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Home > News > Chile: Copper production fell 7.5% in the first half compared with the same period last year

Chile: Copper production fell 7.5% in the first half compared with the same period last year

2022-08-05

Chile's national copper company (Codelco) recently announced that its copper production in the first half of 2022 was 736,000 tons, down 7.5% year on year; Pre-tax profit was $2.377bn, down 35.3 per cent from the same period last year, mainly due to lower copper prices and lower grade ore at the Ministro Hales mine in Minister, The Chuquicamata and El Teniente mines have low processing and recovery rates.
As of the first half of this year, the total underground mine construction progress of Chile's Chuquicamata copper mine was 99.3%, the grade 1 continuous infrastructure construction progress was 25.7%, and the mine development progress was 35.8%. The Ertenient mine's Andes Norte project is at 74.5% progress; Early phase work on Diamante and Andesita are 99.1% and 94.9% advanced, respectively, and both will be completed this year; The Traspaso Andina primary crushing Line 1 has been completed and pre-commissioning of stage 2 crushing will take place in the last 4 months of this year, with the entire project to be completed by the end of 2022. The Rajo Inca project has completed grade 1 and 2 crushing and pre-grinding work.

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