A coal mine collapsed last Thursday near the town of Cucunubá.

The company is setting targets for its new Caserones mine and waiting to expand its existing Candelaria mine.

Shares in the world’s top two lithium producers are tanking after Chile said their contracts will not be renewed and prices for the battery metal continue to fall.

The reforms would require miners to give back at least 10% of profits to communities and disclose the impacts of their operations.

As it wraps up an exploration program this year at the Maricunga salt flat, Codelco has been contacted by several companies, chairman Maximo Pacheco said.

Demand for copper to build most electronic devices will exceed supply over the next decade and imperil climate targets unless dozens of new mines are built, analysts say.

The company seeks to counteract a drop in ore grades with "structural projects" and maintain production levels.