Chile Copper Production Uneven in September - Cochilco

Codelco, the world's largest miner of the red metal, has struggled with operational issues and high debt, with its production falling to a 25-year low last year.

SEATTLE (Scrap Monster): Production at Chile's largest copper mines was uneven in September, dragged down by weak performance from state-run miner Codelco, the Chilean Copper Commission (Cochilco) said on Monday.

Codelco's production slipped 5.3% year-over-year in the month to 116,700 metric tons, Cochilco said. Meanwhile, the BHP-controlled (BHP.AX) Escondida mine saw production jump 25.5%, with the Collahuasi mine run by Glencore (GLEN.L) and Anglo American (AAL.L) inching up 1.3%.

Codelco, the world's largest miner of the red metal, has struggled with operational issues and high debt, with its production falling to a 25-year low last year.

Overall production in Chile increased 2.2% in September to bring in 444,000 tons of copper, Cochilco said.

Courtesy: www.reuters.com

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