Chile’s state-owned copper producer, Codelco, reported an increase in copper production during the first quarter of 2025, slightly exceeding output from the same period last year. This growth comes despite challenges such as a nationwide power outage in February that temporarily disrupted operations. The company remains on track to meet its annual production target of...
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Chile’s state-owned Codelco, the world’s largest copper producer, has announced it will begin supplying copper concentrates this year to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its kind, began operations in 2024. The agreement was finalized during a meeting between...
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Chile’s state-owned copper producer, Codelco, has announced it will begin supplying copper concentrates to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its type, will receive shipments starting this year. The agreement follows a meeting between Codelco chairman Máximo Pacheco and...
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Anglo American and Chilean state-owned Codelco have signed a memorandum of understanding (MoU) to jointly develop adjacent copper mining projects in Chile. The partnership will establish a new entity to coordinate operations at the Los Bronces and Andina mines. The combined copper reserves from both sites account for 2% of global copper deposits, totaling 60...
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Anglo American has announced the signing of a memorandum of understanding (MoU) between its 50.1% owned subsidiary, Anglo American Sur SA (AAS), and Chilean state-owned mining company Codelco. The agreement outlines a framework for a joint mine plan for their adjacent copper mines, Los Bronces and Andina, aiming to increase copper production with minimal additional...
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Codelco plans to produce 1.391 million metric tons of copper in 2025, supported by an investment budget of $4.73 billion, according to an unpublished government decree cited by Reuters. The investment will be directed toward projects aimed at overhauling key mines to counteract declining ore grades. In 2024, Codelco produced 1.328 million metric tons of...
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Codelco, the world’s largest copper producer, managed to lift its annual copper output in 2024 to 1.328 million metric tons, narrowly escaping a 25-year low. However, concerns from union workers and analysts cast doubt on whether the company’s methods are sustainable as it targets an ambitious annual output of 1.7 million metric tons by the...
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Chile’s state-owned copper producer Codelco has applied for an environmental permit to extend the life of its Gabriela Mistral mine by more than 25 years. The proposed $800 million project would push the current closure date from 2028 to at least 2055, ensuring continued production at the Antofagasta region mine, which has been operational since...
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