Escondida Q1 copper output rises, profits fall on lower price

摘要

Production at the world’s largest copper mine rose in the first three months of the year but profits fell amid a sharp fall in the price of the red metal. The BHP-operated Escondida mine in northern Chile produced 297,219 mt of copper in the quarter, up 8.2% from the same period last year, management said June 26. Production of copper in concentrates rose to 227,600 mt, up 7.1%, while production of copper cathode reached 69,619 mt, up 11.7% from a year earlier.