Copper output to fall below 2011 this year : Chile's Collahuasi
Metal Recycling News | 2012-07-28 04:01:26 | By Paul Ploumis
World's third largest copper mine Chile's Dona Ines de Collahuasi full year output likely to fall below last year's production of 453,000 metric tons.
SANTIAGO(Scrap Monster): World's third largest copper mine Chile's Dona Ines de Collahuasi full year output likely to fall below last year's production of 453,000 metric tons.
Output at Collahuasi, which is jointly controlled by Anglo American Plc and Xstrata Plc, tumbled 10% in 2011 from a year earlier.
Work stoppages, bad weather and accidents pulled copper output down to about 453,000 tonnes in last year, its lowest production since 2007.
Attributable production at Collahuasi, from its 44 percent stake in the mine, fell 38 percent to 63,900 tonnes during the first six months of the year, due partially lower ore grades.
Total first-half output at Collahuasi therefore likely reached 145,000 tonnes, or less than a third of what the mine produced in 2011.
The production is expected to increase in second half of the year on ore grades.
The production of the industrial metal is expected to improve in the second half of the year over the first half.