China's copper anxiety and the Glencore-Xstrata delay

China's copper anxiety and the Glencore-Xstrata delay
By Shelley DuBois, writer-reporter
March 6, 2013: 12:49 PM ET

China needs copper in ways that more mature markets don't. So they are taking their time reviewing the commodities mega-merger.

http://management.fortune.cnn.com/2013/03/06/china-copper-glencore-xstrata/

Copper Mining Info

http://www.mine-engineer.com/

Copper Mining Info

Update On Copper Mining In Chile

**Update On Copper Mining In Chile**
Sunday, 11 November, 2012
By: Charles Kubach, Mine-Engineer.Com

Copper mining costs are being reported ranging from around $2/pound to a high of $3.20 per pound. As China's economy cools to a 5% growth rate, they require fewer resources, such as steel and copper, so the demand weakens, but if American and European economies ever recover, copper will again rise to the $4 per pound level. The trick is to still be in business when that happens, and keeping mines profitable and costs in line is how a mining company will do that. By utilizing process efficiencies, convincing the government to not tax and fee the industry into oblivion, and keeping mine costs in line with projected income will determine if Chile's copper thrives or moves on to another continent.

Copper Mining in Chile - Overview

http://www.mbendi.com/indy/ming/cppr/sa/cl/p0005.htm

Copper Mining in Chile - Overview

Overview

Chile is the world’s largest copper producer, producing 5 390 thousand metric tons in 2010 as opposed to 5 520 in 2009. Chile has approximately 24% of the world’s known copper reserves.

Mining Companies in Chile

http://www.mapsofworld.com/chile/economy/mining-companies.html

Mining Companies in Chile

Mining companies in Chile are important contributors to the economy and the export of copper and various other metals in their raw and processed form.
Mining Companies of Chile are thus looking to bringing down the cost and increasing profits in a phase where the prices of processed copper have almost doubled. The Chilean Mining Companies are using the latest state of the art technology and cost cutting managerial practices and to this end are employing people with newly gathered skill sets and training. This in turn gives a tremendous boost to the economy by generating employment opportunities. So in seeking more profits mining companies at Chile are actually working towards the betterment of the economy.

Chile's mining industry

http://www.economist.com/blogs/americasview/2011/11/chiles-mining-industry

Chile's mining industry
Good copper bad copper
Nov 21st 2011, 22:39 by G.L. | SUR POINT

CHILEAN business has historically been a cosy, clubby world, where deals are sealed with a handshake in social settings. However, now that the price of copper, the country's chief export, has reached record highs, Chile is getting a taste of proper corporate drama.

Chile's Mining Industry

Chile's Mining Industry

Throughout Chile’s history, mining has consistently been a leading industry in the country. The 1990s marked the beginning of a boom in Chile’s mining industry, especially in copper mining, principally due to FDI in the sector. In this time period Chile had one of the fastest growing economies in the world and mining accounted for 8.5% of the GDP and 47% of exports (source: Encyclopedia of the Nations). Thanks to continual amendments of the mining industry framework and an investor-friendly environment, the industry is still strong and profitable for investors. Moreover, the ongoing establishment of new technologies, including those aiming to take better care and advantage of Chile’s natural resources, promises the mining sector will continue to prosper in years to come.

Mining in Chile

Mining in Chile

The mining sector in Chile is one of the pillars of Chilean economy and copper exports alone stands for more than one third of government income. Most mining in Chile is concentrated to the Norte Grande region spanning most of the Atacama Desert. Mining products of Chile includes copper, gold, silver, molybdenum, iron and coal.

Chuquicamata

Chuquicamata

Chuquicamata, or "Chuqui" as it is more familiarly known, is by excavated volume the biggest open pit copper mine in the world, located in the north of Chile, just outside of Calama, 215 km northeast of Antofagasta and 1,240 km north of the capital, Santiago. The mine is owned and operated by Codelco, a Chilean state enterprise, since the Chilean nationalization of copper in the late 1960s and early 1970s. Its depth of 850 metres (2,790 ft) makes it the second deepest open-pit mine in the world (after Bingham Canyon Mine in Utah, USA).