Codelco earnings down on prices, Anglo deal
Dec 02, 2013 | 12:48 PM
| Carolina Guerra
SÃO PAULO Corporación Nacional del Cobre de Chile (Codelco) has posted an earnings decline due mostly to falling copper prices and because last years results included extraordinary gains from its deal with Anglo American Sur.
The Chilean state-owned company reported pretax earnings of $2.67 billion for the first nine months of this year, down 61.5 percent from $6.94 billion in the same period last year, on copper sales that fell 4.9 percent to $8.8 billion from $9.25 billion.....
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