SANTIAGO, April 4 (Reuters) - Chilean state miner
Codelco, the world's biggest copper miner, said in a
statement on Thursday that its production for the first three
months of 2024 landed near 300,000 metric tons.
"We are recovering and will continue to do so," Codelco
chair Maximo Pacheco told lawmakers from a committee visiting
its major Teniente mining complex.
"All of our workers are working hard to meet our
production goal and reverse the situation we've experienced of
falling production and key project delays."
Pacheco said lower production over the last few years
could be explained by lower ore grades, a pit wall collapse and
disruptions in project ramp ups as well as weather and seismic
events in the South American country, which sits atop a tectonic
belt of earthquakes and volcanoes.
Delays in projects getting approved also forced several
large projects to begin at the same time, he added.
Committee leader Senator Juan Luis Castro said decisions
must be made more quickly and that Codelco's top leaders would
be called on again this month to give more information and to
discuss what lawmakers can do regarding the miner's future,
according to Codelco.
Codelco, which has also been
tasked with negotiating public-private partnerships
with lithium miners as Chile looks to boost state control
over the key battery metal industry, last year hit its
lowest output level
in a quarter of a century.