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Heavy Rains in Chile Cause Floods, Shut Down Some Copper Mines

From bnnbloomberg.ca

Heavy rains led Friday to river floods, blocked roads and even forced Codelco, the world’s largest copper producer, to halt some of its mining operations. Work at the company’s Andina mine is currently suspended, Codelco said in an emailed response to questions. El Teniente’s underground mine continues to function, though the company has “preemptively halted the pit and Sewell operations,” it said. Separately, Anglo American said on Friday that its Los Bronces mine is running normally for the moment despite snowfall in the area. Parts of central and southern Chile are being slammed by heavy rains that have prompted ... (full story)

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  • Category: Fundamental Analysis