MINING.COM

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.

Cecilia Jamasmie | July 12, 2012 | 10:17 am

Mongolia kingmaker: ‘Fix’ Oyu Tolgoi ‘shadow masters’ and ‘scare to death’ Tavan Tolgoi oligarchs

The Facebook page of the junior partner in the likely ruling coalition post the Mongolian elections makes for scary reading.

Frik Els | July 12, 2012 | 12:08 am

Xstrata-Glencore merger to be decided Sep 7

Giant miner Xstrata has set Sep. 7 as the day for its shareholders to vote on the $26 billion takeover by Glencore, giving the commodities trader six weeks to reach an agreement on the conditions.

Cecilia Jamasmie | July 11, 2012 | 11:00 am

Goldcorp lowers guidance due to drought and production delays

Goldcorp, the world's second-largest gold miner, said expected gold production would drop 8% due to problems at Peñasquito and Red Lake.

Michael Allan McCrae | July 11, 2012 | 5:08 am

Meteor crater in Greenland could yield nickel riches

Vancouver junior, North American Nickel (CVE:NAN), said that its Greenland property is the remains of a gigantic, three-billion-year-old meteorite impact, and displays a similar geological formation found in the Sudbury Basin.

MINING.COM Staff Writer | July 10, 2012 | 7:29 pm

Fitch gives Codelco an A+

Codelco possess 9% of the world's known copper reserves and the A+ rating reflects Codelco's total ownership by the Government of Chile and its strategic importance to the country.

Joshua Zapf | July 10, 2012 | 6:39 pm

Teck weighs future of its $5.6 billion expansion project in Chile

Canadian miner Teck Resources has temporarily withdrawn the Social and Environmental Impact Assessment application for its $5.6 billion Quebrada Blanca II expansion project in northern Chile.

Cecilia Jamasmie | July 10, 2012 | 12:37 pm

Anglo American optimistic on its $3 billion Peru copper project

Despite the recent deadly and divisive disputes over mining projects in Peru, London- based mining giant Anglo American says it hopes to begin construction of its $3 billion Quellaveco copper project in the country as soon as possible.

MINING.COM Staff Writer | July 10, 2012 | 12:00 pm

Cooling equipment to help companies be more profitable and environmentally friendly

Ontario-based MFS Systems (2007) Inc. said its cooling equipment could help large companies such as Chile’s copper producer Codelco and molybdenum processor Molymet increase their profits while maintaining high environmental standards.

MINING.com Editor | July 9, 2012 | 5:57 pm

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Power Ore creates 3D model of former Perry mine at Opemiska

Hudbay Q3 results on track to meet 2019 guidance

Vale outlook cut implies at least 14.7% sales drop in 2019

Funds are starting to turn more bullish on copper

Orvana Minerals to suspend operations at Los Tojas in Bolivia, stock down

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