Codelco extracts first ore from Rajo Inca project

Landowners served Barrick with a no trespass notice last week.

The company is “convinced” that its technology and experience “will make it possible to reach reasonable agreements in the interest of the Chilean state.

Canada Pension Plan Investment Board says it will vote for Teck’s plan to split the mining company after a “technical error” last week caused it to state the opposite.

The country nationalized its copper sector in 1971, provoking international outrage, particularly in the United States.

Production hit 178,100 tonnes of copper in Q1 mainly due to the ramp-up of its newly opened Quellaveco copper mine in Peru.

Capital needed to achieve results in line with the firm's environmental sustainability goals, which it said also align with the government's lithium strategy.

Glencore declined to comment on whether it has met yet with CIC.

"We need companies like Teck here in Canada, companies with a strong commitment to Canada," Freeland wrote in a letter to the Greater Vancouver Board of Trade.

Production will build up over a two-week period and is expected to be at normalized levels by end of April 2023.