Codelco Temporarily Suspends Andes Norte over Emerging Deep-Seismic Risk

Published: Aug 5, 2026 09:24

Save

Codelco has temporarily suspended development and construction activities at the Andes Norte project within its El Teniente division. The company identified a potential emerging seismic risk associated with the project’s greater depth and will strengthen monitoring, instrumentation and technical controls before work resumes. Other production areas at El Teniente remain operational.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

53 mins ago

Prysmian to Use 10,000t of Fully Recycled Copper in UK Subsea Cable Project

Prysmian will use approximately 10,000 tonnes of fully traceable recycled copper supplied by La Farga for the UK’s 505-kilometre Eastern Green Link 2 subsea cable project. The use of recycled copper is expected to avoid around 56,675 tonnes of CO₂-equivalent emissions compared with primary copper.

53 mins ago

1 hour ago

Canadian Copper Assumes Control of Caribou Complex as Murray Brook EIA Review Advances

Canadian Copper has completed the title transfer and assumed management of the Caribou Complex in New Brunswick. The company has appointed personnel responsible for care, maintenance and environmental compliance, although no production restart has been announced. The Murray Brook environmental assessment has also entered formal review.

1 hour ago

US-Iran Talks Show Progress, Oil Prices Pull Back to Boost Copper Prices, High Copper Prices Suppress Downstream Purchases, Premiums Under Pressure [SMM Copper Morning Meeting Minutes]

SMM Morning Meeting Minutes: Overnight, LME copper opened at $14,012/mt, dipped to $13,871.5/mt before rebounding, hit a high of $14,117/mt, and finally closed at $14,043.5/mt, up 1.41%; trading volume was 30,300 lots, with open interest rising to 251,000 lots, an increase of 2,793 lots from the previous trading day, indicating increased long positions. Overnight, the most-traded SHFE copper 2609 contract opened at 107,490 yuan/mt, reached a high of 107,500 yuan/mt, dipped to a low of 106,900 yuan/mt, and finally closed at 107,040 yuan/mt, up 0.37%; trading volume was 46,500 lots, with open interest rising to 211,100 lots, an increase of 1,601 lots from the previous trading day, indicating increased long positions.

1 hour ago