Codelco says to ignore copper’s gyrations, remains bullish on demand

Previous explorers at Arakaka have spent more than $20 million on the project.

The temporary decree effectively removes any involvement of the National Indigenous Affairs agency (FUNAI) in reserves demarcation.

It now expects to produce between 320 and 330 million tonnes of the steel making ingredient in 2019, down from a previous guidance of 333 to 343 million tonnes.

Wet processing at Brucutu was suspended in early February at the request of local prosecutors following the tailings dam disaster at Brumadinho, which left 243 dead.

Striking miners and police clashed earlier on Tuesday, with authorities using rubber bullets and tear gas as workers tried to block access to the state-owned firm's mine.

The new railway would stretch for 400 kilometers (248.5 miles) from the current Carajas railroad to Vila do Conde port.

Iconic Grasberg copper and gold mine shoots to the top with a 70% surge in production.

“Copper mining in Chile has become more and more difficult as ore bodies decline, the target rocks are increasingly harder, and water is getting far more expensive.

Court doubled the fine applied against the company to 200,000 Real ($52K) for each day it kept the nickel complex open, despite a February ruling that ordered the full suspension of operations at the site.