Small-scale Chilean miners left out of copper price bonanza
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09/07/2021 - 03:40 Chilean miners Carlos Pacheco (L), Hugo Moroso (C) and Juan Bugueno (R) are seen outside the Kiara copper mine on June 22, 2021 GLENN ARCOS AFP 4 min
Antofagasta (Chile) (AFP)
Hugo Moroso individually selects rocks he extracts from the small Kiara copper mine in the Vicuna Mackenna mountain range of northern Chile, home to the largest copper deposits in the world.
Chile is the world s top producer of copper, making up 28 percent of global output. The mineral accounts for 10-15 percent of the South American country s GDP, with much of it exported to China, the world s biggest consumer.
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Biggest Copper Nation Says Production Decline Is Just a Blip
Bloomberg 1 day ago James Attwood
(Bloomberg) Chile, the top copper-producing nation, expects to be able to navigate both the pandemic and a slew of wage talks to increase output of the metal this year.
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Production from a country that accounts for a quarter of the world’s mined copper will increase 2-3% from 2020 levels, Mining Undersecretary Edgar Blanco said. Giant mines run by companies including Codelco, BHP Group and Antofagasta Plc have the protocols in place to continue operating through a surge in Covid-19 cases in Chile and tighter restrictions, while upcoming collective bargaining processes should proceed without any major disruptions, he said.