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Chile, Peru copper cash costs rise for leading miners

Leading mining firms Anglo American, Antofagasta and Freeport-McMoRan have revealed cost pressures at their copper operations in Chile and Peru, the world’s two leading sources of the red metal.

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Peru, Chile costs rise

Second quarter production updates released by these firms this week gave insight into rising costs in these countries - some of which are rising above 25% - and ongoing operational challenges