Chile’s Mining Costs Top World Peers-Shanghai Metals Market

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Chile’s Mining Costs Top World Peers

Industry News 10:11:53AM Nov 22, 2016 Source:SMM

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. 

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. 

Chile’s Mining Costs Top World Peers

Industry News 10:11:53AM Nov 22, 2016 Source:SMM

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. 

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.