Australia markets closed
  • ALL ORDS

    7,649.30
    -32.00 (-0.42%)
     
  • ASX 200

    7,342.60
    -27.60 (-0.37%)
     
  • AUD/USD

    0.7273
    -0.0026 (-0.35%)
     
  • OIL

    73.47
    +0.17 (+0.23%)
     
  • GOLD

    1,755.00
    +5.20 (+0.30%)
     
  • BTC-AUD

    58,986.02
    -1,996.65 (-3.27%)
     
  • CMC Crypto 200

    1,058.61
    -50.31 (-4.54%)
     
  • AUD/EUR

    0.6192
    -0.0018 (-0.30%)
     
  • AUD/NZD

    1.0325
    +0.0012 (+0.11%)
     
  • NZX 50

    13,259.55
    -46.37 (-0.35%)
     
  • NASDAQ

    15,316.58
    +140.07 (+0.92%)
     
  • FTSE

    7,062.57
    -15.78 (-0.22%)
     
  • Dow Jones

    34,764.82
    +506.50 (+1.48%)
     
  • DAX

    15,542.83
    -101.14 (-0.65%)
     
  • Hang Seng

    24,192.16
    -318.82 (-1.30%)
     
  • NIKKEI 225

    30,248.81
    +609.41 (+2.06%)
     

UPDATE 1-Chile's Codelco ups production 14.9% in June, Escondida marks 11th month of drops

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

(Adds national production figures, Escondida context)

By Fabian Cambero

SANTIAGO, Aug 3 (Reuters) - Chile's Codelco, the world's largest copper miner, increased its production by 14.9% year-on-year to 151,600 tonnes in June, and by 6.8% so far this year, the Chilean state copper commission Cochilco said on Tuesday.

BHP's Escondida, the world's largest copper mine, saw production fall 21.6% year-on-year to 82,900 tonnes in the same month, for an accumulated drop of 14.9% in the first half of this year.

Escondida has curtailed some operations since the outbreak of the coronavirus pandemic and imposition of restrictions, including reducing cathode production, resulting in 11 straight months of declining production.

Meanwhile at the Collahuasi copper mine - a joint venture by Glencore and Anglo American - production fell 6.7% year-on-year to 53,900 tonnes in June, giving an accumulated increase of 2.7% in the first six months of the year.

The country’s total production was up 2.3% year-on-year in June to 477,300 tonnes, Cochilco said. (Reporting by Fabian Cambero Writing by Aislinn Laing Editing by Jonathan Oatis and David Holmes)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting