Codelco to Slash Cost at Chuquicamata Copper Mine-Shanghai Metals Market

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Codelco to Slash Cost at Chuquicamata Copper Mine

Industry News 10:55:05AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) - Codelco plans to reduce cost and capital expenditure at its Chuquicamata copper mine, wenhua.com reports.

Chuquicamata copper mine used to be largest open-pit mine in the world, and has shifted to underground mining, which may cost it $4.7 billion. It has curtailed capital expenditure to $3.5 million, though.

The mine has completed 40% in mining mode switch, which will be decisive to stop output from sliding. It produced 309,000 tonnes of copper in 2015, compared to 340,000 tonnes in 2014. 

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. 

Key Words:  copper mine   Codelco 

Codelco to Slash Cost at Chuquicamata Copper Mine

Industry News 10:55:05AM Nov 14, 2016 Source:SMM

SHANGHAI, Nov. 14 (SMM) - Codelco plans to reduce cost and capital expenditure at its Chuquicamata copper mine, wenhua.com reports.

Chuquicamata copper mine used to be largest open-pit mine in the world, and has shifted to underground mining, which may cost it $4.7 billion. It has curtailed capital expenditure to $3.5 million, though.

The mine has completed 40% in mining mode switch, which will be decisive to stop output from sliding. It produced 309,000 tonnes of copper in 2015, compared to 340,000 tonnes in 2014. 

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. 

Key Words:  copper mine   Codelco