Chile

Authorities said that a'strong earthquake' struck Chile’s mining region?Antofagasta?on Monday afternoon, disrupting operations at?some mines, but ultimately saving lives and critical infrastructure. Major miners have reported minimal damage from the magnitude 6.9 quake that struck the heart of the largest copper producing country in the world. The U.S. Geological Survey measured the depth of the earthquake at 109 kilometers (68 miles). A spokesperson for Chilean copper miner Codelco said that some activities were halted due to a?lack of visibility or disruption of electricity in certain?areas. BHP and Antofagasta, both mining companies, said that their operations were not affected by earthquake....

Patricio Hernández lives in the north of Chile's capital, Santiago. He and his neighbors fear that a massive Amazon data center could destroy their area. He said that the hill was very important for the community. It is a green area, a place to relax and for community. He and other local residents attempted to block the construction of the data center. They argued that the permit failed to take into consideration the possibility of building a high voltage power line, which they claimed would be needed to supply the site. They lost their case. Early April, environmental authorities ruled...

Scientists predict that extreme heat and wildfires will rage through the Southern Hemisphere in 2026. After three years of record-breaking temperatures, scientists expect even more extreme weather conditions and perhaps another global annual record. In January, Australia was engulfed in a heat dome that set a new record, with temperatures reaching 50 degrees C. (122 degrees F). Meanwhile, heat and wildfires ravaged parts of South America. Remote parts of Argentina's Patagonia were set ablaze, and 21 people died?in coastal communities in Chile. South Africa is also experiencing the worst wildfires it has seen in years. Extremes continue to occur even...

The fires that raged near Concepcion, a city in southern Chile, were putting out by Wednesday morning. Cloudy skies and humid air brought cooler temperatures to coastal areas after extreme heat for days. The smoke plumes lingered and it was expected that the death toll would rise, as the police and state coroner continued to search for bodies inside apartment blocks damaged by fire. Residents began to clear debris and rebuild with the help of neighbors and volunteers. Carlos Lopez, city councillor of nearby Cobquecura gathered money, nails and wood as well as cement and other construction materials. With the...

Authorities in Chile said that at least 19 people have died as a result of wildfires. The government has carried out?mass-evacuations and is fighting nearly two dozen fires, which are exacerbated by high winds and intense heat. Luis Cordero said, "At a Monday morning news briefing, while the weather conditions over night helped to control some fires but the largest ones were still active and adverse conditions are expected all day." Cordero stated that the forecast for today was?high temperatures, and that the main concern was the possibility of new fires erupting?all over the region. Extreme heat warnings were issued...

Early on Sunday, Chilean President Gabriel Boric declared a state of catastrophe in two areas in the southern part of the country as wildfires forced?least?20,000 people from their homes and killed at least 16 others. CONAF, the Chilean forestry agency, reported that 24 fires were active in Chile as of Sunday morning. The largest of these was located in Nuble?and Bio Bio regions, where the government had declared an emergency. These regions are located about 500 km south of Santiago, the capital. "I have declared a catastrophe in Nuble and Biobio due to the ongoing serious wildfires." Boric stated on...

As wildfires raged in the southern part of the country, the Chilean president Gabriel Boric declared a catastrophe early on Sunday. At least 20,000 people were forced to flee. CONAF, the Chilean forestry agency reports that 24 fires are active in Chile as of Sunday morning. The largest of these is located in Nuble?and Bio Bio where the government has declared an emergency. These regions are located?about 500km south of Santiago. "As a result of the'serious and ongoing wildfires in Nuble and Biobio, I have declared a catastrophe for the two?regions. Boric stated on a X post that "all resources...

Chile is creating a national park to protect unique ecosystems and endangered wildlife at the very edge of the map. The proposed?Cape Froward National Park would cover approximately 150,000 hectares of forest, peatlands and glaciers, as well as coastlines facing the Strait of Magellan. Benjamin Caceres is the wildlife coordinator for Rewilding Chile. He said that humans must regulate their activities, including tourism and industry, to protect fragile ecosystems. "These are resilient places that create refuges for endangered species and maintain balance." Rewilding?Chile is a foundation founded by Douglas Tompkins who was a philanthropist, and the founder of North?Face, an...

Authorities said that five tourists died in a powerful storm in Chile's Torres del Paine National Park in the southern region Patagonia. They also reported that four other tourists who had gone missing were found alive. Jose Antonio Ruiz said that talks have begun with representatives of the victims' home countries to repatriate their bodies. Authorities said that two Germans, one Briton, and two Mexicans were killed. They added that the weather conditions made it difficult to recover bodies. In a social media message sent to the families of victims, President Gabriel Boric expressed his deepest condolences. Know that Chilean...

Media reports said that rescue workers searched on Tuesday for a group who had gone missing during a powerful storm in Torres del Paine National Park in Chile, located in southern Patagonia. The storm killed at least 2 Mexicans. According to T13, one of the victims died after she was evacuated. Guillermo Ruiz is the delegate of the president for Chile's southern Ultima Esperanza Province. He told T13 the first responders are still searching for seven people but bad weather has complicated the search. The tourists are lost in the Los Perros camp of the national park, Ruiz stated. It...

Scientists in Chile warned that the population of Humboldt Penguins, which is one of only a few species to live on rocky coastlines in temperate areas, was at risk of further decline after the species was declared endangered. Scientists at the Universidad de Concepcion estimate the number of Humboldt Penguins in Chile has dropped from 45,000 to fewer that 20,000 since the late 1990s. The species is considered vulnerable by international organizations, which prohibits commercial trade. But late last month Chile’s Environment Ministry reclassified it as “endangered.” Biologists are concerned that the numbers of seabirds will continue to decrease. The...

Brazil hosted world leaders on Thursday for a summit ahead of the COP30 Climate Conference in the rainforest city Belem. Leaders have made some interesting comments. U.N. SECRETAIRE-GENERAL ANTONIO GUTERRES We can either choose to lead or we can be led into ruin. "Too many companies are making record profits by destroying the climate, while spending billions on lobbying and deceiving public opinion and obstructing advancement. And too many leaders continue to be captive to these entrenched interest." BRAZILIAN PRESIDENT LUIZ INACIO LULA DA SILVA We need a road map to plan an equitable way to undo the deforestation and...

Anglo American, a global miner, announced on Thursday a 10% decline in its?copper output last year, to 695,000 tons. This is the lower end of their guidance. They also cut their 2026 forecast for?the transitional metal. The London-listed company now expects copper production in 2026 to range between 700,000- 760,000 tons. This is down from the previous forecast of 760,000-820,000 tonnes, due partly to lower production at its Chilean mine, Collahuasi. Anglo expects to record charges of around $200 million for the second half 2025 in relation to "rehabilitation provisions" at its Chile copper operation. The London-listed company announced in...

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...