Chile’s Codelco authorised to partially restart El Teniente mine operations
Operations at El Teniente were halted in specific sectors due to a recent earthquake that triggered a collapse.
Latest edition: 11 August 2025
Latest edition: 11 August 2025
Operations at El Teniente were halted in specific sectors due to a recent earthquake that triggered a collapse.
This move follows the successful completion of Stage 1A activities under the companies' joint development agreement.
The offering featured the sale of more than ten million shares at $18.75 each.
This initiative aims to enhance operational efficiency in the quarry sector through the adoption of autonomous systems.
The financing includes a significant investment from Wheaton Precious Metals, marking a robust phase of capital inflow.
The green light follows the necessary Board approvals and receipt of the DIA environmental permit in early July.
The move aims to strengthen the company's balance sheet and provide a liquidity buffer during a period of lower prices.
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