Chile's Codelco 9-month pre-tax profit at $607 million, posts higher production | Metals Mine

  • Chile's Codelco 9-month pre-tax profit at $607 million, posts higher production

    From msn.com

    Chile's Codelco, the world's largest copper producer, on Tuesday posted a pre-tax profit of $606.9 million in the nine months to September, slightly below the $612.2 million reported in the same period last year. The state-owned miner said its own output totaled 937,000 metric tons, up 2.1% from the same period last year. The production increase was achieved despite an accident on July 31 at its flagship El Teniente mine - Codelco's most profitable operation - which forced a temporary halt to mining and smelting. "This unfortunate accident impacted the production results achieved at the end of the second quarter of ... (full story)

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