Chile's Escondida Copper Output Falls 14% in October (Table)
Santiago, Nov. 13 (Bloomberg) -- Chile's Escondida copper mine, the world's largest, produced 14 percent less fine copper in October compared with a year earlier, Minera Escondida Ltd. said. Gold output rose 3.4 percent. Following is a table with a breakdown of metric tons of fine copper and cathodes produced, and gold production in ounces.
*T
Oct. 01 Oct. 00 YTD 01 YTD 00
Concentrates 50,210 62,150 N/A N/A
Cathodes* 13,024 11,850 N/A N/A
Fine Copper Total 63,234 74,000 674,839 787,640
Gold** 10,476 10,129 83,132 106,186
*T
* Almost 100 percent pure copper. **All figures in ounces.
Escondida is owned by Australia's BHP Billiton Ltd., which has a 57.5 percent stake in the mine. London-based Rio Tinto Plc owns 30 percent, and a group of Japanese companies headed by Mitsubishi Corp. owns 10 percent of the mine. The World Bank's International Finance Corp. owns the remainder.
--Michael Smith in Santiago (562) 638-4732, or mssmith@bloomberg.net, or the New York newsroom (212) 318- 2730/lm |