Top Copper Producer Chile Sees Growth Despite Mine Setbacks (1)

Chile, which accounts for a quarter of the world’s mined copper, expects output to expand this year despite setbacks at two major mines, offering some respite to a tight global market.

A fatal accident at state-run Codelco’s top mine and tailings troubles at a Teck Resources Ltd.operation are obstacles to Chile meeting its annual target of around 5.6 million metric tons. But BHP Group’s giant Escondida mine churned out 11% more in the first half versus the same period last year and the Collahuasi operation is set to emerge from a period of low-quality ore. The overhauled El ...