Mining: The week in 10 stories

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Friday, October 12, 2018

Bolivia

Operations started at the US$188mn Uyuni potassium chloride plant, built by China's CAMC Engineering.

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Brazil

The country exported 2.47Mt of semi-manufactured iron and steel products to the US through Q3, up from 1.82Mt a year earlier. Export earnings jumped 81.1% to US$1.38bn.

Steel mill Companhia Siderúrgica do Pecém (CSP) exported 1.59Mt of slabs through Q3, down from 1.86Mt a year ago, while its export revenue rose 17% to US$840mn.

Chile

State copper producer Codelco plans a US$1bn bond sale to help finance a program to extend the life of the company's operations including its Chuquicamata and El Teniente mines.

Copper export revenue fell 17% to US$2.8bn in September due to lower prices, as mining exports dropped 12.7% to US$3bn.

Guatemala

Canadian miner Tahoe Resources said Guatemala's constitutional court responded to requested clarifications about a final resolution for the mining license of the company's Escobal silver asset. The move clears the way for a one-month consultation process with local indigenous communities aimed at reopening the mine, closed since last year.

Mexico

Fortuna Silver Mines reported a sediment spill at its San José mine in Oaxaca, following heavy rains at the operation's 7,000m3 dry stack contingency pond. The company said it is increasing its pumping capacity at the contingency pond.

Peru

Peruvian metals export revenue dropped 9.5% to US$2.20bn in August, led by US$1.18bn in copper exports, according to the central bank.

The board of creditors of bankrupt US firm Doe Run Perú set November 20 as a fresh date to receive bids for the La Oroya zinc-lead smelter and Cobriza copper mining unit.

National copper output slid 1% to 207,161t in August, according to the energy and mines ministry (MEM).