November 29, 2018 / 5:09 PM / in 16 days

Chile's Codelco copper production falls 3 percent y/y in Jan-Sept 2018

SANTIAGO, Nov 29 (Reuters) - Chile’s Codelco produced 1.2 million tonnes of copper from its mines between January and September of 2018, down 3 percent from the previous year, the company reported in its third quarter results on Thursday.

The world´s top copper miner posted a pretax profit of $1.418 billion in the same period, down 12 percent year-on-year, with a production cost per pound of copper of $1.389, an increase of 5 percent from 2017, the company said. (Reporting by Fabian Cambero, writing by Dave Sherwood Editing by Chizu Nomiyama)

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