financetom
Business
financetom
/
Business
/
Chile's Codelco 9-month pre-tax profit at $607 mln, posts higher production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chile's Codelco 9-month pre-tax profit at $607 mln, posts higher production
Nov 4, 2025 6:04 AM

SANTIAGO, Nov 4 (Reuters) - Chile's Codelco,

the world's largest copper producer, on Tuesday posted a pre-tax

profit of $606.9 million in the nine months to September,

slightly below the $612.2 million reported in the same period

last year.

The state-owned miner said its own output totaled 937,000

metric tons, up 2.1% from the same period last year.

The production increase was achieved despite an accident on

July 31 at its flagship El Teniente mine - Codelco's most

profitable operation - which forced a temporary halt to mining

and smelting.

"This unfortunate accident impacted the production

results achieved at the end of the second quarter of this year,"

the company said in a statement.

CEO Ruben Alvarado said that Codelco expects to have

more conclusive information about the accident by the end of the

year.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Heico Insider Sold Shares Worth $3,181,277, According to a Recent SEC Filing
Heico Insider Sold Shares Worth $3,181,277, According to a Recent SEC Filing
Jun 26, 2024
03:45 PM EDT, 06/26/2024 (MT Newswires) -- Eric A Mendelson, Director, Co-President, on June 24, 2024, sold 17,627 shares in Heico ( HEI ) for $3,181,277. Following the Form 4 filing with the SEC, Mendelson has control over a total of 2,682,111 shares of the company, with 1,401,456 shares held directly and 1,280,655 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/46619/000004661924000042/xslF345X03/wk-form4_1719430588.xml Price: 226.04,...
Update: Elliott Investment Repeats Call for Leadership Change After Southwest Airlines Reduces Q2 Revenue Guidance
Update: Elliott Investment Repeats Call for Leadership Change After Southwest Airlines Reduces Q2 Revenue Guidance
Jun 26, 2024
03:51 PM EDT, 06/26/2024 (MT Newswires) -- (Updates with statement from Southwest Airlines ( LUV ) in the seventh and eighth paragraph.) Elliott Investment Management on Wednesday repeated calls for a leadership change at Southwest Airlines ( LUV ) after the carrier reduced its Q2 revenue guidance. Southwest ( LUV ) said earlier in the day it now expects Q2...
US regulators could approve spot ether ETFs for launch by July 4, sources say
US regulators could approve spot ether ETFs for launch by July 4, sources say
Jun 26, 2024
June 26 (Reuters) - The U.S. Securities and Exchange Commission could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters. Eight asset managers, including BlackRock ( BLK ), VanEck, Franklin Templeton and Grayscale Investments,...
Update: Moderna Shares Fall as RSV Shot Efficacy Lags Behind Rivals' Vaccines, CDC Data Shows
Update: Moderna Shares Fall as RSV Shot Efficacy Lags Behind Rivals' Vaccines, CDC Data Shows
Jun 26, 2024
03:43 PM EDT, 06/26/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph with additional information) Moderna's ( MRNA ) shares were down 10.3% in recent Wednesday trading after the Centers for Disease Control and Prevention reported a significant drop in the efficacy of the company's respiratory syncytial virus vaccine in the second year,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved