Codelco Anticipates Prolonged Reduced Output at Major Copper Mine

Codelco, Chile's state-owned copper mining company, foresees that production at its largest copper mine will remain at current reduced levels for several years. Bloomberg posted on X that this projection comes as the company deals with the extensive repercussions of Chile's most fatal mining accident in decades. The accident has significantly impacted operations, leading to a prolonged period of decreased output. Codelco is working to address the challenges posed by this incident, which has affected its production capabilities and overall performance.