Chilean state-owned copper mining giant completed $1.3 billion bond issue during the first quarter.
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The causes that prompted a rock to fall down at the Pilar Norte mine are under investigation.
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Unionized workers rejected on Saturday the miner’s final contract negotiation offer and announced that they will vote on a proposal to go on strike.
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Media reports had said production at Chuquicamata would drop to around 182,000 tonnes by 2021 from 459,000 tonnes this year, addin that the fall would impact Codelco’s total production by around 4%.
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The Chilean lithium producer expects demand to grow about 17% in 2019 to at least 315,000 tonnes, compared to the less than 260,000 tonnes it totalled last year.
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Copper output in Africa’s second largest producer could decline by as much as 100,000 tonnes this year, adding to recent, sharp declines at the world’s main producing nations.
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Europe’s second-largest copper producer also posted its best quarterly results in the last three years, with revenue rising by PLN 1.2 billion (about $312 million).
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Canadian miner may soon make a decision about returning to long-term production in Chile.
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Kinross mulls options to resume long-term operations in Chile Read More »
For decades, the National Copper Corporation gave away expensive gold watches to workers that have been with the company for over 30 years.
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Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged battle over control of Hudbay.
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