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Chile government rejects Codelco privatization
The Chilean government ruled out on Wednesday the privatization of state-owned mining giant Codelco, the world’s largest copper producer, after a small group of lawmakers proposed to sell it off to raise funds for the coronavirus response. Chile’s Chamber of Mines and...
New Century, Vale delay nickel mine deal
New Century Resources and Vale have delayed the deadline for closing the sale of the Brazilian miner’s nickel and cobalt operations on the Pacific island of New Caledonia by 45 days. The Australian zinc producer entered into a 60-day exclusivity agreement to acquire a...
Rio Tinto’s Winu copper project just got bigger
Rio Tinto said on Tuesday it had made a “promising” discovery 2 km (1.2 miles) east of its Winu copper-gold project in Western Australia, which is on track to begin production in 2023. The world’s no. 2 miner also revealed a maiden resource for the deposit, which has...
Workers, Antofagasta reach labor deal at Zaldivar mine
The union of workers at Antofagasta’s Zaldivar copper mine in northern Chile told Reuters it had reached a contract deal with the Chilean-based miner, averting the risk of a walk-off. The workers at the mine entered mediation with the government over salaries and...