UPDATE 1-Heavy rains in northern Chile hit major copper operations

By Kitco News / June 07, 2017 / www.kitco.com / Article Link

(New throughout, adds Escondida and Sierra Gorda, emergency services)

By Fabian Cambero

SANTIAGO, June 7 (Reuters) - Mines in northern Chile have suspended key operations after heavy rains lashed the high altitude desert region of Antofagasta overnight and into Wednesday, companies told Reuters.

BHP Billiton'sEscondida, the world's biggest copper mine, said it was snowing and all operations had been suspended.

State-run Codelco said mining activities at its flagship Chuquicamata deposit and at nearby Radomiro Tomic and Ministro Hales had been suspended as a preventative measure, while Antofagasta said Centinela and Zaldivar had suffered intermittent interruptions.

Polish miner KGHM's Sierra Gorda said it was considering whether to restrict some operations as a precaution.

The heavy rains in Antofagasta, forecast to continue through Wednesday, led Chile's emergency service Onemi to trigger its highest 'red alert' warning. No damage has yet been reported.

In April 2016, torrential downpours led rivers to burst their banks and caused suspension of mining activities in a clutch of mines near capital city Santiago. In 2015 rain made roads impassable in northern Chile's Atacama region, crimping output for a number of miners. Chile is the world's biggest copper exporter.


(Reporting by Fabian Cambero, Writing by Rosalba O'Brien; Editing by Chizu Nomiyama and David Gregorio)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities,securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Stockpools Contest

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok