company news about Chile: Copper production fell 7.5% year-on-year in the first half of this year

Chile's National Copper Company (Codelco) recently issued a bulletin stating that in the first half of 2022, the company's copper production was 736,000 tons, down 7.5% year-on-year; pre-tax profit was US$2.377 billion, down 35.3% compared with the same period last year, mainly due to the drop in copper prices. , Ministro Hales mine (Ministro Hales) lower grade ore, Chuquicamata mine (Chuquicamata) and El Teniente mine (El Teniente) copper mine processing and recovery rate is lower.
As of the first half of this year, the total construction progress of the underground mine of the Chuquicamata Copper Mine in Chile was 99.3%, the construction progress of the first-level continuity infrastructure was 25.7%, and the mine development progress was 35.8%; Andes Norte at 74.5%; Diamante early stage work and Andesita at 99.1% and 94.9%, and both will be completed this year; Terras The primary crushing line 1 of the Traspaso Andina project has been completed, the pre-commissioning of the secondary crushing will be carried out in the last 4 months of this year, and the entire project will be completed by the end of 2022; the Rajo Inca project has been Preliminary work for level 1 and 2 crushing and grinding is completed.