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Codelco produced less copper in 2022, chairman says
Chile's State-run Codelco, the world's largest copper producer, produced 172 000 fewer tonnes of copper in 2022, chairman Maximo Pacheco said on Tuesday, marking a roughly 10% drop from output in 2021. Speaking to an association of engineers in Santiago, Pacheco said 77% of the reduction was due to problems with operations while 23% was due to project delays. "We've had an extraordinarily eventful year," Pacheco said, noting a collapse in the company's Chuquicamata mine and a landslide at its Ministro Hales mine. There were a number of high-profile accidents at several Codelco mines in 2022, with some resulting ... (full story)
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- Posted: Jan 25, 2023 5:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 62
