Tag Archives: copper

Congress Set to Repeal Chile’s Copper Reserve Law

Posted on September 10, 2009 by Daniel

President Michelle Bachelet gave her support Tuesday to a bill that would repeal the Copper Reserve Law. The Copper Reserve Law, a relic of the Pinochet dictatorship, guaranteed that 10 percent of all sales made by the state-owned CODELCO copper … Continue reading →

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CODELCO AWARDED US$62.5 MILLION IN INSURANCE SETTLEMENT

Posted on August 31, 2009 by Daniel

Monday, 31 August 2009 State-run copper company CODELCO will be awarded a cumulative insurance claim of over US$62 million for three incidents that occurred in the company’s Northern Division in 2006 and 2007. The Superintendent of Insurance and Securities has … Continue reading →

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COPPER MINING TO INCREASE AS PRICES RISE

Posted on July 30, 2009 by Daniel

Thursday, 30 July 2009 The Chilean mining industry has regained more than half of the jobs lost in the recent recession and is anticipating further growth, spurred in large part by a growing value for copper, according to the latest … Continue reading →

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WORLD’S LARGEST COPPER MINE TO CUT PRODUCTION

Posted on July 24, 2009 by Daniel

Friday, 24 July 2009 Minera Escondida, the world’s largest copper mine in terms of annual output, will be closing part of its mining operations for repairs. Escondida will be repairing the Laguna Seca semi-autonomous grinding (SAG) mill for 45 days, … Continue reading →

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CHILE’S FINANCE MINISTER PUMMELS PIÑERA

Posted on July 23, 2009 by Daniel

Thursday, 23 July 2009 Conservative presidential candidate Sebastián Piñera’s economic proposals range from misguided to erroneous, Finance Minister Andrés Velasco said in an interview published Wednesday in the daily El Mercurio. Velasco, one of President Michelle Bachelet’s few ministers to … Continue reading →

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