Codelco 9-month copper production jumps 16%

Net profit for the period declined to less than half the amount recorded for the same period a year earlier Read more….

Strike averted at the world’s biggest copper mine but Codelco may not follow BHP lead

BHP’s wage settlement with workers at Escondida seen as likely to ease copper supply fears in the short term but Codelco now faces new labour contract negotiations with some of its biggest mines and may face tough talks if it doesn’t follow the BHP offer. Read more….

Chilean congress agrees to give Codelco $1bn

The investment is designed to help lift the miner’s stagnant output Read more….

Decades-old Codelco Chilean military copper funding law may be abolished

The dual military funding system that originated with the Pinochet regime in the 1970s and hurt copper giant Codelco’s standing in international markets could be history if the Chilean Congress shortly approves its repeal. Read more….

Codelco H1 copper output up 16% y/y

Chile’s Codelco, the biggest copper miner in the world, said on Thursday it produced 783 100 tons of the metal in the first half of the year, not including its stake in El Abra, up 16% from a year ago. Codelco produced 675 000 tons of copper during the same period last year. Read more….

Codelco head sees favorable copper market outlook

Favorable market conditions for copper are likely to continue thanks to demand from China and stimulus programs in the world’s leading economies, the head of Chile’s state-run miner Codelco said on Friday. Global prices for the red metal reached 10-month highs of nearly $2.80 per lb this week. On Friday, copper prices reversed earlier losses [...]

Codelco chief reckons favorable copper market to continue

Jose Pablo Arellano, CEO of the world’s largest copper miner, sees stimulus programs and continuing Chinese copper demand will keep prices strong Read more….

Chile’s Codelco may end falling output streak this year

Codelco, the world’s top copper miner, may reverse a four-year slide in output this year as its new Gaby mine ramps to full production, as long as labor strife doesn’t strike Chile as it faces a presidential election. Codelco said on Friday its 2008 production fell 7,4 percent compared to the year ago period to [...]