BACK

Chile's copper mines post mixed results through Nov 2018 – Cochilco

10th January 2019

By: Reuters

  

Font size: - +

SANTIAGO – Chile's largest copper mines posted mixed results through November of 2018, with a slight drop in output at state miner Codelco offset by a surge in production from BHP's Escondida, the world's largest copper mine.

In all, copper production in the world's top producer of the red metal reached 5.33-million tonnes, a 6% increase over the same period the previous year.

Escondida, in northern Chile, produced 1.15-million tonnes through November, up 40.7% compared with the same period in 2017, when an historic strike shut down the mine for more than 40 days.

Production from state-run miner Codelco's deposits reached 1.621-million tonnes in the first 11 months of 2018, a drop of 2.4% over the previous period with downturns at almost all its facilities.

The country's second-largest mine by output Collahuasi, owned by Anglo American and Glencore, ramped up production by 5.8% to 502 600 tonnes.

Edited by Reuters

Comments

The login details you entered is incorrect. Please try and re-enter your username and password. If you continue having problems, please contact us at subscriptions@creamermedia.co.za for assistance.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

R/€ = 20.5644 Change: 0.0965
R/$ = 19.0747 Change: 0.1692
Au 2195.45 $/oz Change: 0.72
Pt 890.97 $/oz Change: -5.98