2019 Chile copper production seen growing by 4%

2019 Chile copper production seen growing by 4%

The copper production of Chile is steady production growth of 4% 2019, with the risk of labour strikes decreases and mines’ upgraded.

Learn from Fitch Solutions Macro Research report that Chile’s copper mine production is forecast to grow by 2% in 2018, to 5.4-million tonnes, on the back of strong production increases from major mines. Further, production from the Escondida copper mine, which is jointly owned by BHP Billiton, Rio Tinto, Jeco Corporation and Jeco 2, was not hampered by a mineworker strike this year and commissioned new concentrators in September 2017, which aided with higher production in 2018.

Moreover, Fitch reports the Michilla mine, which is owned by Haldeman Mining and is due to restart, shows improving investor appetite to mine in Chile. The mine will be restarted in 2019 as a medium-scale mine and will produce 170 000 t over the next ten years.

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