Production at Chilean state miner Codelco’s stalled El Teniente copper mine is due to start in 2029, company executive Gustavo Reyes said on Wednesday.Codelco said on August 4 that it had paused the project, which aims to develop the Andes Norte section of the sprawling underground complex, after recent studies showed the mine is under greater seismic risk than initially estimated.(Reporting by Fabian Cambero; Writing by Fabiola Arámburo, Editing by Iñigo Alexander)

The Swedish government said on Wednesday it has given Boliden BOL.ST the green light to proceed with the company’s copper mine project in Laver, northern Sweden.Project still needs approval from Sweden’s Land and Environment Court.Extraction of the Laver deposit could double Sweden’s production of copper and increase the EU’s total production by 10%, the government said in a statement.Project will reduce a dangerous import dependence in Europe, it added.

Freeport Indonesia said on Wednesday that smelter operations at its Smelting Gresik subsidiary have been stopped since August 8 for furnace repairs.Freeport Indonesia CEO Tony Wenas said in a statement that the company expects the repairs to be completed in the current quarter.The smelter is operated by PT Smelting, a joint venture 66% owned by Freeport Indonesia and 34% owned by Japan’s Mitsubishi Materials.Annual output capacity of the plant had reached 342,000 metric tons of copper cathode.

CME Group CME.O said on Tuesday it will allow round-the-clock trading in its 100-Ounce Silver futures contract from September as the exchange operator builds on strong demand for its retail-focused precious metals products after gold’s record debut.Since launching the 24/7 trading for 1-Ounce Gold futures on July 24, more than 53,000 contracts have traded during expanded weekend sessions, representing about $219 million in notional value, CME said.This is the largest liquidity pool for weekend trading in gold futures, the exchange operator added.

Chile will reinvest all of state-owned copper miner Codelco’s 2025 profits into the company, Mining Minister Daniel Mas said on Monday, boosting funding for a producer grappling with a heavy debt load and the costly task of overhauling aging mines.Codelco, one of the world’s largest copper producers, transfers its profits to the state, which then decides how much capital to return to the company.

Chile’s copper output from major producers mostly gained in June versus a year before, according to data published by state copper commission Cochilco on Monday.BHP-controlled Escondida produced 111,400 metric tons, up 45.8% from a year earlier, while the major Collahuasi mine, partly owned by Anglo American and Glencore, produced 34,900 metric tons, an increase of 1.7%.Output from state-run Codelco, however, fell 4.8% to 114,400 tons, according to Cochilco.(Reporting by Fabian Cambero, Editing by Iñigo Alexander)

Norsk Hydro NHY.OL said on Tuesday its Alunorte alumina refinery in Brazil has cut output to 50% of capacity due to a reduced supply of natural gas, helping to send aluminium prices to a seven-week high.The Alunorte plant, located in the northern state of Para, has capacity to produce 6.3 million metric tons of alumina per year. Approximately two tons of alumina, a substance refined from bauxite, are needed to produce one ton of aluminium metal.