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Friday, 2 September 2016

Live Commodity News

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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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