{"id":1199216,"date":"2020-07-31T11:38:19","date_gmt":"2020-07-31T16:38:19","guid":{"rendered":"https:\/\/www.mining.com\/?p=1031449"},"modified":"2020-07-31T11:38:19","modified_gmt":"2020-07-31T16:38:19","slug":"codelco-boosts-copper-output-despite-pandemic","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1199216","title":{"rendered":"Codelco boosts copper output despite pandemic"},"content":{"rendered":"

Codelco, the world\u00b4s top copper producer, said<\/a> it had boosted output by 4.7% in the first six months of 2020, even as the mining giant was forced to rely on skeleton crews at its deposits amid the coronavirus outbreak.<\/p>\n

The company on Friday reported pretax profits of $380 million in the first half of 2020, an increase of 20% over the same period in 2019. Cash costs plunged 9%, helping boost profits alongside strong output.<\/p>\n

“The early measures taken by the company to protect the health of its workers allowed us to maintain operational continuity,” the company said in a statement.<\/p>\n

Chile, the world’s top copper producer, has been ravaged by the coronavirus, but it has largely maintained copper output despite the dent to its economy. <\/p>\n

The Chilean government ruled out on Wednesday the privatization of Codelco<\/a>, after a small group of lawmakers proposed to sell it off to raise funds for the coronavirus response.<\/p>\n

Chile\u2019s Chamber of Mines and unionized workers had rejected the proposal put forward by extreme-right parliament members to sell Codelco.<\/p>\n

The plan, laid out in an internal memo to members of the Independent Democratic Union (UDI) party, triggered criticism from both sector representatives and unionized workers.<\/p>\n

(With files from Reuters)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company reported pretax profits of $380 million in the first half of 2020, an increase of 20% over the same period in 2019.<\/p>\n","protected":false},"author":92,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[369,2640],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1199216"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1199216"}],"version-history":[{"count":4,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1199216\/revisions"}],"predecessor-version":[{"id":1199256,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1199216\/revisions\/1199256"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1199216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1199216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1199216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}