Chile

BHP and Vale face a London suit from a law firm that represents hundreds of thousands people in relation to Brazil's worst environment disaster. The firm alleges the companies tried to cheat them out of legal fees through settlements. BHP stated that it would contest the allegations and reject them "in their entirety". Vale declined comment. Pogust Goodhead will demand 1.3 billion pounds ($1.7billion) in unpaid fees from BHP, the company that represents claimants in a case against BHP relating to the collapse of the Fundao Dam in Mariana in the southeast Brazil in 2015. In the case before London's...

Chile has launched an effort to save Darwin's Frogs, tiny amphibians with leaf-like skin. The males of these amphibians carry tadpoles in pouches inside their mouths. The Climate Change and Sustainability Committee of the Chilean Government has launched an initiative to protect habitats, reproductive areas and working with private landowners. The goal of the project is to find new populations and, if feasible, increase the size of current populations. Originally thought to be one species, the frog actually consists of two species: the endangered Rhinoderma darwinii, also known as the Southern Darwin's Frog, and the Rhinoderma darwinii, or Northern Darwin's...

According to a group of scientists, the central and southern coasts of Chile, which stretch for thousands (miles) on the Pacific Ocean, are at risk of erosion, which could lead to the disappearance or 10 beaches within the next decade. In an interview conducted this month at the Renaca Beach near Vina del Mar, the director of the Coastal Observatory of Universidad Catolica said, "It's going to be very hard for these beaches in the next 10 year," Her team tracked erosion at 67 beaches and found that 86% of them are shrinking steadily -- even in spring and summer...

Multilateral bank executives stated on Tuesday that Latin American countries must address regulatory barriers, improve electric interconnection and enhance project structuring for renewable energy to attract the $200 billion investment needed annually to make the energy transformation a reality. The Economic Commission for Latin America and the Caribbean (ECLAC) organized an event in Colombia’s capital Bogota, where executives spoke. Why it's important Energy infrastructure investments in the region are below global averages. This could make it difficult for it to achieve its climate and energy targets. KEY QUOTES Felix Fernandez is the Director for Latin America and the Caribbean of...

According to documents reviewed by, two indigenous groups in northern Chile asked a local judge to suspend the state-led process of community review that was required to approve a partnership between copper miner Codelco and lithium mining company SQM. Last week, the Indigenous community of Coyo and Atacameno Association of Irrigators and Farmers of San Pedro de Atacama filed separate legal challenges with the Chilean Appeal Court in the Antofagasta Region. They accused the Chilean Economic Development Agency Corfo of failing to properly conduct a consultation process for their input regarding the partnership. This is the last condition for the...

The small mats of hair at the base of the plants help to lock in moisture in orchards in Chile, which have suffered from drought for many years. According to the Matter of Trust Chile Foundation, who makes the mats, the hair is turned into sheets or discs of compostable mulch through mechanical weaving. This reduces direct evaporation of up to 71%, and can save as much as 48% of irrigation. "Hair is interesting. "Hair is very interesting. Maria Salazar, a farmer in Taltal in the arid Antofagasta Region of Chile, said that the hair had helped her get optimum...

Researchers and growers in Chile's Atacama desert, the driest place on earth, are trying to capture moisture from fog to grow lemons and lettuces. They use a net that catches the drops. Near Chanaral, in the Atacama desert, where there are areas that have not seen rain for years, Orlando Rojas told reporters, "We grow hydroponic lettuce completely with fog water." "We've tried other crops and they didn't work, so we tended to do lettuce." Researchers at the UC Atacama Desert Center have launched a web-based mapping tool that allows anyone to see the locations of areas in the country...

Underwater forests teem with life in the icy waters off Chile's northern coast. Red and green towers of seaweed rise from the ocean floor. They provide food for wildlife and income for the locals, as well as oxygen and carbon for the planet. Scientists believe that these forests have even greater potential for sustainable food, protein and other materials, despite the fact that they are threatened due to human pollution and warming oceans. "They form a band along the coastal edge, which is essentially an armour of protection and biodiversity," said Alejandra González, a marine scientist from the University of...

Llamas and alpacas are being celebrated as the heroes of South America's high plateaus because they have adapted to harsh climates and environments, and their value is cultural, economic, and ecological. Early May, representatives from Chile, Bolivia and Ecuador met in Antofagasta, a city in northern Chile, to celebrate animals and improve management strategies. The meeting was sponsored by the U.N. Food and Agriculture Organization. Andres Gonzales, regional officer of Animal Health and Production for the FAO said that these animals were considered heroes because they thrived in harsh environments like the high plateau. They have a natural toughness that...

According to a report by UNESCO released on Friday, glaciers are disappearing more quickly than ever. The last three years saw the greatest loss of mass on record. Michael Zemp of the Switzerland-based World Glacier Monitoring Service said that the 9,000 gigatons (or a quarter of a million tons) of ice lost by glaciers since 1975 is roughly equivalent to an ice block as large as Germany and with a thickness of 25 meters. This was revealed at a Geneva press conference to announce the report. Climate change caused by fossil fuels will likely cause global temperatures to rise, accelerating...

The Patagonian Ice Dragon of Chile is a tiny, but mighty insect. It lives in frozen glaciers and feeds on algae and bacteria. It is now an endangered species due to global warming, which is accelerating the loss of glaciers. Maribet Gamboa is a researcher from Chile's UCSC University. She leads a study aimed at conserving the Patagonian dragon, and the glaciers that it lives in. The research is aimed at understanding the Patagonian Dragon and the glacier. Gamboa added that scientists had taken samples of the insect in order to determine the genes which have been adapted to the...

The Chilean government fined Italian electrical energy supplier Enel's regional system $19 million on Wednesday over prolonged power interruptions in 2024. In a statement, the federal government stated it was fining the company over four violations after heavy storms at the end of the Southern Hemisphere winter season last August caused extended power outages, in many cases lasting more than 15 days. Chile's SEC electrical regulator stated the company failed to correctly preserve its facilities, took too long to restore power, stopped working to turn over details to the federal government and did not have an appropriate system to get...

British stocks rose Wednesday, as investors considered mixed corporate results. The main indexes are poised to end a volatile, but largely positive, month. They have almost recovered from the losses caused by U.S. Trade policies. The blue-chip FTSE 100 index was up 0.1% as of 1009 GMT and is on course for its 13th consecutive session with a positive result. The midcap index, which is primarily focused on domestic companies, advanced by 0.7% to reach its sixth consecutive session of gains. Despite recovering from the steep tariffs announced in early this month, FTSE 100 is still poised to report a...

Anglo American, a global miner, reported on Thursday a 15% drop in its production of copper for the first three months of the year. However, the company left the yearly forecast unchanged. The London-listed company said that copper production dropped to 169,000 tons in the first quarter of this year. It attributed the drop in production in Chile. The copper production in 2025 is expected to range between 690,000 - 750,000 tonnes. As the world shifts to cleaner energy sources, it is expected that metals will be used more for electric vehicles and renewable facilities. Prices for industrial metals have...

The UK's benchmark FTSE 100 rose on Monday. Investors were also waiting for more clarity about U.S. president Donald Trump's proposed tariffs. The blue-chip FTSE 100 index was up 0.19%. The domestically-focused FTSE 250 index gained 0.12%. Anglo American Antofagasta Rio Tinto Glencore Fresnillo and Fresnillo are among the top gainers in the blue-chip index. They rose between 3.6% and 2.4%. The copper price in London has also risen, following the weakness of the dollar. The pan-European STOXX 600 index rose 0.4%, led by mining stocks. This week, key economic data will be released including UK inflation numbers, a budget...

Chile's major copper mines and power grids are coming back online after a major power outage that rocked this world's leading producer of red metal. Power companies are working to restore full system operation, according to authorities. A transmission line failure in the north of the country caused the power outage that struck Tuesday afternoon, plunging most of the nation into darkness. Major mines were also left without electricity, causing global metal markets to be shook. The National Electricity Coordinator of Chile (CEN), in its early morning report Wednesday, said that more than 90% of the residential consumption was restored....

Chile, the world's No. 1 copper manufacturer, will improve its output of the red metal to 5.54 million metric loads in 2034, representing a 5.6% increase from 2023, staterun copper commission Cochilco stated on Wednesday. The Latin American nation produced 23.6% of the world's. copper in 2024, Cochilco said. That amount is anticipated to. boost, with Chile's hold over the industry representing a. 27.3% share by 2034, it added. Cochilco stated it expected Chile to reach a peak production. level in 2027, mining 6.07 million lots of copper that year. From there, annual output is anticipated to change at lower....

BHP Group is likely to expand strategies next week to invest at least $7 billion over the coming years to recuperate more metal from the world's. most significant copper mine, Escondida in Chile, financiers and analysts. stated on Thursday. The world's greatest noted miner will be hosting analysts. and financiers on a roadshow of its Escondida and Spence copper. operations from Nov. 17-20. BHP did not react to an ask for. remark about the discussion. Copper is key to BHP's development plans as a necessary metal. for the global shift to cleaner energy, but its yearly. production is set to...

International miner Anglo American on Thursday published doubledigit falls in its thirdquarter copper and diamond production however preserved its 2024 guidance for the commodities. Anglo stated its copper output fell 13% in the July to September quarter, while rough diamond production decreased by 25% on cuts due to prolonged lower demand. Its De Beers diamonds system is exploring alternatives for even more output cuts in future, Anglo stated. For the first 9 months of 2024, copper output fell 4% to 575,000 tons and diamond production was down 21% at 18.9 million carats. Anglo still expects to produce 730,000-790,000 tons of...

Anglo American Plc will not be an unavoidable takeover target after its unbundles its diamond, platinum, nickel and coal properties, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring its business to primarily focus on energy transition metal copper after fending off a $49. billion takeover offer from bigger rival BHP Group in. May. Some analysts have stated Anglo's simplified portfolio could. make it a much more compelling acquisition target for suitors. drawn to its copper assets. Wanblad attended to concerns about another potential quote in a. virtual address to a mining conference in Johannesburg. I don't think...

An international mined copper shortage will continue into 2025, putting pressure on processing charges that were currently at historic lows this year due to the expansion of smelters, said Chile's staterun copper commission Cochilco in a research study on Thursday. Miners or intermediaries pay treatment and refining charges ( TC/RCs) to smelters to process copper concentrate into refined metal. Scarcities of copper concentrate this year have currently forced some Chinese smelters to cut output, and experts expect further cuts next year. Cochilco said it forecasts demand for concentrates to rise 10.5% next year as China and India improve their smelting...

Mining giant BHP's. fast repair to a recent sixday strike at its substantial Escondida. copper mine in Chile might set the tone for upcoming. settlements in other places, with workers emboldened by high copper. rates to promote a larger share of the earnings. Members of Escondida's powerful Union No. 1 signed a. sweetened offer on Sunday after walking off the job a week back. when contract talks collapsed, requiring better pay and benefits. at the world's most significant copper mine. With a preliminary handle hand currently on Friday, a union. lawyer had actually called the contract its biggest recent victory.....

BHP Group financiers welcomed the leading worldwide miner's decision to ignore a $49. billion strategy to take control of Anglo American, which. rejected three proposed deals from its larger rival over the. past 6 weeks. BHP's choice to withhold a binding quote came after Anglo. stated it would not approve the Australia-headquartered mining group. an additional extension to settle details of an offer that called. for Anglo to initially spin off its South African assets. The advancements ended a tense standoff between the two. worldwide mining giants and negotiations in which shareholders. warned BHP not to pay excessive to secure...

BHP's. deal with to add more copper to its portfolio will be evaluated by. Anglo American investors' demands for a simpler deal. for the whole business or a money sweetener to clinch a deal that. could become the greatest in mining history. Anglo on Wednesday provided BHP, the world's greatest noted. miner, extra time to present a binding deal, after. turning down three takeover proposals which it stated undervalued the. business and would be tough to execute. The one-week window offers BHP another shot at beating. Anglo CEO Duncan Wanblad's restructuring plan by convincing. those concerned about the worth and...