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Chile — news, coverage & facts — IJR

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Antofagasta Los Pelambres resumes operations after weather disruption
Antofagasta’s Los Pelambres copper mine in Chile has resumed operations after a weather-driven shutdown with no safety incidents or material damage reported, and the site’s water management systems including the El Mauro tailings dam functioned as intended. The company kept its full-year copper production guidance unchanged and is continuing community support efforts in Choapa Province as operations ramp back up.
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Austral Gold reports Guanaco 14-year plan, $192.1M NPV
Austral Gold released a new NI 43-101 technical report for its Guanaco mine in Chile, extending the mine life to 14 years and validating substantial reserves and resources using existing processing infrastructure. The project shows an after-tax NPV of US$192.1 million at a 10% discount with all-in sustaining costs of US$2,114 per ounce of gold equivalent, supported by modest capex and typical recoveries for the operation.

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Chile, officially the Republic of Chile, is a country located in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes Mountains and the Pacific Ocean. With an area of and a population of 17.5 million as of 2017, Chile shares borders with Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage to the south. The country also controls several Pacific islands, including Juan Fernández, Isla Salas y Gómez, Desventuradas, and Easter Island, and claims about of Antarctica as the Chilean Antarctic Territory. The capital and largest city of Chile is Santiago, and the national language is Spanish.

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