Codelco to receive sustainability guidance from Aurubis

Europe’s largest copper producer Aurubis will provide Chile’s state-owned Codelco with technology and know-how to achieve more environmentally responsible mining practices at its operations, reported Reuters. The news agency said two companies plan more than 15 joint projects. Aurubis will provide Codelco with technical expertise including methods and equipment to reduce air and water emissions, measure and analyse pollution, and…

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Barrick testing the waters for a First Quantum takeover

Barrick Gold CEO Mark Bristow has spoken with some of First Quantum Minerals’ major investors to gauge their support for a potential takeover as the gold giant seeks to become a major copper producer, reported Bloomberg. Canadian-based First Quantum has been left vulnerable after Panama ordered the closure of its new Cobre Panama mine last month, wiping out more than…

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Codelco strikes deals with three unions

Chilean miner Codelco said it reached contract agreements with three unions, putting off the risk of a strike at the state-run company, reported Reuters. Codelco attained an early agreement with two unions at its Ventanas division, a copper refinery in the town of Ventanas. The 36-month contract offers were accepted by more than 70% of those who voted. In Santiago,…

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Commercial production commences at Kombat 

Trigon Metals said it achieved commercial production as of October 11 at its Kombat copper mine in Namibia. The milestone marks a major step forward in Trigon’s journey toward becoming a leading mid-tier copper producer. The miner said commercial production status was achieved swiftly in accordance with its targets. The mill started producing concentrate on August 3 then Triggon proceeded…

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Peru copper rising: report

Copper production in Peru rose 21.8% in June compared to the same month last year, Reuters has reported, citing the country’s ministry of energy and mines. Production, according to the agency, hit 241,801 metric tons in the month, with output for the first half of the year up 17.6% thanks in part to June’s boost. The ministry added that production…

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Chilean government approves mining tax reform

Lawmakers in Chile’s lower house of Congress approved a mining tax reform bill, which will require large copper and lithium miners that operate in the mineral-rich country to pay more taxes and royalties to the government, reported Reuters. Under the reform, the top tax rate will reach up to nearly 47% for companies that produce over 80,000 tonnes of fine…

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Codelco renews Innergex contract through 2032

Aligning with its 2050 decarbonization goal, Chile’s state-owned Codelco has renewed a clean energy contract with Canada’s Innergex Renewable Energy for its Gabriela Mistral mining division in northern Chile.. The new contract became effective April 1, and will run until the end of 2032. “This clean energy project allows us to avoid the emission of 15,000 tons of carbon dioxide…

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