Wednesday, 14 September 2011 10:56

Written by Adeline Bash

Officials say high prices of copper, molybdenum, led to substantial surplus increase.

Chile’s national copper corporation, Codelco, reported a profit surplus of US$3.9 million for the first semester of 2011 — an increase of 70 percent compared to the same period last year.

Monday, 12 September 2011 17:02

Written by Juan Francisco Veloso Olguin

A recent study by Ernst & Young revealed a number of  risks affecting the world’s mining and metals industry that will likely also affect the colossal mining and metals industry in Chile.

Wednesday, 31 August 2011 16:47

Written by Benjamin Schneider

Copper production expected to increase 30 percent as old mines close and new mines open.    

Over the next 15 years, Chile’s state-owned copper company Codelco, the world’s leading copper producer, will invest US$37 billion to raise production from 1.76 million tons of refined copper per year to an estimated 2.28 million, according to the company’s 2011 Business and Development Plan (PND).

Thursday, 25 August 2011 16:30

Written by Zach Simon

Codelco, Xstrata, Teck, Luksic and Freeport McMoRan all hope to avoid costly strikes.

Nearly 3,000 workers from Chile’s top copper mining companies will enter into collective bargaining negotiations before the end of the year. It is widely believed that the companies acquiesced to demands of renewed negotiations with unions because of the effects of recent strikes on production levels.