Chilean Copper Mines still Profitable despite Sluggish Market

SHANGHAI, Dec. 31 (SMM) - Chilean copper mines are still profitable due to lower production cost, despite slumping copper prices, according to sources from wenhua.com.

A Chile Mining Association report of 19 Chilean copper mining companies, which represent 91% of domestic copper output, reveals cash costs averaged $1.625 per pound in the second quarter of 2015, compared with $1.655 in the same period of 2014.

The drop in costs of fuel, energy and wages is mainly attributable to cost decline at local copper mines.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.