Codelco to allow teleworking in post-coronavirus ‘cultural change’

Mine accounts for 2.5 per cent of Chile's economy.

Workers are pushing off further negotiations until later this year when their contracts expire.

Ponce has held power at SQM since it was privatized under Pinochet in the 1980s and is still the largest shareholder.

Miners around the globe produced 330,000 more tonnes of copper between January and March this year than in the same period of 2017, helped by higher production in world’s leader Chile.

First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.

Sumitomo’s move comes as Japanese trading companies have been grabbing assets and increasing their stakes on a few of them thanks higher commodities prices, which have boosted their profits.

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

Alicanto Minerals will retain 100% of Arakaka gold project.

The Competition Commission of India green-lighted the $4.1 billion deal reached in May between the Canadian potash giant and China’s Tianqi Lithium.