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Chile copper company Codelco announced in January-June a
pre-tax loss of US$ 97 million, net debt increased 11.46% to US$ 136 billion in
last year. The company's production declined slightly compared to the same
period last year. Due to debts, the company cut production, reduce expansion
plans projects to deal with the debt crisis, copper production is likely to
fall further.
The world's largest copper miner, Chile Codelco Copper
company its first-half pretax profit was US$97 million loss, the company said
the company is currently extremely vulnerable situation. Economic performance
will force it to cut some copper mine expansion plans.
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