Codelco, the world’s biggest copper producer, said it reached a new wage agreement with a group of workers at its largest mine, averting a strike.
A union representing about 530 workers at the Chuquicamata copper mine in northern Chile voted Wednesday to accept a wage offer after Santiago-based Codelco reduced the length of the contract, union [...]

The Philippines said on Thursday Australia’s Lafayette Mining Ltd. could restart its copper and zinc mine south of Manila immediately, more than a year after it was shut due to cyanide spills.
“The mining operations can now proceed,” Environment and Natural Resources Secretary Angelo Reyes told a news conference.
Lafayette’s stock jumped 13 percent to A$0.13 on [...]

Chile’s budget surplus climbed in 2006 from a year earlier, bolstered by revenue from government- owned Codelco, the world’s biggest copper producer.
The government budget surplus widened to 6 trillion pesos ($11 billion), or 7.9 percent of gross domestic product, higher than an October forecast for a surplus of 7.6 percent of GDP, said Budget Director [...]

Anglo American Plc , the world’s third biggest mining group, has joined the rush to discover new Philippine mines by seeking permits to explore in a dozen areas in the country, a source close to the firm said on Friday.
Anglo, which has a joint venture with local firm Philex Mining Corp. in the Boyongan copper [...]

Franco Tito has fought small-scale gold diggers like himself for 20 years to keep control of a 100- meter mountain tunnel in the southern Philippines. Now he’s girding for battle against the world’s biggest mining companies.
“You can’t expect miners like us to give up to overseas investors our only source of livelihood,” said Tito, 49, [...]

A union at BHP Billiton Plc, the world’s biggest mining company, said the latest wage offer from management at a Chilean copper mine is too low.
BHP today offered a union at its Cerro Colorado copper mine in Chile a wage increase of 2 percentage points above inflation, below the union’s request for a 7 [...]

Switzerland-based private resource company Glencore International has shown an interest in the upcoming auction of the Isla Riesco coal concessions in Chile’s far south, a government official told BNamericas.
“Glencore has consulted about Isla Riesco,” said Leonardo Valenzuela, asset management executive of SEP, part of Chilean state development agency Corfo.
Glencore, through its subsidiaries, is both a [...]

Lawmakers in an Argentine province famous for its wine and ski resorts have suspended all open-pit mining due to strong environmental opposition, deputies and industry sources said on Thursday.
The western province of Mendoza is synonymous with Malbec vines grown in the plains below the Andes, but rising metal prices have generated increased interest in its [...]

KORONADAL CITY - “Too small an amount in exchange for so mammoth an income.”
This is how a local official in Lake Sebu, South Cotabato described the share Barangay Ned landowners would get from a coal mining company.
Municipal Agrarian Reform Officer Celso Caro said there is a need to review the government rules on the sharing [...]

PHILEX Mining Corp said the Securities and Exchange Commission has approved the proposed amendments to its Articles of Incorporation, paving the way for the declassification of its common shares.
Philex will now have a single class of authorized shares totaling 5.0 billion, of which 2.957 billion are issued and outstanding, it told the stock exchange.
The Supreme [...]