Codelco boosts output to tap copper price jump

Constantly rising currency inflation means small amounts of gold are being used to pay for everyday staples.

The bill proposes a gradual reduction in taxes on businesses to 30% by 2022 as well as a new sales tax refund of 19% for capital goods such as machinery.

Copper output in Chile, the world’s top producer of the metal, is expected to increase 4% in 2019 and continue to grow steadily during 2019 due to stronger performance from major mines, upgrades to existing operations, and lower risk of labour strikes.

The Columba silver project has not been systematically explored since the Mexican Revolution.

The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.

Earlier this year, Yamana announced a hike in its exploration budget to $11.2 million from the previous $9 million.

Canadian miner Lundin is cutting 106 jobs at its Candelaria copper mine "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike.

Canada’s largest diversified miner is also studying a Phase 3 for Quebrada Blanca, which would double the mine’s capacity to 600,000 tonnes of copper a year from the 300,000 it’s expected to achieve once Phase 2 is completed.

It is expected that companies may choose to use the updated guidance starting January 1, 2019.