https://newsletter.mw.creamermedia.com
Copper|Mining|PROJECT|Projects|Maintenance
Copper|Mining|PROJECT|Projects|Maintenance
copper|mining|project|projects|maintenance

Copper output from Chile's Codelco this year to top 2023, chairman says

19th July 2024

By: Reuters

  

Font size: - +

SANTIAGO - Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.

"We have reaffirmed our commitment for 2024 production to surpass 2023," he said.

After years of sliding production at the world's top copper producer, Codelco is behind target for production in 2024, and analysts say it faces an uphill battle to make up lost ground with a second-half turnaround.

Pacheco said several elements were in Codelco's favor for the rest of the year – maintenance work was finished, new projects were going online, the company had a solid budget and the kinds of weather-related impacts from earlier this year were not anticipated.

"I've always thought that the second half of the year was the half when we would start to see recovery, compared to the second half of last year," he told reporters at an event.

Speaking about Codelco's efforts to enter the lithium industry, he added that the company's search for a partner for a major new project in the Maricunga salt flat was going well.

Out of 52 companies invited to submit proposals, more than half so far have agreed to enter the process, he said, and are beginning to receive more details about the project from Codelco so that they can develop proposals.

Pacheco declined to name the contenders, but said they were from various countries and represented some of the world's largest mining companies.

Edited by Reuters

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 25 April 2025
Magazine round up | 25 April 2025
25th April 2025
Ferrochrome, diamonds, platinum make headlines
Ferrochrome, diamonds, platinum make headlines
24th April 2025

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:0.168 0.243s - 127pq - 2rq
Subscribe Now