• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks
    copper investing

    Codelco Sees Production Drop, but Retains 2012 Output Goal

    Charlotte McLeod
    Aug. 31, 2012 05:09PM PST
    Base Metals Investing

    Reuters reported that copper production at Chile-based Codelco dropped to 767,000 tonnes during the first half of 2012, a decrease of 6.4 percent, due to harder rock, deeper deposits and lower ore grades.

    Reuters reported that copper production at Chile-based Codelco dropped to 767,000 tonnes during the first half of 2012, a decrease of 6.4 percent, due to harder rock, deeper deposits and lower ore grades.

    As quoted in the market news:

    [T]he world’s No. 1 copper producer said it still intends to produce around 1.7 million tonnes this year.

    Still, during a press conference to discuss results, CEO Thomas Keller said “expected production for this year hasn’t been modified with respect to what we had budgeted.”

    Codelco CODEL.UL has said it expects to produce 1.708 million tonnes of copper this year. It is implementing an ambitious investment plan to boost copper output to more than 2 million tonnes annually.

    Click here to read the full Reuters report.

    copper investingchile
    The Conversation (0)

    Go Deeper

    AI Powered
    Many copper bobbins and warehouse copper pipes.

    Top 10 Copper-producing Companies

    Map of Argentina with the Chilean flag placed in central Argentina.

    Codelco Seeks Partial Restart at El Teniente Mine After Fatal Collapse

    Latest News

    CoTec Commissions BBA to Lead Feasibility Study for the Lac Jeannine Iron Tailings Recovery Project

    Quarterly Activities/Appendix 5B Cash Flow Report

    Questcorp and Riverside Update Substantial Drilling Progress at the LA Union Gold and Silver Project with Seven Holes Completed at Four Targets

    Prismo Reports High Grade Gold along with Silver, Copper and Zinc Mineralization at Ripsey Mine

    Nine Mile Metals Announces Phase 2 XRF High-Grade Results up to 17.41% Copper from the Upcoming Drill Area at the Wedge Project, Bathurst, New Brunswick

    More News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Base Metals Investing Stocks

    Empire Metals

    EPMLF

    Canada One Mining

    CONE:CC

    African Discovery Group

    AFDG

    Copper Quest Exploration

    CQX:CC

    Corazon Mining

    CZN:AU

    Blackstone Minerals

    BSX:AU
    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES