https://newsletter.mw.creamermedia.com
Copper|Water
Copper|Water
copper|water

Codelco touts October as best production month this year

8th November 2024

By: Reuters

  

Font size: - +

SANTIAGO - Chile's State-run copper company Codelco registered its best production of the year in October, chairman Maximo Pacheco said on Thursday.

The world's top copper miner has been struggling to lift output after hitting historic lows in the last two years.

Last week, the company reported its production through September had fallen 4.9% compared to the same period a year earlier.

Pacheco did not detail how much production amounted to in October, but said it outdid the same month last year.

"October was the best month in the year so far," he said in a statement. "We were able to exceed our monthly production target and also that of the same month in 2023."

Codelco is aiming for production this year of between 1.325-million and 1.352-million tons, below an initial estimate of as much as 1.390-million tons.

At the same time, Codelco is venturing for the first time into lithium production, beginning with an agreement to enter a partnership with the world's no. 2 producer SQM in Chile's Atacama salt flat.

Pacheco said the company needed to develop a plan to reduce the extraction of brine, where lithium is found, and inland waters, to ensure responsible production. He said Codelco would not use desalinated water transported to the area.

Edited by Reuters

Comments

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

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:0.071 0.176s - 143pq - 2rq
Subscribe Now