Chile

Chile's Congress has passed a long-awaited mining regulation reform to cut permitting times drastically. The reform is expected to boost investor confidence in the world's top copper producer and second-largest lithium supplier. The legislation, passed with 93 votes in favor, 27 against, and 17...

Diversified global miner Rio Tinto (NYSE:RIO) is doubling down on direct lithium extraction (DLE) technology, with its investment in Chile’s Maricunga project. In partnership with Chile's state-owned Codelco, Rio Tinto is expected to invest up to $900 million into the lithium-rich salt flat,...

Diversified global miner Rio Tinto (NYSE:RIO) has made the next significant step into battery metals, committing $900 million for a 49.99% stake in Chile's Salar de Maricunga, a world-class lithium project controlled by the Chilean state-owned miner Codelco. "We are honoured to be chosen as Codelco...

Multinational miners BHP (NYSE:BHP) and Anglo American (OTCQX:AAUKF) urge the Chilean government to reduce bureaucratic obstacles, preparing to invest billions into expanding the country's copper output. With demand for the metal expected to surge in the coming years, both companies warn that...

Chilean miner SQM (NYSE:SQM) reported a steep drop in Q4 2024 profit as declining lithium prices started to weigh on profitability. The world's second-largest lithium producer posted a net profit of $120.1 million, or $0.42 per share, down from $205.9 million in the same period last year, while...

Anglo American (OTCQX:AAUKF) has signed a $5 billion agreement with Chilean state-owned miner Codelco to develop their neighboring Los Bronces and Andina operations jointly. The deal will further strengthen the company's footing in the leading copper-producing region. The production at those sites...

Chile has rejected the proposed $2.5 billion Dominga iron and copper mining project. Andes Iron, a domestic exploration and mining company, aimed to establish two open-pit mines and a seaport near the Humboldt Penguin National Reserve. However, the regulators rejected the project again, citing...

Chile's state-owned Codelco reported a modest increase in copper production for 2024, with output rising by 3,000 to 4,000 metric tons from the previous year. Although small, the production growth has raised hopes that the mining giant will stage a turnaround and help alleviate anticipated copper...

BHP (NYSE:BHP) has announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global...

By Pablo Fazio The process of regulating cannabis has been complex and varied, with advances and setbacks occurring in different regions around the world. While much of the global attention is focused on the United States, where the rescheduling of cannabis dominates headlines, the situation in...

LATAM Airlines Group SA (NYSE:LTM) shares were declining in early trading on Tuesday. The company has emerged from bankruptcy stronger and is now larger and leaner, according to Morgan Stanley. Analyst Jens Spiess initiated coverage of LATAM Airlines Danaher with an Overweight rating and price...

BHP (NYSE:BHP) has successfully negotiated a new deal with the union at Chile’s Escondida copper mine. This agreement comes after a brief but impactful strike that began over a pay dispute. The union demanded a bonus equivalent to 1% of shareholder dividends—around $35,000 per worker at the...

Mining giant BHP (NYSE:BHP) faces tensions in Chile after the local miner’s union issued a strike. What Happened: A strike threatens to undermine the output at Escondida, the world’s largest copper mine, producing over 1.1 million metric tons annually. “After a new invitation...

Wealth Minerals remains focused on lithium extraction in Chile to address the growing global need for this essential resource. Tim McCutcheon, an advisory board member at Wealth Minerals, detailed the company's strategic plans during the Digging Deeper: The Future of Mining virtual event. He...

Lundin Mining (OTC:LUNMF) announced a $350 million investment to boost its ownership in the Caserones copper-molybdenum mine in Chile to 70%. After acquiring control of the mine in March 2023, the Canadian miner is now exercising a right to expand its stake, boosting its copper and rare metal...