https://newsletter.mw.creamermedia.com
Copper
Copper
copper

Codelco targets 1.39Mt of copper output in 2025 - document

7th February 2025

By: Reuters

  

Font size: - +

Chilean state miner Codelco, the world's largest copper producer, is targeting production of 1.391-million metric tons of the red metal this year, according to an unpublished government decree approving its 2025 budget reviewed by Reuters.

The firm, which is battling to lift production off quarter-century low levels, has also authorized investments in the period of some $4.727-billion, made up of $3.972-billion plus Value Added Tax (VAT), the document showed.

In calculating its budget, Codelco forecast a copper price of $4.30 per pound and expects a cash cost of $1.98 per pound, the document showed. It expects operating revenue of $22.23 billion, leading to a pre-tax net profit of $3.105 billion.

To watch Creamer Media's latest video reports, click here
 

Edited by Reuters

Comments

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
John Ratcliffe
John Ratcliffe

At John Ratcliffe, we are aftermarket specialists for heavy-duty on and off-road vehicles. We engineer and retrofit advanced safety systems, engine...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 February 2025
Magazine round up | 21 February 2025
21st February 2025
BOLSTERING PRESENCE
The project is set to bolster Namibia’s position as one of the world’s leading uranium producers
Uranium mine moving closer to production
21st February 2025 By: Simone Liedtke

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.113 0.189s - 162pq - 2rq
Subscribe Now