Chile Collahuasi CEO Sees 2010 Output Steady Versus 2009
June 30 2010 - 1:09PM
Dow Jones News
Chilean copper mine Dona Ines de Collahuasi aims to maintain its
levels of production steady this year versus production of some
535,000 metric tons in 2009, the company's chief executive Jon
Evans said Wednesday.
Earlier this year, the mine was forced to shut down for several
days after protesting contract workers blockaded the access road
leading into the mining compound, leading to a loss of 11,300 tons
of copper contained in concentrates.
"The idea is to maintain our production levels steady this year
and during the rest of the year to recover lost production," the
CEO told reporters.
The mine is owned by diversified mining companies Xstrata PLC
(XTA.LN) and Anglo American PLC (AAUKY, AAL.LN), each with a 44%
stake. A consortium led by Mitsui & Co. (MITSY, 8031.TO) holds
the remaining 12%.
Collahuasi's 500,000 metric tons of the red metal a year
represent around 10% of Chile's annual output. Chile is the world's
leading copper producer, accounting for about 35% of global
output.
-By Anthony Esposito, Dow Jones Newswires; 56-2-715-8929;
anthony.esposito@dowjones.com
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From May 2024 to Jun 2024
Mitsui (NASDAQ:MITSY)
Historical Stock Chart
From Jun 2023 to Jun 2024