Chile prayed
11-11-2010 golden marketActuality, news, and clippings of press on the mining and the golden market in Chile.
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10-11-2010 the Confidential one
Chile - The hypocrisy of Piñera and the lies of the rescue of the Chilean miners
THE LEGISLATION IS ONE CENTURY AGO AND IT HAS REMAINED OBSOLETE
It calls me my Chilean friend. It is angered and pierces me: do you think to say something about the mine San Jose?
Now almost we all are proud of the rescue of the miners.
But many people have not realized that there has been fixing and hypocrisy.
First of all, the accident that made 32 Chilean caught miners and it went to the Bolivian one for negligence. And the most direct persons in charge are the politicians, between them the proper president Piñera. Because the Chilean mining legislation has a century of antiquity and scarcely it has been updated. And when it tried to be done in order to increase the safety in the mines, senator Piñera of that time, between others, it was opposed. Confusing the free market with the law of the forest. And favoring the absence of ethics and honesty of some businessmen. Forgetting that the best technology that we can contribute the Chileans is an efficient and sure management of the mines.
Namely education, formation, culture and campaign to raise public awareness to prepare labor risks.
In what it goes of year 2010, 33 miners have died in Chile. Nobody remembers them.
05-11-2010 SwissInfo
Chile - The mining work has always been very precarious
Wolfgang Staub gathered and translated the publications that the famous geologist and explorer Swiss Arnold Heim did during his trip for the Chilean Patagonia, 70 years ago. The result is a book rewarded by the Chilean Government that appeared in the International Fair of the Book of Santiago.
The book “Arnold Heim, a Swiss geologist in the basin of the Lake Good Airs / generals Career” gathers and translates these testimonies accompanied by photos that, 70 years later, Wolfgang reproduced as comparison.
“There were many scientists and geologists who came to the region with the target to cover it and to explore it. Regrettably, any of these testimonies - very valuable - were never translated into Spanish”, he tells, like the publications of the Swiss geologist Arnold Heim (1882-1965).
“He did descriptions you detail of the local geology, without leaving aside the existing scenic beauties, the fauna and flora and the inhabitants of that one then, with his customs and forms of life”, mentions Staub.
See also:
04-11-2010: A Swiss seduced by the Patagonia
27-10-2010: After the rescue … Swiss tourists in a Chilean mine
14-10-2010 RTVE
Chile - Finishes successfully the rescue of 33 Chilean miners
A rescue for the history.
33 miners and six rescatadores have gone out of the mine of Chile.
He revises all the videos and all the images.
04-08-2010 PM
Chile would treble his golden production in the next 5 years
Chile will invest 8.620 million USD for the development of auriferous initiatives between this year 2010 and 2015, thinking about how to increase his production, of 40,8 tons in 2009, to about 120 tons per year, as indicated the Chilean Commission of the Copper (Cochilco). Most of the increases will come of the beginning of operations in Easter Lick (3.000 million USD), belonging to Barrick; Hill Casale (4.200 million USD), it combines between Barrick and Kinross Gold; and, The Knob (2.500 million USD), I plan to risk shared between Goldcorp and Newgold.
The low prices of the metal in the period 2000 to 2005, which 326 USD divided equally for ounce, involved the closing of several operations and debts in the project development, generating a fall of 24,5 % in the production of the country, of 54,1 tons in 2000, which was the biggest annual production from 1990 as Cochilco, to 40,8 tons in 2009, with an annual average in the period 2000 to 2009 of 40,5t/a.
But in the last years the prices situation changed radically.
The price of the gold went off after the ounce spent of 900 USD the ounce at the end of 2008 to 1.150 USD in the last weeks.
This change has stimulated the investments in golden mining in the whole world.
During the last decade many companies of the medium mining diminished his production of important form or closed, as a result of the fall of the price of the gold.
Gustavo Lagos, academician of the Center of Mining of the Catholic University of Chile, supported that the fall of last decade revertirá in the next years: "at present we are not an excellent actor in the industry of the gold, but with the development of the projects Easter should Lick and Hill Casale we will happen to be part of the elite on a global scale”, indicated.
At present, Chile is the 17th world golden producer and one hopes that, with the millionaire investment, it should reach the position that occupies today Indonesia, in the 7th place with 121 tons per year (MPA).
01-03-2010 Poder360
Chile - Yamana Gold discovers system of high grade of gold in Chilean mine
The Canadian Yamana Gold has communicated the find of a system of high grade in his gold-mine The Craggy rock in Chile.
The Craggy rock, located in the north of Chile, is one of the biggest operative mines of Yamana. The company hopes to overcome a production of between 400.000 and 420.000 equivalent golden ounces for 2010; in the first trimester the production will be minor to that of the last trimester of 2009 but major than that of equal period of the previous year.
The company said that it was investigating several strategies to optimize the operations and the production in The Craggy rock, with the target to reach an annual production sustentable of at least 450.000-500.000 equivalent ounces of gold in 2012.
In this sense, he is evaluating to increase the production capacity of his plant and additional sources of mineral to feed the facilities.
26-02-2010
Chile - Codistributor sells 66 % of the Inca mine of Gold to the Australian PanAust Limited
The Corporation of the Copper (Codistributor) of Chile accepted an offer of the Australian PanAust Limited to sell to him 66 % of the property of the Inca mine of Gold, in 45 million dollars. Golden Inca is a deposit of copper and gold placed in the northern region of Atacama, to approximately 900 kilometers of Santiago, and the operation, after being approved by the Codistributor directory, she must be endorsed by the president of the Republic.
The previous thing, in the frame of a norm that allows to the principal world copper producer to collaborate with third for the development of mining projects. The association with PanAust will allow, according to the Chilean company, to promote the development of golden Inca, who at present finds under a prepracticality study for his development to rajo open sea, which would be finished within a period of between 12 and 18 months.
The available information till now allows to project an annual production of approximately 50.000 tons of thin copper and of 40.000 golden ounces, for 10 years.
With the approval of the offer of the Australian it reaches a process initiated in 2008, when Codistributor called to an international tender, which turned out to be simple-minded because of the global financial crisis.
Golden Inca is placed to 105 kilometers to the north of Copiapó, the regional capital of Atacama and contains resources of sulfides calculated in 250 million tons, with a law of mineral of 0,46 % of copper and presence of gold, silver and molybdenum.
19-02-2010
Chile - Barrick Gold increases his participation in Hill Casale to 75 %
The Canadian mine-layer Barrick Gold will increase up to 75 % his participation in the property of the auriferous project Hill Casale, the biggest mining project deprived of Chile, with a due investment near to 4.200 million dollars. Barrick Gold, which at present possesses 50 % of the project, agreed the acquisition of a part of the property that Canadian Kinross Gold Corporation belongs to also, for 475 million dollars.
Hill Casale, located in the northern region of Atacama, will turn into the biggest mining project deprived of Chile in investment terms, continued by the initiatory Phase V of Hidden Mine-layer, with 3.250 million dollars.
The mine will produce between 750.000 and 825.000 annual ounces of gold and between 170 and 190 million pounds sterling of copper during each of the first 5 years of operation.
18-01-2010 EP
Chile - Bachelet invites Piñera to the Summit of Rio in Mexico to present him to the regional leaders
The projecting president in Chile, Michelle Bachelet, invited the elect president, Sebastián Piñera, to the summit of the Group of Rio that will be celebrated on February 21 in Mexico with the target to present him to the rest of regional leaders. Chile will relieve Mexico like president of shift of the Group of Rio, which it assembles to 42 Latin-American countries and of the Carib, in the above mentioned summit precisely. Bachelet: "I have invited Sebastián Piñera so that I accompany myself to one of the most important international tours, which is the Summit of Rio, where it would have the possibility of intereactuar and to be presented to the set of the chiefs of the region who take part there.”
18-01-2010
Chile - Coalition for the Change
Web site of “Coalition for the Change” Chile.
18-01-2010
Chile - Piñera 2010
Web site of Sebastián Piñera 2010.
18-01-2010
The First Chile
Web site of the First Chile.
18-01-2010 intereconomy
Chile - The right wins
The conservative candidate Sebastián Piñera set on himself this Sunday on his opponent of left Eduardo Frei in the second return of the presidential elections.
18-01-2010 the World
Chile - Piñera, along with Frei: "Our country needs today more than never unit”
“I want to receive and re-live through what was the democracy of the agreements through that he had us to live and interpret together when we were senators”, said Piñera on having remembered the period in which both coincided with the Congress, at the beginning of the 90s, after the end of the dictatorship of Augusto Pinochet (1973-1990).
17-01-2010 LD
Chile - Coalition for the Change - Piñera takes to the Chilean presidency to the right 50 years later
Sebastián Piñera has gained the presidential elections in Chile. The right returns this way to the power after four terms of the Agreement, the party of Bachelet. The candidate of lefts, Eduardo Frei, he has admitted the defeat.
The candidate of the “Coalition for the Change” gained the Chilean elections with an inventory of 60,32 % of the votes. The opposing applicant adds 51,87 % of the suffrages, while the candidate oficialista of the Agreement, Eduardo Frei, achieves 48,12 %.
17-01-2010 LD
Democracy in Chile
Chile is, today, a developed economy. It is easy to sum the reasons up: in the report of 1975 of Libertad Económica of the institutes Cato and Fraser 71 of 72 countries was filling the vacancy, and in the last report it is already the 5th freest economy of the world.
07-01-2010 Goldcorp
Chile - Goldcorp acquires 70 % of Xstrata
The Canadian Goldcorp Inc will pay 513 million dollars for the buy of 70 % of the participation of the mining giant Xstrata in the golden project and copper The Knob in Chile, frustrating the plans of Barrick Gold of acquiring it. Goldcorp will buy the participation across an agreement with New Gold Inc, associate of Xstrata in the project. In October, 2009, Xstrata agreed to sell his participation in The Knob to the Canadian Barrick, the biggest world mine-layer of gold, for 465 million dollars, but New Gold, another mine-layer of Canada, had the first preference and could offer until January, 2010. New Gold, across a daughter company, will exercise his contractual rights and The Knob of Xstrata Copper will acquire the interest of 70 % in the project Chile. Goldcorp will move forward 463 million dollars to New Gold to finance the buy. After the acquisition of the participation on the part of the daughter company of New Gold, Goldcorp will acquire this daughter company. Goldcorp, with head office in Vancouver, will pay to New Gold 50 million dollars in cash in the closing of the acquisition of the daughter company. Goldcorp also has agreed to amend certain terms of the shareholders' agreement of The Knob, with regard to the obligations of capital financing of New Gold. After the closing of the dealing, Goldcorp will have 70 % of The Knob and New Gold, 30 %. The Knob, a copper - gold project in stage advanced and located in the area centronorte of Chile, contains proven and probable reservations of 6.7 million golden ounces and 5.7 million pounds sterling of copper.
06-01-2010 Canal-Cl
FXCM Chile throws to the national market system of handling of currencies online
Cardinal Forex Markets (FXCM), one of the brokers of bigger currencies of the world, spear in Chile, across his operations platform, the contracts for differences or CFD's, which allow to operate commodities like Gold, Silver and Oil, along with the most important stock-exchange indexes of the world; Dow Jones, S&P 500, NASDAQ, FTSE of England, the German DAX, the IBEX of Spain, the CAC 40 of France and the NIKKEI of Japan, between others.
17-12-2009 five Days
Chile becomes major in the OCDE
The formal invitation that received on Tuesday Chile to join like member of right plenary meeting the club of the 30 most developed countries of the world supposes a recognition to his economic management and reforms carried out for 3 decades with independence of his political process, and says little, simultaneously, about an organization as the OCDE that is turning out to be exceeded by the rapidity of the structural changes to planetary scale. When the organization opened the negotiations for his incorporation two years ago, in May, 2007, the South American country had already gained itself in abundance his right to belong to the club. Only 30 months they have been enough to him to fulfill 10 recommendations imposed by the OCDE for his revenue, between which it was finding the progress of his economic statistics, the exchange of tributary information and the protection of the rights of the consumers. The control of the taxation authority, they include the debt and the deficit, there have allowed to Chile to be the stablest country of Latin America in the last 20 years, overcoming even the ratios of Mexico, till now the only Latin-American member of the OCDE.
14-12-2009 strategy
Chile will be Top 10 in Business of the Gold - Con Inversiones for US$9.000 Mills.
Chile meets between the countries more golden reservations, despite it today only there is in the place 16 of the producers' ranking of the metal and 5th in South America. But this situation might change with the starting of the megaprojects Easter Lick and Hill Casale, since with the production that both would contribute, our country would be ready to be part of the top have of the gold on a global scale. And in this they receive real importance both the new projects, and the tendency to the rise of the prices, which at present are in record levels. Cochilco and Sernageomin estimate an investment in primary production of gold of US$3.824 million, while the number for secondary production reaches the US$4.906 million, with what they would be totalized US$8.730 million the year 2012.
14-12-2009 PM
Chile - They Finish study of practicality of auriferous project Hill Casale
The production of Hill Casale - whose reservations reach the 23 millions of golden ounces more 6.000 million pounds sterling of copper - might reach 800.000 annual ounces of gold and 220 million pounds sterling of copper.
Barrick Gold, associated with the Canadian company Kinross Gold Corp, they announced the ending of the study of practicality of the auriferous project “Hill Casale”, which they developed it from April, 2009. This way it is recorded in the project portfolio of Mining Portal. This initiative might initiate his construction next years, with an investment of US$ 3649 millions to extract gold and copper. The project is located in the Third Region and 145 km to the southeast of the city of Copiapó. Barrick also hopes to formalize in next January, the buy of the deposit of copper and gold The Knob - in US$ 465 millions - to the Swiss group Xstrata Copper Plc. Barrick and Kinross are investing, at least, US$ 50 millions in 2010 in works of support and to advance in the initiative. In April of this year, the Regional Commission of Environment (Conama) of the Region of Atacama gave his approval for the development of an extensive program of exploration in Hill Casale, in which 9 millions would be invested more of US$.
01-12-2009 Yamana
Chile - Yamana Gold buys 100 % of The Craggy rock
After 10 years exploiting the gold-mine and silver The Craggy rock, located to 160 km from Antofagasta, the constructor Gardilcic penetrated the totality of his operations to the Canadian Yamana Gold, current proprietress of the deposit. The buy of this business unit corresponds to a strategic decision adopted as the multinational, which historically he has bet for having the entire control of all his operations. The transfer of the task will be realized on January 5, 2010.
The Craggy rock produces more than 400.000 golden ounces.
10-11-2009 Cochilco
Chile - golden Production in Chile will be trebled until 2015
At present, the extraction of the metal in national soil comes to 39,2 metric tons - of a 2.416 tons world whole - volume that might up to be trebling during the next 5 years. According to a study realized recently by the Chilean Commission of the Copper (Cochilco), the entire production of the precious metal in Chile will come to 103 TM in 2015, considering an increase per year of 14,7 %. Of course, in the report one omits to do projections for the projects The Volcano, of Andean Minerals, with reservations proved 205,3 TM, and Wolf Mars, of Kinross, with 185 TM in reservations, because both initiatives are still in polls periods and they would be operative newly in 2012. Once the potential of both deposits is known, the entire number might be elevated beyond 110 annual TM. The minister of Mining, Santiago González, says that “of the investment projects materialize, Chile would stay between 10 countries with more production in the world; enclosed we might stay between the 7 first ones”.
29-10-2009 BGC
Chile - Barrick Gold estimates 750.000 and 800.000 annual golden ounces in Easter - mud
Barrick Gold has begun recently the construction of Easter - mud, an auriferous project Chilean - Argentinian placed in the Mountain range of The Andes and in whom approximately 3.000 million dollars will be invested. The company thinks that this mine will produce annually between 750.000 and 800.000 golden ounces and 35 million silver ounces in his first 5 years of operations, which hope to begin during the first trimester of 2013.
01-10-2009 today
Kinross strengthens presence in Chile
The Canadian mining company Kinross, with the target to extend his operations in Latin America, he has announced the investment of approximately 1.000 million dollars in Chile for the development of the auriferous projects of Maricunga and Wolf - Mars, located in the region of Atacama, in the north of this country. The president of Kinross Chile, Julio Bimbignac, mentioned that the first step to begin the investments will be to present for evaluation the studies of environmental impact of the projects. The Maricunga enlargement implies an investment for 350 million dollars and the Wolf - Mars development, one of 650 million dollars. The Canadian also has in the same country the mine The Coipa and, in projection and development, the project Hill Casale. With the new investments planned by Kinross, a portfolio of at least 8.000 handles only in the area of Atacama millions of dollars.
20-07-2009 strategy
Chile - The Leading role in the fever of the gold that comes
With the entry in operations of the Chilean-Argentine mine-layer Easter Mud - property of Barrick Gold - estimated for ends of 2012 or beginning of 2013, and of Hill Casale, controlled in 51 % for Barrick Gold Corp., and 49 % remainder for the Canadian Kinross. Once these projects are diet they have the potential of generating production of gold equivalent to the double of the current one, what would lead to Chile to going on from approximately 40 tons to more than 100 tons in 2013, raising from the position 16 in the world ranking to the eighth one.
19-02-2009 Reuters
Chile - Yamana would produce 120.000 ounces I pray in Chilean mine
The Canadian Yamana Gold hopes to produce approximately 120.000 golden ounces in 2009 in his mining Florida located in the central area of Chile, said on Thursday executives of the company. Yamana Gold assured as well as he hopes that Florida should produce this year approximately 400.000 silver ounces and 6.000 tons of zinc.
21-11-2008 Kinross
Chile - Kinross Gold acquires the totality of the golden project Wolf - Mars
The Canadian mine-layer Kinross Gold has come to an agreement with Teck and Anglo American to acquire the totality of the auriferous project Wolf - Mars, in III Region of Chile, for 250 million US dollars, more a privilege. According to Kinross, Wolf - Mars has 97,7Mt with 1,72g/t of gold or 5,4Moz in stated resources and 9,25Mt with 1,56g/t of gold or 500.000oz in the category of inferred resources. “This acquisition fits perfectly in our strategy of increasing the presence of Kinross in the principal regions where it operates. Also, he adds another interesting deposit to our development portfolio and offers access to 30.000ha additional to explore in a district that it has very much potential and where the mining is favored”, dijó the general manager of Kinross, Tye Burt.
19-11-2008 Antofagasta
Chile - Antofagasta Minerals checks project costs
The Chilean mining group Antofagasta Minerals said Tuesday that will check the costs associated with the development of his projects inside and out of the country. The construction of the mine Has hope, it would enter production at the end of 2010, it will go forward, as the expansion of the mine The Hairs. Antofagasta constructs at present the mine Has hope, in the north of Chile and advances in the study of practicality of the project of copper and gold Reko Diq in Pakistan, in society with Barrick Gold.
11-11-2008 Dayton
Chile - environmental Authorization in Andacollo for Dayton until 2011
Until the year 2011 there will extend the auriferous extractive activities of the Mining Company Dayton, in the Andacollo commune, then that this Monday the Regional Commission of the Environment (Corow) of the Region of Coquimbo will approve the study of environmental impact of the project Modification Mining Plan 2007-2010. The project thinks that to exploit a new one I crush named The Praises, approximately to 13 kilometers to the North-East of the current task. Simultaneously, the lixiviación area will be extended, what will allow to extend the useful life of the mine. The total of the investment reaches three million 500 thousand dollars. The company explicitó that will not initiate the development of the rajo The Praises until asphalting is the stretches of the called “Route of the Gold of Andacollo” that will be used for the transport of the mineral.
31-10-2008 Coeur
Chile - American Mine-layer closes temporarily the mine Bay Hill
The American company Coeur D'Alene Mine Corp he has communicated that has suspended temporarily his operations in the mine Bay Hill, in the south of Chile, and despidido to 60 % of his personnel in Santiago. The company is one of the more important mining companies of silver and gold of the world and it possesses companies and mining properties in the USA, Australia, Tanzania and Latin America, especially in Argentina, Chile, Bolivia and Mexico. Also, the report of the company indicated that the production in the third trimester of 2008 was 3,1 million golden ounces.
23-10-2008 BHP Billiton
Chile - golden Production of BHP low Billiton 8803oz
BHP Billiton announced that the production of gold attributable to the Hidden mine fell down to 14.391oz opposite to 23.194oz of last year. The attributable silver of the mine added up 668.000oz in the period opposite to 1,12Moz in equal comparison. The silver production of BHP Billiton contracted 7 % to 10,3Moz in the interannual comparison, being also the prime mover the minor production of Hidden, added to the decrease of the laws in the Peruvian mine Antamina, which the company possesses in 33,8 %.
04-10-2008 PrecioOro
Chile - Investments for 21.600 million dollars in golden mining
The Chilean Commission of the Copper (Cochilco), he foresees investments concerning 21.600 million dollars in the mining of the gold and of the copper, in the period 2008-2012, according to a report of the announced state organism.
30-09-2008 PrecioOro
Chile - mining Production falls down 3,8 % in August
The mining production of Chile diminished 3,8 % last August, 2008 compared to the same month of 2007.
04-07-2008 PrecioOro
Chile - golden Inca needs associate for golden deposit
The state Corporation of the Copper (Codistributor) of Chile approved today to initiate the search of a strategic associate to carry out the project of the Inca deposit of Gold, which will be carried out across an international tender.
