LatinNews Daily - 12 October 2021

* Juan Benavides, the president of Chilean state-owned mining company Codelco, has said that its copper output this year will be up 2%-3% on 2020, despite the negative impact of recent strikes which paralysed activity at some of Codelco’s mines, notably its Andina operation. Speaking to international newswire Reuters on the sidelines of the LME Week, a gathering of the metals industry in London, Benavides admitted that production at Andina would be reduced, but that Codelco is still expected to exceed the 1.6m tonnes (t) production budget this year. According to Codelco, its copper output increased 7% year-on-year in the first six months of 2021 to 796,000 t. However, figures from Cochilco, the national copper commission, show that Codelco’s overall production in August fell 7.3% compared with a year earlier; the Andina mine produced just 8,200 t of copper this August, compared with 18,300 t in August 2020.

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