Codelco: 2011 Pre-Tax Profits Climbed 21% to $7.033 Billion

Reuters reported that Corporación Nacional del Cobre de Chile, Codelco, announced its 2011 pre-tax profits climbed 21% to $7.033 billion.

As quoted in the market news:

Codelco produced a record 1.735 million tonnes of copper in 2011, up 2.7 percent from 2010, as output increases in its Radomiro Tomic, Andina and Gaby mines offset production slumps in century-old Chuquicamata, Salvador and El Teniente, the firm said in a statement to the country’s regulator.

Click here to read the full Reuters report.