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Reuters
10-04-2025
- Business
- Reuters
Copper output from Chile's Codelco slips 6% in February
SANTIAGO, April 10 (Reuters) - Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons. Codelco is the No. 1 miner of the red metal globally, but has struggled to boost declining output in recent years. Meanwhile production at BHP's ( opens new tab Escondida mine, the world's largest copper mine, leaped 16%, climbing to 113,400 tons. At Collahuasi, another major copper mine jointly run by Glencore (GLEN.L), opens new tab and Anglo American (AAL.L), opens new tab, output slid 62% to just 17,000 metric tons. Anglo American's Chile head, Patricio Hidalgo, told Reuters earlier this week that the firm expected output at the mine to be skewed toward the second half of the year. "Due to the stage in the mine's life cycle, development in 2025 was going to focus on minerals, which contain less copper," he said.
Reuters
08-04-2025
- Business
- Reuters
Indigenous groups in Peru suspend blockade of Glencore copper mine
LIMA, April 7 (Reuters) - Indigenous groups in Peru stopped blocking access to Glencore's (GLEN.L), opens new tab Antapaccay copper mine in Peru, after closing an agreement with government officials, a local community leader said on Monday. The agreement, which ended the blockade that lasted over a week, set a timetable to carry out a "prior consultation process" and define a reparations plan for local residents, community leader Flavio Huanque told Reuters. Representatives of Glencore's Antapaccay firm (GLEN.L), opens new tab in Lima were not immediately available for comment on the issue. Local resident began blocking roads near the Antapaccay mine, located in Espinar province within Peru's Cusco region, on March 30 over fears of environmental damage from an expansion plan at the site. Glencore representatives said on Friday that the protest had not affected production, and added that the company was open to dialogue with each of the communities.
