BASE METALS

El Soldado in trouble

Chile copper mine layoffs may not be enough to stave off closure

Staff reporter
More copper could come out of the market if El Soldado in Chile is wound back

More copper could come out of the market if El Soldado in Chile is wound back

The company concedes El Soldado’s operational continuity remains at risk with management looking at ways to avoid closure. The mine produced about 36,000 tonnes of copper in 2015.

An optimisation plan is currently being put into place.

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