Chile’s drought forces Antofagasta to cut copper guidance

Though we have not seen a material impact on our business, we remain cautious in the near term

The news comes barely a week after the company said another worker had been released on bail after being charged with corruption.

The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.

The Rajo Inca project would convert the existing asset, which has been in operation since 1959 and is due to run out of ore in 2021, to an open pit mine from an underground one.

World warehouse stocks are dropping, down 50% since the first of April.

The copper market is currently experiencing a squeeze on physical metal which is unexpected.

First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.

BHP has agreed to pay 45 pence per SolGold share.

The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.