Codelco Update 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Fabian Cambero (Adds further detail from Codelco statement) SANTIAGO, Feb 26 (Reuters) - Chile´s Codelco, the world´s top copper producer, reported pre-tax profits of $2.078 bln in 2020 and said it had upped output from its own mines by 2% to 1.618 mln tonnes, despite being forced to rely on skeleton crews for almost half the year amid strict measures aimed at curbing the coronavirus outbreak. The 55% increase in profits came amid a surge in global metal prices and higher sales as global markets including Chile’s main buyer China begin to rally from the pandemic. The company, which turns ...

By Reuters Staff (Adds statement from Codelco regarding no impact on production) SANTIAGO, Jan 14 (Reuters) - Chile’s state-owned Codelco, the world’s largest copper producer, said on Thursday it would once again ratchet up precautionary measures against the coronavirus at its mines amid a recent uptick in infections in the South American nation. The measures, which include a reduction in personnel, come several months after the miner had resumed normal operations following the peak of contagion in May and June. Codelco, like many Chilean miners, emerged largely unscathed from the first w...