Chile’s Codelco to meet obligations as financials deteriorate -JPMorgan
SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, will meet its financial obligations despite headwinds from a series of operational problems and from high levels of debt and investments, JPMorgan…
Chile’s Codelco sees lower copper output, more stoppages in 2023
SANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months…
Chile’s Codelco must kick-start lithium industry while reviving copper output
By Fabian Cambero SANTIAGO (Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s largest copper producer, to lead the charge of…
Codelco CEO steps down as Chile copper giant faces ‘complexities’
By Fabian Cambero SANTIAGO (Reuters) -The CEO of Chile’s state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and “complexities” in running the world’s…
Chile miner Codelco and BHP sign sustainable mining agreement
SANTIAGO (Reuters) – Chile state-owned miner Codelco and multinational miner BHP Group signed a knowledge-sharing agreement on sustainable mining, Codelco said in a statement on Tuesday. The “collaboration accord” sets up a…
Chile’s Codelco trials fully-electric loader in bid to cut emissions
By Natalia A. Ramos Miranda EL TENIENTE MINE, Chile (Reuters) – A huge fully electric-powered 14-ton loading shovel has begun operating at Chile’s century-old El Teniente copper mine, in what state miner…
Codelco offers 2023 European copper premiums at record high -sources
LONDON (Reuters) -Chile’s Codelco, the world’s biggest copper miner, is offering to sell copper to European buyers at a record high premium around $235 a tonne for 2023, a rise of 85%…
Chile’s Codelco to restart some mining projects after worker deaths
SANTIAGO – Chile’s state-owned Codelco, the world’s top copper miner, expects to gradually restart operations at some of its mining projects on Monday, following the death of two workers earlier this month,…
Exclusive-Copper giant Codelco sees ‘very firm’ copper price ahead despite recent drop – chairman
By Fabian Cambero SANTIAGO – Chilean state-owned copper miner Codelco, the world’s top producer of the red metal, sees a firm copper price ahead despite a recent sharp fall, chairman of the…
Chile’s Codelco and workers reach agreement to end strike
By Natalia A. Ramos Miranda SANTIAGO -Union leaders at Chile’s state-owned mining firm Codelco, the world’s largest copper producer, reached an agreement with the company on Thursday to end a national strike…
Workers at Chile’s Codelco say strike imminent if investment demands not met
SANTIAGO – Workers at Chile’s state-owned Codelco, the world’s largest copper producer, will go on strike if they do not receive a favorable answer from the company’s board of directors Friday, the…
Chilean Codelco workers keep strike threat due to lack of smelter investment
SANTIAGO – Workers at Chilean state-owned Codelco, the world’s largest copper producer, maintained the threat of a strike on Wednesday if a solution was not reached on investments required by a troubled…
Chile’s Codelco stops smelter for maintenance after environmental incident
SANTIAGO – Chilean state-owned Codelco, the world’s largest copper producer, said on Wednesday that it stopped its Ventanas smelter and refinery to carry out maintenance after authorities declared an environmental emergency in the…
Chile’s Codelco reports Q1 pre-tax profit of $1.521 billion
(Reuters) – Chilean copper producer Codelco posted on Friday a first quarter pre-tax profit of $1.521 billion, a 7% decrease from the year-ago period. The state-owned company’s quarterly production totaled 364,000 tonnes,…
Chile’s Codelco says it is optimistic about copper price for 2022
(Reuters) – Chilean state-owned mining company Codelco is optimistic about copper prices for 2022 boosted by higher demand, its president Maximo Pacheco said on Friday during a press conference. Pacheco, who spoke after a…
Chile copper giant Codelco profits surge on higher metals prices
By Fabian Cambero and Anthony Esposito SANTIAGO – Pre-tax profits for the world’s largest copper producer Codelco surged to $7.4 billion in 2021 from $2.1 billion a year earlier, boosted by high…
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