SHANGHAI, Nov. 22 (SMM) - Chile’s mining cost was the highest in the world in 2015, although most companies slashed cost and postponed many projects, wenhua.com reported.
Chile’s mining cost was 5.4% higher than global average last year, according to the Chilean Mining Ministry.
Cash cost of Chilean copper mines slid to $1.3 per pound, compared to the average level of ￠82-$1.05 per pound in other countries.
The country’s mining cost of copper mines dropped to $2.16 per pound last year, down 3.5% from 2014’s $2.24 per pound.
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