Latest news with #El Teniente
Arab News
3 days ago
- General
- Arab News
Chile copper mine to restart operations after deadly collapse
SANTIAGO: The world's largest underground copper mine was set to resume operating on Sunday, after a deadly cave-in suspended work for more than a week. Chile's Mining Ministry ordered El Teniente to halt activity on August 1 to allow rescuers to search for five miners trapped after a 'seismic event' caused the collapse of a tunnel the day before. All five were found dead. Whether the cause of the shaking was due to an earthquake or drilling remains under investigation. State-owned operator Codelco said normal operations would resume on Sunday. Chile is the world's largest copper producer, responsible for nearly a quarter of global supply, with about 5.3 million metric tons (5.8 million tons) in 2024. El Teniente contributed 356,000 metric tons — nearly seven percent — of the country's total copper. The metal is critical for wiring, motors and renewable energy technology. Chile's mining industry is considered among the safest in the world, with a fatality rate of 0.02 percent in 2024, according to the National Geology and Mining Service of Chile.
Yahoo
5 days ago
- Business
- Yahoo
Copper Heads for Weekly Gain With Codelco Collapse in Focus
(Bloomberg) — Copper (HG=F) is set for a weekly increase as traders assess the impacts of the closure of Codelco's biggest mine in Chile following a fatal accident. All Hail the Humble Speed Hump Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Major Istanbul Projects Are Stalling as City Leaders Sit in Jail What England's New National Cycling Network Needs to Get Rolling The seismic event that halted operations at El Teniente, one of the world's biggest underground copper mines, from July 31, is likely the result of mining activities rather than nature, according to a person with direct knowledge of the matter. The collapse has rocked the mining industry in Chile, where projects need to be built to withstand frequent and sometimes catastrophic seismic activity. It also happened at a time when lagging global supplies are forcing smelters to curtail output of the refined metal that's critical to the green transition. State-owned Codelco has filed a request to restart parts of the mine while it carries out an investigation into the cause of the incident. Copper rose 0.2% to $9,707.50 a ton on the London Metal Exchange as of 11:49 a.m. in Shanghai, extending the weekly gain to 0.8%. Iron ore fell 0.5% to $101.70 a ton in Singapore, as investors expected steel production cuts in northern parts of China, the top consuming nation, ahead of a military parade on Sept. 3. The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Russia's Secret War and the Plot to Kill a German CEO Digital Nomads Are Transforming Medellín's Housing It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P. Sign up for Yahoo Finance Daily Movers By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
South China Morning Post
03-08-2025
- South China Morning Post
Death toll hits 6 at Chilean mine collapse as rescue efforts end
Codelco recovered the bodies of all five missing workers caught in a tunnel collapse at one of the world's biggest underground copper mines in central Chile. 'It was a night of mourning for the families, for Codelco, for mining and for Chile,' Mary Carmen Lano, the company's head of human resources, told reporters on Sunday. The update brings the official death toll to six after another person was confirmed dead in the immediate aftermath of Thursday's incident . The state-owned miner is grappling with a human tragedy at its El Teniente mine south of Santiago, which is also fanning concerns for global copper supply. Codelco, the world's biggest copper supplier, halted mining at the site after a collapse triggered by seismic activity at a new section of the complex, called Andesita. It is the latest setback for Codelco's efforts to recover from a years-long output slump, with investments marked by long delays and cost overruns. A 100-person team – including some of those who helped free 33 workers trapped in another Chilean mine in 2010 – had been working on the El Teniente rescue effort, which has since been halted. The 120-year-old El Teniente mine is crucial for Codelco's aim to return to pre-pandemic production levels of about 1.7 million tons a year from about 1.4 million tons now. Codelco delayed reporting quarterly results, including production guidance, on Friday as it deals with the accident.
Yahoo
03-08-2025
- Yahoo
Rescuers recover bodies of four Chilean miners who were trapped in collapse
The bodies of four out of five miners trapped in a collapsed section of one of Chile's biggest copper mines for three days have been found and identified, an official has said. Rescue workers at the El Teniente mine, about 60 miles south of the capital Santiago, are still looking for the fifth miner, identified as Moises Pavez, mine director Andres Music said. The trapped miners were located thanks to GPS devices, but rescue workers had to drill through dozens of yards of rock to reach them. A section of the mine collapsed after a 4.2 magnitude quake on Thursday, killing one worker and injuring nine others. Authorities are investigating whether it was a natural earthquake or whether mining activity at El Teniente caused the tremor. Chilean prosecutors also launched a criminal investigation to determine whether any safety standards were violated. El Teniente, in the Andes mountains in central Chile, is the world's largest underground copper mine and is owned by Chilean state company Codelco. Shortly after Thursday's collapse, Codelco halted operations at the affected section of the mine and evacuated 3,000 people from the wider site to safe areas. The company cancelled a presentation of its first-half financial results, set for Friday morning, due to the rescue efforts. Chile, the world's largest copper producer, lies in the seismically active Ring of Fire that surrounds the shores of the Pacific Ocean.
Washington Post
03-08-2025
- Washington Post
Chilean rescuers recover the bodies of 4 miners who were trapped in a collapsed shaft
BOGOTA, Colombia — The bodies of four out of five miners trapped in a collapsed section of one of Chile's biggest copper mines for three days have been found and identified, an official said Sunday. Rescue workers at the El Teniente mine, about 100 kilometers (60 miles) south of the capital Santiago, are still looking for the fifth miner, identified as Moises Pavez, mine director Andres Music said.
