Copper producers are paying the price of their covid cutbacks

Speaking on the sidelines of the World Copper Conference held this week in Santiago, chief executive Iván Arriagada said the company will only go ahead with the project if it meets Antofagasta’s return criteria.

If rubber-stamped by the senate, the move would give state-run KGHM a bit more room to breathe, as the miner has been struggling with rising costs, falling copper prices, technical problems and higher-than-expected capital spending in the past years.

President Jair Bolsonaro said on Friday the country could open a vast reserve in the Amazon rainforest to mining, a move attempted by his predecessor that was quickly rescinded following an international environmental outcry.

Sociedad Química y Minera de Chile has a 5-year option to explore and earn an 80% interest in the Calvario and Mirador projects.

The miner is partnering with GoldSpot Discoveries to produce 2D and 3D targets for its upcoming exploration program.

Chile's SQM, the world’s second-largest lithium miner, said expansion plans had gone better than expected and that sales would likely beat its forecasts for this year.

It is unclear how long the dams' suspension will last.

The company has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit,

Tianqi's $4.1B purchase of a 24% stake in SQM went through in December, but the Chinese firm has faced push back.