This follows another job cut announcement 10 days earlier, when Codelco said it would trim 10% of staff.

Inflationary pressure is coming from lower ore quality, which means more rock has to be crushed to extract the same amount of metal.

Deaths occurred at Anglo American's Los Bronces mine and at Minera ACF, which produces iodine and nitrate in the Tarapaca region.

An accident still under investigation caused the death of two workers at Anglo American’s Los Bronces mine in Chile’s Metropolitan Region.

Three senior vice presidents on the executive leadership team are stepping down as the metals producer approaches a September deadline to relocate its headquarters to Vancouver.

The plans stand in contrast to Agarwal's attempts in 2020 to delist Vedanta Ltd.

Ruben Alvarado also faces reining in ballooning costs, and spearheading a state push into battery metal lithium.