Codelco working to meet Q2 production goal, CEO says

Reuters | May 14, 2024 | 8:00 am Top Companies Latin America Copper 
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Image: Chuquicamata mine by Roberto Candia. (Courtesy of Codelco via Flickr.)

Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado told Reuters, as the state-run copper miner is pushing to boost production up from its lowest in 25 years.

Alvarado said that a recent rise in copper prices is a positive sign, adding that any improvements would benefit Codelco’s finances, but said that Codelco must wait to see if they remain stable.

(By Fabian Cambero; Editing by Sarah Morland)

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