A summary of the financial results for Chilean state-owned copper producer Codelco in 2020, as stated in its annual earnings report released on Friday February 26.
In brief Copper production increased during 2020, despite the negative effects of the Covid-19 pandemic, due to higher processing rates and copper grades in mined ore, the company said. In 2021, Codelco expects a copper production of 1.65 million tonnes and to reduce cash costs over 2020 levels. Higher output, growing by-product sales...