Chile’s Codelco reports 86% leap to $1.124 billion of profits to September

Chile’s State-owned miner Codelco, the world’s largest copper producer, reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124-billion, amid an increase in production. The company, which turns over all its profits to government coffers, said production rose 4% year-on-year to 1.165-million tonnes in the first nine months.

Source: Mining Weekly