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Friday, April 26, 2024

Chile's Codelco reports Q1 pre-tax profit down 29%

 

Chile's Codelco, the world's largest copper producer, on Friday posted a 29% drop in its pre-tax profit for the first three months of this year, landing at $849 million amid setbacks and delays in launching key projects. The state-owned miner said output totaled 295,000 metric tons, down 10% from the same period last year. Including production from its stakes in Freeport's El Abra and Anglo American Sur, it said, production amounted to 319,000 tons.

https://finance.yahoo.com/news/1-chiles-codelco-reports-q1-153407236.html

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