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4 days agoThe mining giant is already studying a Phase 3 for the mine which will double its capacity to 600 000 tonnes of copper a year The potential extension would make the mine Chile s second largest
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Although copper is now readily recyclable global demand is on the rise thus calling for the continued mining of copper Chile is the world s top copper producer and exporter In 2024 alone it mined about million metric tons of copper which is equivalent to approximately one quarter of the world s total mining volume This makes the
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Mining of copper ores is carried out using one of two methods Underground mining is achieved by sinking shafts to the appropriate levels and then driving horizontal tunnels called adits to reach the ore Underground mining is however relatively expensive and is generally limited to rich ores El Teniente in Chile is the world s largest
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The degree of copper mineralization in Chile has no equal around the world Indeed Chile is home to some of the world s largest better known copper mines Approximately 80 percent of Chilean production comes from porphyry copper deposits rich in molybdenum gold and silver byproducts Most such deposits lie in northern Chile 20º to 26º S
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Kitco ranked the top 10 largest copper mining companies worldwide based on their reported attributable copper production in Q1 2024 Production at the Chilean mining giant Codelco the world s largest copper mining company decreased 7% year on year to 387 thousand tonnes incl Codelco s stake in El Abra and Anglo American Sur in Q1 2024
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Feb 8 2022The 10 large transnational mining companies considered in this study were Anglo American Sur Mantos Copper Los Pelambres Candelaria Quebrada Blanca Escondida Collahuasi Cerro Colorado Zaldívar and El Abra At the end of the dictatorship in 1989 there were only 3 moderately large foreign mining companies La Disputada which had
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Fast forward three decades and Chile has established copper mining as a central pillar of sustainable economic development representing percent of the country s GDP providing an average of percent of tax revenue and 388 754 jobs for Chile For every $100 contributed by mining to the economy at least another $36 is generated
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The major overhaul of potential mining rights in Chile the world s top copper producing nation was rejected on Saturday despite considerable efforts from the environmental commission In order to nationalise parts of Chile s mining industry a 103 vote supermajority was required to pass into the draft constitution
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The global front runner regarding reporting of water use is the copper sector in Chile In 2024 the mining sector accounted for % of GDP and % of total exports In that year Chile produced million tonnes of copper which accounted for approximately % of global production It also holds the largest copper reserves with a
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Montero Mining and Exploration Ltd has started a detailed field work programme on its Avispa copper molybdenum exploration concessions in Chile following its successful completion of reconnaissance exploration on the property The Avispa project covers 17 000 ha 170 km2 in the Atacama Desert of northern Chile
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World Copper Ltd Tom Hoskyns from Mining Journal speaks to World Copper Ltd CEO Nolan Peterson about their new 426 million tonne oxide copper resource at the Escalones Project in Chile Nolan
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Copper is a key part of its economy however many of its mines are ageing with declining grades of ore and high operating costs as they burrow deeper into the earth The deposits in Chile are
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hot chili is an asx and tsxv listed copper developer focused on developing the costa fuego project which consists of the company s cortadera and productora deposits and contains an indicated resource of 391mt grading % cueq copper equivalent containing mt cu moz au moz ag and 37 kt mo and an inferred resource of 334mt …
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The Escondida copper gold silver mine produces more copper than any other mine in the world million tons in 2024 amounting to % of world output and making it a major part of the Chilean economy
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May 3 2022Chilean copper mine production declined for the third consecutive year to 5 thousand tonnes kt in 2024 down by a marginal % over the previous year This was mostly due to lower production from the country s largest copper producing mines including Escondida Spence El Teniente and Los Pelambres
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Cerro Verde is an open pit copper and molybdenum mining complex and one of the world s largest copper mines producing 1 billion pounds of copper and 29 million pounds of molybdenum in 2024
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Aug 2 2022Sinkholes Sinkhole 25 metres wide prompts investigation near Chilean copper mine Hole believed to be about 200m deep appeared close to Tierra Amarilla town Copiapo province Chilean authorities
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Chile will bring harsh sanctions on those responsible for a huge sinkhole near a copper mine in the country s north the mining minister said on Monday The mysterious metre hole emerged in
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Copper deposits belts of the Andes from Sillitoe and Perello 2024 The Rio Blanco copper mine in the Andes Chile These copper deposits are known as porphyry copper deposits due to their association with a porphyritic intrusions Most of these formed during the Eocene to Miocene in Chile 43 to 5 Ma Mpodozis and Cornejo 2024
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In particular time series of copper production and labor productivity of private and state owned mining firms operating in Chile are presented Specifically historical figures show that falling ore grades have had as a counterpart an increase in electricity costs per metric ton of refined copper during 2024 2024 This is specially the case
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Montero now controls a 182 square mile area in the same geological setting as Spence and Sierra Gorda copper molybdenum mines and is 40 km s west of the supergiant Chuquicamata porphyry deposit the largest open pit copper molybdenum mine in the world Within the Avispa claims area significant historical drill campaigns were carried out by BHP and Quantum Pacific Chile and Montero s
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NO ARCHIVES SANTIAGO Aug 16 Reuters Chile s SMA environmental regulator said on Tuesday it had issued a series of measures against a copper mine owned by Canada s Lundin Mining Corp
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Mining historically the mainstay of the Chilean economy has been a catalyst for both external commerce and domestic industrial development Copper molybdenum iron nitrates and other concentrated minerals make up a large part of the total value of national exports Metals account for the highest percentage of mining exports copper being primary Chile is the world s largest producer
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The cavity was discovered near a copper mine in the Atacama desert The terrain is operated by a Canadian mining company Lundin Mining Corporation who have run the open pit Candelaria
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The Chinese mining consortium had to shut down operations at its Toromocho copper mine In the north of Chile meanwhile geologists have discovered another kilometre deep layer of copper which would enable the South American nation to extract copper for 50 more years explains CODELCO S Diego Candia As long as China keeps up its appetite
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In 2024 Escondida workers staged a 44 day strike the longest ever in the Chilean mining industry that lost BHP $740 million and provoked a percent fall in the country s GDP
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Finally our El Fuego copper deposits encompass two historic Chile copper mines San Antonio Valentina These mines were two of the highest grade underground mines in the region During the past 50 years however these sites saw little in the way of modern exploration and the mining done at these sites was based on outdated modelling
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Teck operates the Highland Valley Copper mine in British Columbia Canada the Quebrada Blanca copper mine in northern Chile and the Carmen de Andacollo copper mine in central Chile We also have an interest in the Antamina copper/zinc mine in Peru one of the world s largest base metal mines In addition Teck has a pipeline of copper projects
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Posted by Paul Moore on 19th May 2024 As part of the continuous innovation that Anglo American seeks to achieve its purpose of re imagining mining to improve people s lives the first two autonomous trucks at the Los Bronces copper mine in Chile were launched today which are converted 290 t Komatsu 930E 4 trucks
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Chile plays an important role in the development and application of bioleaching of copper ores and in the following sections a general panorama of the past present and future of this technology in Chilean mines is presented together with a discussion of the main variables involved in the process
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