Codelco having a strong year
Pantoro bullish on bigger production profile
SPONSOREDpantoro limited
Genesis opens new chapter at Ulysses
SPONSOREDgenesis minerals
Ramelius now among WA gold frontrunners
SPONSOREDramelius resources
Agile Mining - The Future is Smaller. Bigger is not always better
SPONSOREDproudfoot
The company posted EBITDA of $3.4 billion, 35% higher than the prior year period.
Codelco also saw increased productivity as C1 cash costs fell 11.3% to $1.27 per pound from $1.43/lb in the 2019 period, and the net cathode cost dropped by 6.3% to $2.16lb from $2.30/lb over the same period.
Pantoro bullish on bigger production profile
SPONSOREDpantoro limited
Genesis opens new chapter at Ulysses
SPONSOREDgenesis minerals
Ramelius now among WA gold frontrunners
SPONSOREDramelius resources
Agile Mining - The Future is Smaller. Bigger is not always better
SPONSOREDproudfoot
The company produced 1.165 million tonnes of copper in the nine months, with higher recoveries and better grade seen than in the prior year as productivity per worker increased to 61.1 tonnes, a 17% increase from the 52.2t in the first nine months of 2019.
Regarding its structural development projects, Codelco said the Chuquicamata underground mine was nearing completion and was 99.5% complete. The company estimates the project will be completed about US$700 million under budget.
The Traspaso Andina project is 89.1% complete, while the new mine level at El Teniente is 62.6% complete.