Chile president wants copper output boost of 1Mt by 2026
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 million metric tons by the end of his term in 2026.
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Teck copper output shoots up on QB mine, profit disappoints
Teck Resources, Canada’s largest diversified miner, saw its copper production jump by 74% in the first three months of the year, thanks mainly to the ramp up of the extension at its Quebrada Blanca (QB) mine in Chile.
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Aurubis investing to expand copper output in Bulgaria
Aurubis AG, Europe’s largest refined copper producer, has started a project in its Bulgarian smelter which will expand group copper production by about 110,000 metric tons, its CEO said.
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Codelco sees slow recovery after years of copper output declines
Codelco is starting to turn the corner after a production slump and project overruns eroded the state-owned copper behemoth’s finances, according to a top Chilean official.
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Congo overtakes Peru on copper output, still behind on exports
The Democratic Republic of the Congo overtook Peru as the world’s second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations show.
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Peru copper output seen growing to 3mt in 2024, minister says
Peru’s copper production should reach 3 million metric tons this year after hitting 2.76 million tons in 2023, energy and mining minister Romulo Mucho said in a news conference on Friday.
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Codelco places $2bn in bonds as miner aims to boost copper output
Chile’s Codelco, the world’s largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an earlier report from capital markets publication IFR.
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Chile’s copper output down 3.1% in November
Mining News Pro - Copper output in Chile, the world’s largest producer of the red metal, decreased 3.1% year-on-year in November to 444,905 metric tons, the country’s INE statistics agency said on Friday.
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Codelco CEO sees copper output in 2023 closing at 1.315mt
Mining News Pro - Production at Chile’s Codelco, the world’s largest copper miner, will close the year at around 1.315 million metric tons, towards the lower end of the estimated range, the company’s chief executive said in an interview published on Sunday by La Tercera.
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Barrick’s third-quarter gold, copper output rise
Mining News Pro - Canadian miner Barrick Gold said on Thursday its gold production rose nearly 3% sequentially for the third quarter, helped by higher production at its Cortez mines in Nevada.
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Codelco and Anglo American discuss mining pact to lift copper output in Chile
Mining News Pro - Codelco and Anglo American Plc are exploring options to coordinate mining activities at their adjoining copper operations in Chile in a bid to boost output and productivity, people familiar with the matter said.
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Codelco sees lower copper output, more stoppages in 2023
Mining News Pro - Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines.
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Barrick reports higher gold, copper output for second quarter
Mining News Pro - Canadian miner Barrick Gold said on Thursday its gold and copper production rose sequentially for the second quarter and that it remains on track to achieve full-year target.
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Chile copper output falls 14% y/y in May
Mining News Pro - Copper output in Chile, the world’s largest producer, dropped 14% year-on-year in May to 413,083 tons, the country’s INE statistics agency said on Friday.
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Chile’s drought hits Antofagasta’s copper output in Q1
Mining News Pro - Chilean miner Antofagasta (LON: ANTO) said on Wednesday its copper output fell in the March quarter from the previous three months due to water shortages in the home country, which has been hit by a decade-long drought exacerbated by climate change.
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Antofagasta 2022 copper output down 10%
Mining News Pro - Chilean miner Antofagasta on Wednesday reported a 10.4% fall in 2022 copper output, as lower ore grades and a drought in Chile continued to hurt production.
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Las Bambas mine resumes copper output; transportation still halted
Mining News Pro - Las Bambas had reduced its operations to 30% of its usual capacity earlier this month due to the protests.
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MMG suspends copper output guidance after Las Bambas protests in Peru
Mining News Pro - Chinese miner MMG Ltd on Monday said it had suspended its copper production targets for the year following a 60% output drop due to a long protest at its Las Bambas mine in the Peruvian Andes, which significantly disrupted operations.
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Turquoise Hill Q1 copper output down 33% due to lower head grades
Mining News Pro - Due to lower copper and gold head grades, Turquoise Hill Resources’ production from the Oyu Tolgoi mine during first quarter 2022 was lower than both the first quarter of last year and the fourth quarter.
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Chile heads towards two “lost decades” of copper output growth
Mining News Pro - Chile’s crown as the world’s largest producer of copper is at risk as the country’s output continues to be lower than expected despite the billions of dollars invested in new projects in the past 18 years, BMO’s Colin Hamilton warned on Thursday.
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Chile’s November copper output falls amid drops from Codelco and Escondida
Mining News Pro - Chile’s total copper production in November fell by 0.6% year-on-year to 481,800 tonnes, due to drops from state-owned Codelco and the giant Escondida mine, the Chilean Copper Commission (Cochilco) reported on Tuesday.
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Freeport copper output falls short just as the world needs more of the metal
Mining News Pro - Freeport-McMoRan Inc. produced less copper than expected last quarter from its mines in the Americas, adding to concerns over a drum-tight global market that’s seen prices surge back toward record levels. The stock fell.
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Chile needs $150bn to boost green copper output, minister says
Mining News Pro - Mining powerhouse Chile needs $150 billion in investment to hit its goal to nearly double copper output by 2050, part of a bigger plan by the world’s top copper producer to ratchet up production while reducing environmental harm, the country’s mining minister told Reuters on Wednesday.
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Codelco lifts copper output in boost to tight market
Mining News Pro - Codelco’s sales surged last quarter as the world’s biggest copper supplier ramped up production just as rebounding economies sent prices of the metal to record highs.
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Peru copper output at risk as leftist Castillo leads in presidential election
Mining News Pro - Peru, the world’s second largest copper producing country, could see mining output decrease as socialist candidate Pedro Castillo emerges as the winner of the presidential elections, with 99.6% of the votes already counted.
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