Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Chile’s total copper production rose 1.7% in July on a yearly basis to reach 430,900 metric tons, the country’s copper commission Cochilco said on Monday.
Production was up 5.71% at the Collahuasi mine to 50,000 tons, Cochilco said, while output from Escondida – controlled by Australian mining giant BHP – rose 1.23% to 82,400 tons.
State-owned giant Codelco, meanwhile, saw its copper output slip 2.6% in the period to 124,700 tons, the commission added.
(By Natalia Ramos; Editing by Steven Grattan)
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