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Codelco downgrades 2022 production guidance

Chile’s state copper company Codeclo has reduced its production guidance for 2022 to between 1.489 million tonnes and 1.509Mt from its budget of 1.608Mt due to lower output from its Ministro Hales mine. Ministro Hales was redesigned following a landslide last year.

Paul Harris
Codelco's Chuquicamata pit in Chile

Codelco's Chuquicamata pit in Chile

The company said lower grade at its Chuquicamata underground mine caused by geomechanical and material handling problems, and lower plant availability also contributed to the decline. Meanwhile, in...

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