| Costs in Chile's mining industry, which supplies almost a third of the world's copper, are continuing to fall as producers continue to adapt to sharply lower prices for the red metal, a government report showed Tuesday.
According to the study by the Chilean Copper Commission, C1 cash costs at Chile's 19 largest mines fell to an average of $1.285/lb during the first three months of the year, down 13% from the same quarter of last year. The sample included mines operated by BHP Billiton, Antofagasta Minerals, Codelco, and Teck and represented 88% of Chilean copper production during the period...............................................Full Article: Source
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