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Copper: SEA recommends denial of extension for Los Bronces mine in Chile
Chile's environmental regulator has recommended that global miner Anglo American's Los Bronces copper project should not be granted an extension permit involving a planned $3.3bn investment. Anglo American reported that Chile's environmental assessment service had...
Copper: surplus of 16,000 tonnes recorded in January 2022
In the latest monthly bulletin from the International Copper Study Group, the global refined copper market showed a surplus of 16,000 tonnes in January, compared to a deficit of 74,000 tonnes in December. In 2021, the market was in deficit by 439,000 tonnes, compared...
Copper: Los Pelambres expansion to cost Antofagasta more than expected
Chilean miner Antofagasta has reported that the ongoing expansion of its flagship Los Pelambres operation at home will cost $2.2bn, up from the previous estimate of $1.7bn. The revised figure represents a 30% increase from estimated costs in 2021 and a 70% jump from...
Copper: Peru declares state of emergency
Peru has declared a state of emergency near Southern Copper Corp's Cuajone copper mine, as protests have led the Andean nation to halt 20 percent of its copper production. Operations at Cuajone were suspended on 15 March after residents of a nearby community shut off...