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Energy

Chile's Codelco lifts copper production in October 2020, private mines see drop: Cochilco

FILE PHOTO: A view of the headquarters of Chile's state copper giant Codelco in Santiago, Chile March 31, 2017. REUTERS/Ivan Alvarado/File Photo

SANTIAGO (Reuters) - Chile’s state miner Codelco, the world’s top copper producer, increased output in October while privately-owned multinationals saw a decrease, Chilean copper commission Cochilco said on Wednesday.

Codelco saw production rise 3.5% year-on-year in October to 159,900 tonnes and 2.9% in the first ten months of 2020, while BHP´s Escondida, the world’s largest mine, saw a drop in output of 7.6% to 99,900 tonnes, an accumulated increase of 1.3%, and Collahuasi, a joint-venture between Anglo American and Glencore, saw year-on-year production drop 17% in October to 42,200 tonnes, an increase of 18.7% over 2020.

Reporting by Fabian Cambero, writing by Aislinn Laing

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