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Earthquake hit Codelco mines to reopen soon

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SANTIAGO (Commodity Online) : World’s largest copper producer, Chile’s Codelco said its El Teniente and Andina copper mines would reopen soon after examiners did not find any major damage from the earthquake that hit the country.

A powerful earthquake measuring 8.8 magnitude killed around 214 people and forced four copper mines to halt their operations, and these produce around 16 percent of the country’s production.



Codelco yesterday revealed that the EL Teniente and Andina copper mines have stop the production due to the power outage and Anglo American Plc’s Los bronces and EL soldado mines in chile also halted operation for the same reason.
Codelco generates around 600,000 tons of the metal annually from El Teniente and Andina. Anglo’s Los Bronces and El Soldado mines generate around 280,000 tons a year.

Also, two oil refineries were forced to halt the production due to power outage. Quake also destroyed bridges and buildings and knocked out power outage.

Chile is the world's No. 1 copper-producing nation, and Codelco the biggest copper-producing company.


NCDEX SUGARM200JUN12 20 June 2012 contract was trading at Rs 0 . What's your view on it?
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