Codelco’s copper output has begun to recover, chairman says
Codelco’s output has begun to recover from a slump that has thrown its status as the world’s largest copper miner into doubt, with the company’s chairman saying production rose year-on-year in August and September.
-
-
Visit: 47
Codelco plans to inject almost $6 billion into projects next year
Chile’s Codelco is planning to invest nearly $6 billion next year in its pipeline of projects, about $1 billion more than the state-owned mining giant had previously estimated, its chairman Maximo Pacheco told Reuters on Monday.
-
-
Visit: 28
Chile’s top court rejects Tianqi appeal to halt SQM-Codelco deal
Chile’s Supreme Court rejected Chinese firm Tianqi’s appeal to halt a lithium deal between SQM and state-run Codelco, local newspaper La Tercera reported on Wednesday.
-
-
Visit: 45
Codelco bids $500 million for stake in key Chile copper mine
Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.
-
-
Visit: 48
Codelco invests in EVs, cacti as part of green makeover
Chilean copper giant Codelco, under growing pressure from global clients demanding sustainable mining credentials, is trying to give itself a green makeover by investing in electric buses, cactus nurseries and recycling metal materials and tools.
-
-
Visit: 61
Chilean court rejects Tianqi’s request to pause SQM-Codelco deal
A Chilean court has rejected a request from China’s Tianqi Lithium to pause a planned partnership between state-run Codelco and lithium miner SQM as the court analyzes arguments against the deal, according to a court document dated Thursday.
-
-
Visit: 67
Codelco working very hard to boost copper output, CEO says Reuters
Chile’s state-run Codelco is working “very hard” to recover its copper production level, CEO Ruben Alvarado said on Tuesday, as the copper giant grapples with a 25-year low in output.
-
-
Visit: 62
Saudis see Codelco as good option for lithium partnership
Saudi Arabia sees Codelco as a good candidate to develop lithium deposits despite challenges facing the state-owned Chilean company, a top government official said in an interview.
-
-
Visit: 48
Tianqi appeals Chile ruling on SQM-Codelco lithium deal
Chinese lithium miner Tianqi has appealed a ruling by Chilean financial regulator CMF that shareholder approval is not needed to proceed with a major tie-up set to boost state control over the country’s lithium sector, it said on Saturday.
-
-
Visit: 82
Codelco says output falls 8% in first half of 2024
Chile’s Codelco, the world’s largest copper producer, on Friday posted a 8.4% drop in output for the first half of 2024 compared with the same period last year, to 579,785 metric tons, citing operational setbacks and difficult weather.
-
-
Visit: 66
Chile’s lower house of Congress asks Boric to void Codelco-SQM deal
Chile’s lower house of Congress approved a resolution asking President Gabriel Boric to annul an agreement between state copper company Codelco and Chilean miner SQM that would give Codelco a prominent role in the lithium industry.
-
-
Visit: 66
Copper output from Codelco this year to top 2023, chairman says
Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.
-
-
Visit: 98
Codelco sees copper output ticking up in second half of year
Chilean copper mining giant Codelco’s output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the state-run miner, Maximo Pacheco, said on Wednesday.
-
-
Visit: 86
Tianqi asks Chile regulator to reconsider decision on SQM-Codelco deal
China’s Tianqi Lithium has appealed Chile’s financial regulator to reconsider its decision about the SQM-Codelco lithium deal not needing shareholder approval, the Financial Market Commission confirmed on Friday.
-
-
Visit: 96
Tianqi weighs legal actions after Chile regulator clears SQM-Codelco deal
China’s Tianqi Lithium said on Friday it was evaluating possible legal action against a Chilean regulator’s ruling allowing a tie-up between No. 2 lithium producer SQM, which it owns around a fifth of, and Chile’s state-run copper giant Codelco.
-
-
Visit: 107
Codelco working to securing deliveries after cargo train crash
Chile’s Codelco was working to secure deliveries to clients after a cargo train carrying a copper load was involved in a crash with a passenger train on the outskirts of Santiago, the state-run copper miner said in a statement to Reuters on Friday.
-
-
Visit: 86
Codelco copper output hit by lingering effects of rock collapse
Codelco attributed a sharp drop in production at its top mine to the lingering effects of a rock collapse last year as the world’s No. 1 copper supplier strives to reverse slumping output.
-
-
Visit: 85
Codelco reaches agreement with Andina mine workers
Chilean state-run miner Codelco said on Friday that it had reached a collective contract agreement with the union representing workers at its Andina mine ahead of schedule, averting the threat of a strike at the site.
-
-
Visit: 105
Codelco chairman says SQM lithium deal on track, despite Tianqi dispute
A plan to kick off a partnership between Chilean state miner Codelco and the world’s No. 2 lithium producer SQM is on track for next year despite a potential challenge from a major SQM shareholder, China’s Tianqi, Codelco chairman Maximo Pacheco said on Thursday.
-
-
Visit: 73
Tianqi weighs bid to protect interests in Chile’s SQM-Codelco lithium deal
China’s Tianqi Lithium, a major shareholder in Chile’s SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco.
-
-
Visit: 87
Codelco reaches collective agreement with unions
Chilean state-owned Codelco said on Thursday it had reached a collective contract agreement with two workers’ unions representing employees at its Andina mine ahead of a planned deadline, helping avert the risk of a strike at the site.
-
-
Visit: 126
SQM expects to close Codelco lithium deal by May 31 deadline
Chilean mining company SQM, the world’s second-largest lithium producer, expects to meet a May 31 deadline to finalize a joint venture with state-run miner Codelco, SQM’s chief financial officer Gerardo Illanes said on Thursday.
-
-
Visit: 107
Codelco working to meet Q2 production goal
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado told Reuters, as the state-run copper miner is pushing to boost production up from its lowest in 25 years.
-
-
Visit: 109
Codelco: SQM lithium talks on track, but much still to resolve
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with mining company SQM on schedule, while noting many issues remain to be resolved.
-
-
Visit: 132
Codelco output keeps falling, underscoring copper struggles
Top copper producer Codelco reported a decline in quarterly output due to lower quality ore at its aging Chilean mines — the latest sign of supply-side struggles that have helped send metal prices to two-year highs.
-
-
Visit: 137