Arica industry news

Here are some recent industry news and updates from the mining and metals sector, with a focus on Chile and the Atacama Desert:

Chilean Mining News

  1. Codelco's Andina mine reaches 50 million tons of copper production: Codelco, Chile's state-owned copper miner, announced that its Andina mine has reached 50 million tons of copper production since its opening in 1970. (Source: Mining Weekly)
  2. Antofagasta's Los Pelambres mine to increase copper production: Antofagasta, a Chilean copper miner, plans to increase copper production at its Los Pelambres mine by 10% in 2023, driven by a series of expansion projects. (Source: Reuters)
  3. Chile's copper production falls 4.5% in 2022: Chile's copper production fell 4.5% in 2022 to 5.73 million tons, due to lower output at several major mines, including Codelco's Andina and Escondida mines. (Source: Bloomberg)

Atacama Desert Mining News

  1. BHP's Spence copper mine in Chile to increase production: BHP, a global mining company, plans to increase copper production at its Spence mine in the Atacama Desert by 30% in 2023, driven by a series of expansion projects. (Source: Mining Weekly)
  2. Teck's Quebrada Blanca copper mine in Chile to increase production: Teck, a Canadian mining company, plans to increase copper production at its Quebrada Blanca mine in the Atacama Desert by 20% in 2023, driven by a series of expansion projects. (Source: Reuters)
  3. Chile's Atacama Desert to become a major lithium hub: Chile's Atacama Desert is expected to become a major lithium hub, with several new lithium mines and projects planned or underway in the region. (Source: Mining.com)

Global Mining News

  1. Gold prices rise on central banks' gold buying: Gold prices rose to a two-week high on news that central banks are buying more gold, driven by concerns over inflation and currency volatility. (Source: Bloomberg)
  2. Copper prices fall on weaker demand: Copper prices fell to a two-month low on weaker demand from top consumer China, driven by a slowdown in the country's economy. (Source: Reuters)
  3. Rio Tinto's iron ore production falls 3% in 2022: Rio Tinto, a global mining company, reported a 3% fall in iron ore production in 2022, due to lower output at its Pilbara mines in Western Australia. (Source: Mining Weekly)