Chile’s Codelco posts 35% drop in H1 pre-tax profit

Chile’s Codelco posts 35% drop in H1 pre-tax profit

Summary : The logo of Codelco, the world’s largest copper producer, is seen at their headquarters in downtown Santiago, Chile March 29, 2018. MEXICO CITY, July 29 (Reuters) – Top world copper producer Codelco reported on Friday a 35% drop in pre-tax profit to $2.4 billion for the first half of 2022, while its copper production fell 7.5% to 736,000 tonnes of copper versus the first half of 2021.

The Chilean state miner reported direct cash costs rose 11.8% in the first half of the year to $1.51 per pound of copper.

<<<<<<<<

Comments

No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *