Codelco Takes Another Step in Long Path to Copper Recovery
Copper anodes ready for shipment at the Codelco El Teniente processing facility in Machali, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
Codelco posted a slight increase in first-quarter output despite power, weather and maintenance interruptions, as the world’s biggest copper producer battles to compensate for deteriorating ore quality.
Production from mines that Codelco operates grew 0.3% from the same period last year, the Chilean state-owned company said in a statement Friday. Including its share from mines run by other companies, output rose 2% to 324,000 metric tons.