Chile increases estimate of 2021 average copper price to $3.3/lb

Workers in the mine's largest union last week rejected an offer for a new labor contract, triggering a period of government mediation.

The Canadian miner says any contemplated amendments in a new mining code will not apply to Fekola without its consent.

Operations, which were temporarily suspended on Sunday, have since resumed, excluding the immediate area of the accident, the copper miner said.

Pinera’s government has vowed to reactivate $50 billion in mining investments that it says have been held back by red tape.

Global copper output is expected to climb from 20.4 million tonnes this year to 28 million tonnes by 2027.

It could take up to 90 days to make determinations.

Chile development agency Corfo filed a complaint last week to block the sale of a 32% stake in SQM to China's Tianqi Lithium or any related entities.

The miner expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels.

Best performance in three years.