Chile’s copper mining industry saw a 17% drop in its production costs in the first half of 2020, the mining ministry said, as COVID-19 affected the country. Cash costs fell from $1.45 per pound in the first six months of 2019 to $1.21 per pound of copper produced during the same period in 2020.
According to the Santiago Chamber of Commerce (CCS), CyberMonday 2020 exceeded the total transactions of its 2019 version by 60%. Sales reached $305 million, an increase of 15% compared to last year.
Chile state miner Codelco announced it would press ahead with a plan to search for lithium in its Maricunga salt flat holdings after receiving approval from local environmental regulators. Its exploration campaign will begin in April 2021 and involves a minimum duration of six months of work in the field and an estimated maximum of 10 months.
Mirasol Resources Ltd. reported initial exploration results from its 100% owned Nandi Cu project, located in the Paleocene porphyry Cu belt in northern Chile. Nandi was staked by Mirasol through its project generation programme and comprises approximately 5,000 ha of exploration claims, located 30 km northwest of BHP's Escondida Cu mine and 63 km southeast of Glencore's Lomas Bayas Cu mine.
Albemarle Corp, the world’s number one lithium producer, is moving forward with expansion projects at Kemerton in Western Australia and La Negra in Chile, both of which it expects to commission next year.