Enami Posts Bigger Loss for 2000
Bnamericas Published: Friday, March 23, 2001
Chile's state minerals processing company Enami posted a loss of US$29.3mn last year, up from US$24.3mn in 1999, El Diario (Chile) reported. Operational profit came in at US$2.7mn but non-operational losses totalled US$37.3mn, compared to a negative US$17.6mn in 1999. The company, which processes copper on a commercial basis but also provides guaranteed prices and support for small-scale miners, is restructuring its US$465mn debt. Much of this was incurred as a result of environmental clean-up programs at its Paipote and Ventanas smelters.
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