NEWS
Copper  

Chile’s biggest copper mines’ output rises

Copper production in Chile’s top mines rose in April despite the generalised shutdown in the country aimed at halting the spread of the new coronavirus.

Chilean copper commission Cochilco said state miner Codelco, the world’s top copper producer, saw production rise 2.8% year-on-year in April to 133,300 tonnes and 3.8% in the first four months of 2020, while BHP’s Escondida, the world’s largest mine, pumped out 102,600 tonnes, a rise of 11.4% on the same month the previous year, an increase of 9% so far in 2020.

Collahuasi meanwhile, a joint-venture between Anglo American and Glencore, produced 54,100 tonnes, a 45.8% year on year rise, and was up 22.6% in 2020.

Chile’s total copper production rose 2.6% year-on-year to 470,600 tonnes, an increase of 3.8% to 1.87 million tonnes in the year.

The country has largely maintained operational capacity despite the coronavirus outbreak but the value of exports has been hit by the plummeting global copper price and sunken demand at the virus epicentre, China.

News No: 9684
Date: 2020/06/10 - 02:38
News Source: Mining.com

Codelco  coronavirus  Escondida  BHP  copper mine 

Comments:

Leave a Comment:

   
   
   
 

Appia to drill at world’s 2nd richest rare earth prospect

About 80-85% of North America’s rare earths supply currently comes from China, a situation that is becoming untenable, given the US-China trade war tensions and coronavirus pandemic.
 

Iron ore soars as Vale ordered to shut down mines

Chinese iron ore futures surged on Monday, marking the biggest intraday percentage gain since July 2019, as supply concerns deepened after the country’s second-biggest iron ore supplier Brazil shut down Vale’s Itabira complex due to coronavirus concerns.
 

Zijin takes control of Tibet copper miner for $548m

China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet.
 

Iran’s Mehran border crossing with Iraq reopened

Iran's Mehran crossing on the border with Iraq, which had been closed since early March due to the outbreak of coronavirus, was reopened on Monday, ISNA reported, quoting the spokesman of Islamic Republic of Iran's Customs Administration (IRICA).
 

Govt. to pay $223m for supporting passenger rail transport companies

Head of Islamic Republic of Iran Railways (known as RAI) says 9.4 trillion rials (about $223.8 million) has been allocated for compensating the damages caused by the coronavirus outbreak for passenger rail transport companies.
 

ICCIMA calls government’s coronavirus support package ‘inefficient’

Members of the industry committee of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), in a meeting, criticized the inefficiency of the government’s support packages against the impacts of the coronavirus outbreak.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners