Chile’s Codelco posts 1st half profits nearly 10 times greater than last year

Codelco and major mining companies in Chile, the world's top copper producer with 28% of global supply, never stopped work during the pandemic.

RIO DE JANEIRO BRAZIL - Chile's state-owned copper producer Codelco, the world's largest copper producer, reported Friday that the profits that will flow into the public coffers for its operations in the first half of the year reached US$3.675 billion, almost 10 times more than in the same period last year.

According to the company, between January and June, the surplus was US$380 million in the same period last year.

Both the increase in the price of the red metal and and increase in production had a positive impact on the company's operations.

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