Make Kitco Your Homepage

Chile's Codelco copper output jumps in January, Escondida dips

Kitco News

(Adds production at key mines, details)

By Fabian Cambero SANTIAGO, March 2 (Reuters) - Copper production at Chile's largest mines was mixed in January, as strong output at state mining giant Codelco was offset by weaker results at the huge Escondida mine, official figures released on Tuesday showed The state-run Chilean Copper Commission (Cochilco) reported that production by Codelco, the world's largest miner of the red metal, rose 19.4% year-on-year to 142,000 tonnes in the month.

Meanwhile at Escondida, the world's largest copper deposit controlled by BHP , production fell 16.1% year-on-year to 84,700 tonnes. Collahuasi - a partnership between Glencore and Anglo American along with Japanese companies - posted a 6.5% year-on-year rise in production to 57,000 tonnes. Chile's total copper output edged down 0.7% year-on-year in the month to 457,100 tons, Cochilco added.

(Reporting by Fabian Cambero; Writing by Adam Jourdan Editing by Marguerita Choy)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.