Codelco Lowers Copper Output Estimation for Q2

Published: Jul 31, 2017 10:29

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Codelco Chief Executive Officer Nelson Pizarro said its copper production is expected to fall 1-2% on a quarterly basis in the second quarter of 2017, according to wenhua.com.

SHANGHAI, Jul. 31 (SMM) - Codelco Chief Executive Officer Nelson Pizarro said its copper production is expected to fall 1-2% on a quarterly basis in the second quarter of 2017, according to wenhua.com.

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Codelco’s copper output was only 400,000 tonnes in the second quarter of 2016.

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The company’s copper output slid 11% year-on-year in the first quarter this year due to lower ore grade.

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