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Chile cuts copper output and price forecasts for 2013

Posted on 09 July 2013

Chile cut its copper output forecast for the year to 5.53 million tonnes due to setbacks at certain mines, though production is still expected to jump from 2012 as a new deposit comes online, the mining ministry said on Monday.
In April, state copper commission Cochilco forecast the world No. 1 copper producer’s red metal output would reach 5.58 million tonnes this year. The lower estimate is due to delays at Japan’s JX Holdings’ Caserones mine and lower forecasts for output from the Spence and Esperanza deposits, run by global miner BHP Billiton and Chilean miner Antofagasta Minerals respectively, Cochilco told Reuters………………………………………..Full Article: Source


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