Chile state copper miner Codelco sees 1.9 pct Y/Y production drop in 2018

Chilean state copper miner Codelco saw a 1.9 percent drop in its output in 2018, at 1.8 million tonnes, while production at the world’s largest copper mine, Escondida, shot up 34 percent in the same year, Chile’s copper commission said on Thursday. Codelco was affected by a natural decline in ore grades, an issue it is seeking to reverse with a major program of upgrades. Production at Escondida, controlled by BHP Group Ltd, rose to 1.24 million tonnes because of a low base of comparison due to the impact in 2017 of a workers strike that lasted for 44 days.

Read more at Chile State Copper Miner Codelco Sees 1.9 Pct Y/Y Production Drop In 2018.

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