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Michilla Data

Related News

  • Riverside Samples Up to 1.47% Copper at the Thor Porphyry Copper Project, Sonora, Mexico and Begins Next Stage of Exploration 2016-09-20

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 20, 2016) - Riverside Resources Inc. ("Riverside" or the "Company") (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to provide an exploration update for ongoing work at the Thor Project (the "Project") in Sonora, Mexico. Thor was staked by Riverside as part of the Company's copper porphyry exploration alliance (the "Alliance") with a wholly owned subsidiary of Antofagasta Plc. ("Antofagasta"). The Thor Project is being advanced as a Designated Project ("DP"), with Antofagasta having the opportunity to earn a 65% interest by funding $5,000,000 in exploration over four (4) years (see Riverside's press release April 13, 2015). Riverside has received mineral title and signed access agreements. Company geologists, working in close collaboration with Antofagasta geologists, have completed initial detailed field mapping, prospecting and rock chip sampling. Results to-date are promising and have resulted in drill targets being defined, with initial drill testing now planned. This most recent phase of exploration was designed to work up target areas on the southern portion of the property.

  • Years-long copper glut can still flush out deals for Antofagasta 2016-09-16
    As metals from silver to zinc rally, copper is stuck in a glut that will probably last another two or three years, and that may flush out bargains, according to Antofagasta. Until now, the copper miner controlled by Chile’s wealthiest family hasn’t seen opportunities that are attractive enough coming to market as producers cut costs and hold on for a recovery in prices, CEO Ivan Arriagada said in an interview in Buenos Aires Wednesday.
  • Chile's Antofagasta reaches output capacity at Antucoya copper mine 2016-09-06
    London-listed Antofagasta's Antucoya copper mine reached its full monthly production capacity of 7 000 t of copper in August, chief executive Ivan Arriagada said at a mining conference on Tuesday. "I'm happy to announce that in August it (the Antucoya mine) reached its nominal monthly production capacity," said Arriagada.
  • Chile Antofagasta's CEO sees 2017 capex of $800m 2016-09-06
    Chile-based Antofagasta will see about $800-million in capital expenditures in 2017, the chief executive of the London-listed copper miner told journalists on the sidelines of a mining conference on Tuesday. Antofagasta CEO Ivan Arriagada added that the company has already achieved about 75% of the $160-million in savings it had planned for this year, adding that the 2017 costs savings target will likely to be in line with this year's target.
  • Antofagasta begins approval process for Los Pelambres mine investment 2016-05-02
    SAntofogasta Minerals, the Chilean subsidiary of Antofagasta, said on Monday that it was submitting a $1.1-billion investment plan at its Los Pelambres mine to environmental regulators for approval. In a press release, the company said the project would allow Los Pelambres to maintain its annual copper production at about 400 000 t.

Michilla Information

  • General 2015-05-10
    Michilla is a sulphide and oxide deposit located in Chile's Antofagasta Region, 1,500 km north of Santiago. It produces copper cathodes using a heapleach and solvent-extraction electro-winning process. Michilla has approved an extension of its mine plan through to 2012 with expected production of 40,000 tonnes in 2010. A pre-feasibility study is under way, analysing how best to develop Los Pelambres very large resource base, which could potentially support a major increase beyond current processing levels.

Nearby Locations

Nearby Location News

  • Chile regulator approves $19m environment plan at KGHM copper mine 2016-09-27
    Chile's environmental regulator said on Tuesday it has approved a $19.1-million mitigation plan presented by KGHM's Sierra Gorda copper mine, after it found nine infractions at the operation. In March, the SMA environmental regulator pressed charges against Sierra Gorda, saying the copper mine could be fined up to $29-million and have its license revoked, for committing seven "serious" and two "mild" environmental infractions.
  • Chile's Antofagasta reaches output capacity at Antucoya copper mine 2016-09-06
    London-listed Antofagasta's Antucoya copper mine reached its full monthly production capacity of 7 000 t of copper in August, chief executive Ivan Arriagada said at a mining conference on Tuesday. "I'm happy to announce that in August it (the Antucoya mine) reached its nominal monthly production capacity," said Arriagada.
  • Chile’s Antofagasta hopes to boost 2016 copper output by at least 12.6% 2016-01-27
    On the back of an “undeniably difficult 2015” resulting in a 10.6% year-on-year drop in total copper production, Chilean miner Antofagasta hopes to boost its 2016 copper production by between 12.6% and 17.4%. The miner said in a statement on Wednesday that it hoped to benefit from a full year of production at Zaldívar mine – a 50% joint venture with Barrick Gold, which it bought into last year – as well as growth at its Antucoya and Centinela operations.
  • Workers at BHP Billiton's Spence mine in Chile agree to three-year contract 2015-12-10
    Unionised workers at BHP Billiton's Spence copper mine, in Chile, agreed to a new three-year contract proposed by the global miner on Thursday. In addition to a salary increase and other benefits, each of the 848 workers under the new contract will receive a one-time payment of two-million Chilean pesos ($2 843) for accepting the deal.
  • Yuby-Gabriela Copper Property Returned to Savant 2015-11-30

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 30, 2015) - Savant Explorations Ltd. (TSX VENTURE:SVT) ("Savant") has received notice from Quantum Pacific Exploration of its intent to terminate the option agreement on Savant's wholly-owned Yuby-Gabriela copper porphyry property in Chile. With termination of the option, Savant retains a 100% ownership interest in the property. Savant will now undertake a detailed review of the property data to determine the best way to advance the project.

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