Codelco: No Chance of Hitting 1.7 Million-Tonne Copper Target by 2030
Chilean mining firm Codelco faces a difficult operational year, and its chairman says there is no chance it will reach its copper production goal of 1.7 million tonnes per year in the next few years. Codelco produced 504,600 tonnes of copper through May, an 11.3% year-on-year drop, partly due to the El Teniente mine's lower output.