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Chilean copper output up 15.5% in July

Keywords: Tags  Chilean copper, copper production, Corporacion Nacional del Cobre de Chile, Codelco, BHP Billiton, Escondida, Antofagasta, Los Pelambres Collahuasi

SÃO PAULO — Chile’s copper production rose to about 480,000 tonnes in July, up 15.5 percent year on year from 415,300 tonnes, according to national copper commission Cochilco.

Output at Corporacion Nacional del Cobre de Chile (Codelco), the world’s top producer, totaled 150,800 tonnes for the month. That’s up 9 percent from 138,300 tonnes a year earlier but was down 2 percent from the prior month.

Also contributing to the increase were BHP Billiton Ltd.’s Escondida Mine in Chile, which saw output increase 28.7 percent year on year to 79,200 tonnes; and Cia. Minera Dona Ines de Collahuasi SCM—owned by a consortium consisting of Anglo American Plc (44 percent), Glencore Xstrata Plc (44 percent) and other investors—saw its output double in the year-on-year comparison, totalling 50,400 tonnes.

Anglo American Sur produced 36,900 tonnes of copper in July, up 22.1 percent from a year earlier;p and Antofagasta Plc’s Los Pelambres Mine ended June with flat production of 34,300 tonnes.

Chilean copper output for the first seven months of the year stood at 3.25 million tonnes, up 7 percent from the same period last year.

A version of this article was first published in AMM sister publication Metal Bulletin.

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