Articles Tagged "Chile"

Chile to See 20% of Mines Closed by 2025

Mining.com reported that roughly a fifth of the largest copper mines in Chile could soon be closed. However, some of the mines could also be saved through a reconversion process.

Western Copper and Gold Announces Operating Strategy for Casino Project

Western Copper and Gold (TSX:WRN, NYSE:WRN) has signed a letter of intent with M3 Engineering and Technology to develop an agreement for M3 to operate and maintain the Casino mine. The letter of intent outlines the general terms and scope by which M3 will operate the heap leach and concentrator processing facilities at Casino and provide procurement and contract management services.

BHP, Rio’s Escondida Copper Mine Holds Additional US$800 Million Copper Resource

The Sydney Morning Herald reported that BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO) have at least 200 million tonnes of copper ore at grades higher than 1 percent underneath a concentrator at its Escondida copper mine in Chile. The miners could earn up to US$800 million between them over the next three years if they are able to add to existing production.

Codelco to Fall Short on China Copper Shipments, Country Could Buy Spot Copper

Reuters reported today that Chile's Codelco could cancel as much as 10,000 tonnes of its term copper shipments to China, which could pressure China to buy copper elsewhere. According to Reuters, and unnamed source stated that Codelco has already cancelled 7,000 tonnes of shipments so far, and BHP Billiton (NYSE:BHP) has also asked to delay some of its term copper shipments to China.