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Chilean Copper Mines still Profitable despite Sluggish Market
Dec 31, 2015 11:16Chilean copper mines are still profitable due to lower production cost, despite slumping copper prices, according to sources from wenhua.com.
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.
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Chilean copper mines
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