BASE METALS

Lower Chile copper production in 2020

Chile produced 1% less copper in 2020 as total output fell to 5.73 million tonnes from 5.78Mt in 2019 despite strong performances from state copper company Codelco, Collahuasi and El Tesoro.

The Collahuasi copper mine in Chile increased production in 2020

The Collahuasi copper mine in Chile increased production in 2020

Reporting monthly production figures, state copper agency Cochilco said Codelco increased its production 1.2% to 1.727Mt with gains at its Chuiquicamata, Salvador and Andina divisions. Collahuasi posted an 11.3% gain to 629,100t, while Antofagasta Minerals' El Tesoro increased output 15% to 93,300t.

A number of copper operations experienced significant declines during the year, including Lundin Mining's Candelaria, which fell 14.9% to 94,800t, the Barrick Gold-Antofagasta joint venture, Zaldivar, which fell 16.9% to 96,500t, the Antofagasta-Marubeni joint venture, Esperanza, which fell 21.5% to 153,500t, and BHP's Spence, which fell 24.6% to 145,900t.

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