SANTIAGO, April 22 (Reuters) - Chile’s state-owned Codelco said on Friday it expects to recover its El Teniente copper mine’s lost production during a five-day stoppage by the end of the year through different mitigation measures at its mines.
“As such, this situation will not provoke a material or significant impact on Codelco’s results,” the World No. 1 copper producer said.
Operations at the century-old, underground El Teniente were suspended over the weekend after torrential rains triggered landslides and caused rivers to breach their banks. They were gradually restarted on Thursday.
Codelco has estimated it was losing approximately 1,500 tonnes of copper output for everyday El Teniente’s operations were halted. (Reporting by Anthony Esposito; Editing by Marguerita Choy)