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Top related persons:
Codelco - 4 Fabian Cambero - 3 Julian Luk - 2 Pratima Desai - 2 Veronica Brown - 2 Andre Sougarret - 2 David Evans - 1 Ivan Alvarado - 1
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Chile Rancagua Chilean Codelco China Santiago Santiago , Chile El
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REUTERS - 3 Thomson - 3 Codelco - 2 Evergreen - 1 Copper Study - 1 for Copper - 1 Mining Studies - 1 El Teniente - 1

Search resuls for: "Teniente"


6 mentions found


☆ Codelco ends long-term mined copper deals to China clients from 2025 -sources
  + stars: | 2023-09-15 | by ( Julian Luk | ) www.reuters.com   time to read: +3 min
The Codelco El Teniente copper mine, the world's largest underground copper mine is shown near Rancagua, Chile August 13, 2020. Output at the world's largest copper producer has been dropping despite $15 billion invested in flagship mines including El Teniente and Chuquicamata where costs have overrun significantly, according to an influential industry body. Codelco accounts for 29% of Chile's copper production. The world's largest consumer of industrial metals bought 25.3 million tonnes of copper concentrates last year, according to International Copper Study Group. The global copper concentrate market is expected to see a steep deficit during 2025-2027 as Asian and African smelters ramp up capacity, outpacing mine supply.
Persons: Fabian Cambero, Codelco, Julian Luk, Pratima Desai, Veronica Brown, David Evans Organizations: REUTERS, Codelco, Evergreen, Copper Study, Thomson Locations: Rancagua, Chile, Chilean, Codelco, China
☆ Chile's Codelco at risk of insolvency as debt grows, CESCO report says
  + stars: | 2023-08-17 | by ( Julian Luk | ) www.reuters.com   time to read: +4 min
REUTERS/Ivan Alvarado/File Photo Acquire Licensing RightsLONDON, Aug 17 (Reuters) - Chile's Codelco, the world's largest copper producer, is at risk of insolvency due to rising costs and a growing debt pile stemming from projects that missed output targets, Chile’s Centre for Copper and Mining Studies (CESCO) said in a report seen by Reuters. At the heart of Chile's mining industry, Codelco needs to revive it's copper production from a 25-year low. "Codelco has explained...it will not redirect its focus from copper production or divert resources from other areas," Codelco said in an emailed response. Codelco's production in the first half of 2023 was 633,000 metric tons of copper, the lowest in 25 years. Over the past five years, its copper production has dropped 17% and is expected to keep falling until 2025.
Persons: Ivan Alvarado, Codelco, Andre Sougarret, Sougarret, CESCO, Julian Luk, Fabian Cambero, Pratima Desai, Veronica Brown, Kirsten Donovan Organizations: REUTERS, for Copper, Mining Studies, Reuters, Codelco, Thomson Locations: Santiago, Chile
☆ Chile's Codelco sees lower copper output, more stoppages in 2023
  + stars: | 2023-07-28 | by ( Reuters Staff | ) www.reuters.com   time to read: +2 min
A virtual operations center of Chile's state-owned Codelco, the world's largest copper producer, is seen during its inauguration in Santiago, Chile, December 1, 2021. REUTERS/Fabian CamberoSANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines. Codelco, whose production fell to its lowest level in a quarter-century last year, has faced a series of adverse weather and operational problems, including the death of a contract worker at El Teniente in June. The company has also been tasked with leading talks with private companies in Chile’s push to increase state control over the country’s vast lithium industry. 2 for lithium, key to powering the booming electric vehicle industry, though Codelco does not mine any lithium.
Persons: Fabian Cambero SANTIAGO, Codelco, Andre Sougarret Organizations: REUTERS, El Teniente Locations: Santiago , Chile, El, Chile
☆ Electrical accident at Chile's El Teniente copper mine leaves one dead
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +1 min
SANTIAGO, June 29 (Reuters) - An electrical accident at Codelco's El Teniente mine in central Chile, the company's largest copper mine, left one dead, the state-owned mining giant said in a statement on Thursday. Codelco said the accident happened at the mine's Andes Norte expansion project at about 3 p.m. (1900 GMT) when Osvaldo Bustamante Frias, a 29-year-old electrical technician, suffered an electric discharge during the installation of a generator. The company said work in the area was immediately halted and started an investigation to determine the cause of the accident. State-owned Codelco, the world's largest copper producer, said the technician was employed by German construction firm Zublin, which had been contracted to work on the Andes Norte project. Parts of El Teniente's mining operations had been halted recently due to recent torrential rainfall, but underground operations and work on the Andes Norte project continued.
Persons: SANTIAGO, Codelco, Osvaldo Bustamante Frias, Fabian Cambero, Carolina Pulice, Sarah Morland, Isabel Woodford, Sonali Paul Organizations: Thomson Locations: Teniente, Chile
☆ Column: Chile uses an old copper template for new lithium plan
  + stars: | 2023-04-25 | by ( Andy Home | Thomson Reuters | Senior Metals Columnist Who Previously Covered Industrial Metals Markets For Metals Week | ) www.reuters.com   time to read: +7 min
The country nationalised its copper sector in 1971, provoking international outrage, particularly in the United States. President Gabriel Boric's lithium "nationalisation" is a more benign version, using an even earlier copper model. THE COPPER MODEL - GOOD AND BADIf President Boric's lithium policy is an echo of past copper policy, the comparison is with the "Chileanisation" programme of the Eduardo Frei Montalva administration in the late 1960s. Even the neo-liberals of the Augusto Pinochet regime kept the national jewel in the crown as they opened the rest of the country's' copper sector up to the private sector. It is now Codelco that is tasked with taking control of the country's lithium sector.
☆ Chile's Codelco trials fully-electric loader in bid to cut emissions
  + stars: | 2022-11-16 | by ( Natalia A. Ramos Miranda | Marianna Parraga | ) www.reuters.com   time to read: +2 min
[1/3] A LHD electric loader is charged inside the Codelco El Teniente copper mine, the world's largest underground copper mine, near Rancagua, Chile, November 16, 2022. REUTERS/Natalia RamosEL TENIENTE MINE, Chile, Nov 16 (Reuters) - A huge fully electric-powered 14-ton loading shovel has begun operating at Chile's century-old El Teniente copper mine, in what state miner Codelco (COBRE.UL) said on Wednesday was a first for South America. Codelco, the world's largest copper producer, said the equipment the loader and hauler, developed by Swedish manufacturer Epiroc (EPIRa.ST) is the first 100% electric machinery of its kind to operate in the region. El Teniente, located in the highlands some 76 kilometers (47 miles) southeast of Chile's capital, produced 459,817 metric tons of copper last year. Codelco plans to cut greenhouse gas emissions by 70% by 2030, as it looks to meet targets set by Chile's government in recent years.
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