mining royalty bill in Chile would affect competitiveness and encourage miners to ...
Dentons
Major features. In Chile, mining is a key component of its economy, representing approximately 10 percent of Chile's Gross Domestic Product (GDP). Even though operations are located all over the country, the core mining activities are in the north of Chile. In addition, Chile has favorable conditions for the development of the mining …
India signs agreement with Argentina for lithium exploration and mining
ji, the country achieves a new milestone in securing #CriticalMinerals4India India and Argentina sign an agreement for the exploration and mining of five lithium blocks in Argentina's Catamarca province.". "The agreement has been signed between @MinesMinIndia's Khanij Bidesh India Limited and CAMYEN, the state-owned company …
Chile's SQM suspends operations at lithium salt flats
Indigenous groups for days blocked public roads that lead to mining operations in the south of the salt flat, the world's largest lithium deposit, where SQM and U.S. firm Albemarle extract the metal, preventing workers, supplies and lithium from entering or leaving. The Atacama Indigenous Council, however, on Saturday said that protesters …
MINING
No 1 source of global mining news and opinion. Gold $ 2,055.40 / ozt 0.40%. Copper $ 3.78 / lb 0.59%. ... Communities agree to end roadblocks at Chile lithium operations . January 14, 2024 | 1:43 pm .
Chile assembly debates nationalizing copper
SANTIAGO, Feb 1 (Reuters) - Chile's constituent assembly approved on Tuesday an early stage proposal that could lead to the nationalization of the country's copper industry, sparking an angry response from mining firms in the world's top producer of the red metal. The environmental commission of the assembly, which is drafting …
Chile's lithium mining dilemma: Reconciling economic
Chile's new government. While small-scale metal mining has existed in the Atacama region for centuries, copper and lithium mining saw a boom in the 1980s and …
Chile's new lithium policy a boon for other producers
A decision by Chile, the world's no. 2 lithium producer, to tighten control over the key battery metal sector has left many in the industry wondering what the announced state-led public-private ...
Chile's SQM Suspends Operations at Lithium Salt Flats Due to …
Indigenous groups for days blocked public roads that lead to mining operations in the south of the salt flat, the world's largest lithium deposit, where SQM and U.S. firm …
Chile Greenlights Mining Tax Reform That Boosts Government Take
By Fabian Cambero. SANTIAGO (Reuters) -Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of ...
Chile leader wants state to share in any lithium extraction | AP News
6. Published 7:25 AM PST, April 21, 2023. SANTIAGO, Chile (AP) — President Gabriel Boric has announced a plan to require that private companies take Chile's government on as a partner in the extraction of lithium, which is in high demand around the world for use in electric batteries. Boric, who spoke Thursday on a national media …
Chile | New mining royalty is approved and ready to become law
2023-0956. Chile | New mining royalty is approved and ready to become law. A new mining royalty in Chile considers an ad-valorem component (1%) and an operating margin component (8%-26% for big mining companies), according to their level of sales and the minerals exploited. Mining projects that currently have tax invariability will …
Global Business Reports
Chile Mining 2023. Mining. Chile. August 18, 2023. The first half of 2023 was a transformative period for the Chilean mining industry. On May 10th, the Chilean …
Chile-focused miner Antofagasta increases copper
A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews. ... Chile-focused miner Antofagasta increases copper and gold production in Q1 y-o-y, reiterates 2023 guidance. Vladimir Basov . Wednesday April 19, 2023 12:28.
Uncertainty looms for Chilean miners regardless of new …
The mining industry in Chile, the world's largest producer of copper, will probably continue to face uncertainties regardless of the outcome of a national referendum on September 4 on the adoption of a new national constitution, key stakeholders told Fastmarkets on Wednesday, August 31.
Chile greenlights mining tax reform that boosts …
Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has ...
Chile Exploration Spending – 2023 Summary
Chile vs Global. In 2023, global exploration activity slightly dropped compared to 2022. Exploratory activity fell from US$13 billion in 2022 to US$12.7 billion. Global exploration grew at an ...
Global Business Reports
Our 2021 Chile Mining Report is the product of over 70 interviews with major mining companies, junior explorers, service providers, equipment and technology …
Chile's plan for state control in lithium dismays business | AP News
The Chilean government's newly announced plan to have the state take a majority stake in the lithium industry has disconcerted business leaders. But analysts cautioned Friday that the proposal appears to try to strike a middle ground between competing interests. President Gabriel Boric announced in a national broadcast …
Chile's move to control lithium alarms industry
Still, failing to capitalise on the boom means Chile is set to fall from the world's second-largest lithium producer last year to fourth in 2030 after China, Australia and Argentina, with its ...
U.S. needs minerals for green tech, but planned mines could
SUPERIOR, Ariz. — On a 107 degree morning in the mountains east of Phoenix, a miner in a hard hat plunges down the nearly 7,000-foot shaft of what may soon be the biggest underground copper mine ...
InvestChile | InvestChile
Chile was present with a virtual stand and launched its guide "Chilean Mining: Powering the Green Economy", which was jointly prepared by the Mining Ministry and InvestChile. The document presents a portfolio of 33 initiatives: 28 fall within the exploration category, while 5 projects fall within more advanced stages or pre-mining …
Escondida Copper, Gold and Silver Mine, Atacama Desert
The Escondida mine in northern Chile is the largest producer of copper cathodes and concentrates in the world. The project was started in the late 1990s and has a 40-year mine life. The mine is owned and operated by a joint venture of mining companies, including BHP (57.5%), Rio Tinto (30%) and JECO (12.5%). The mine received the …
Peru Mining Industry – The Year in Review
Peru has a USD$53b project pipeline that has largely stalled due to community issues, political unstability, protests, and a slow permitting process. Copper production is expected to finish around ...
Chile's Senate Approves Mining Royalty Bill, Passes to Final Vote
SANTIAGO (Reuters) -Chile's senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week. Chile ...
Chile's mining sector contracts in June as local
INE said that the 2.1% decline in Chile's mining sector (IPMin index) was due to lower activity registered in the country's metallic mining subsector, which fell 3.9% due to the decrease in extraction and processing of copper. According to the report, Chile, the world's largest producer of copper, mined 462,172 tonnes of copper in June 2022 ...
In focus: Chile's mining vision for 2022-23
In focus: Chile's mining vision for 2022-23. Bnamericas Published: Friday, May 27, 2022. Public Investment Government program Lithium Hydroxide Lithium Lithium Electrolyte. Show 5 More.
The rush to 'go electric' comes with a hidden cost: destructive lithium
In the mining installations, which occupy more than 78 sq km (30 sq miles) and are operated by multinationals SQM and Albemarle, brine is pumped to the surface and arrayed in evaporation ponds ...
Chile
The mining sector's contribution to the country's 2022 GDP was 13.6 percent and mining exports reached 58 percent of total country exports. The industry remains a key sector of Chile's economy. The estimated price of copper for 2023 is $4.04 per pound. According to USGS, Chile lithium production output increased from 28,300 MT of lithium ...