trending Market Intelligence /marketintelligence/en/news-insights/trending/unNTKz27GAQK7twElDU3BA2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Chilean copper miner Codelco fires contractor over Chuquicamata upgrade delays

Mining Exploration Insights - April 2020

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

State of the Market: Mining Q2-2019

Chilean copper miner Codelco fires contractor over Chuquicamata upgrade delays

Codelco terminated its contract with Canada's SNC-Lavalin Group Inc. as the Chilean miner is accusing the latter of failing to meet obligations under a US$260 million contract, which includes engineering, supply and construction of sulfuric acid plants for the Chuquicamata mine's copper smelting operation, Reuters reported March 25.

SNC-Lavalin won the contract to upgrade the mine in 2012, which was followed by an agreement to build sulfuric acid plants in 2016. Technical issues and rising costs related to the planned upgrades, as well as mass protests, have also hampered development.

SNC-Lavalin chiefly attributed the challenges at the project to unexpected site conditions, environment and safety measures, and underperformance by subcontractors.

Chilean Mining Minister Baldo Prokurica said in a previous Reuters report that Codelco stands to lose more than US$40 million due to delays in a planned smelter restart.