Articles Tagged "Chile"

Copper Prices Fail to React to Chile Earthquakes

Bloomberg Businessweek reported today that Copper prices have dropped 0.7 percent on the LME since an 8.2 magnitude earthquake put Chilean mines in danger on April 1. Industry leaders will discuss falling prices for the metal at Cesco 2014, the industry's annual meetup taking place this week in Santiago. Talks will likely focus on Chinese stimulus efforts as well as the anticipated copper surplus for this year.

Chile Mines Unharmed after Recent Quake

Reuters reported that most Chilean mines seem to have held up well against a recent 8.2 magnitude earthquake in the mineral rich region. No damage was reported to the Collahuasi copper mine, and Coldeco, Antofagasta and Teck Resources all said that their mines were functioning well.

Mirasol, First Quantum to Explore and Develop Rubi Property

Mirasol Resources Ltd. (TSXV:MRZ) announced that it has signed a binding Letter Agreement with First Quantum Minerals Ltd. (TSX:FM,LSE:FQM). Together, the companies will explore and develop Mirasol's Chile-based Rubi property, which is located within a porphyry belt that hosts "many world class porphyry copper deposits."