LatinNews Daily - 28 February 2022

In brief: Chile’s Codelco reports surge in profits

* Chilean state-owned mining company Codelco has announced pre-tax profits of US$7.4bn in 2021, up 256% on the previous year and the second highest figure of the last decade. According to a Codelco statement, the results owe to the firm’s “ability to maintain operational continuity and production levels despite the restrictions imposed by the [coronavirus (Covid-19)] pandemic, contributions from subsidiaries and an important increase in copper prices”. According to the same statement, Codelco’s production reached 1.6m fine metric tonnes (FMT) of copper last year, in line with output registered the previous year.

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