Mining in Chile: The world's largest copper producer
Accounting for close to a third of global copper production, Chile is the largest producer of copper in the world.
In 2014, the country produced 5.75Mt of copper. Chile's state-controlled miner Corporación Nacional del Cobre (Codelco) is considered the world's largest copper and molybdenum producer, having produced a total 1.84Mt last year.
Mining in Chile is key for the economy, as It is estimated that copper is responsible for 20% of the country´s GDP. It accounted for a 6.7% of GDP in 1992, as compared with 8.9%in 1985. In 1991.
In terms of copper mines, BHPBilliton's Escondida, located in the north of Chile and the world's largest copper mine, produced 1.17Mt of copper in 2014, down 2.4% from the previous year. Copper mining in Chile accounts for 70% of the company´s global copper production.
BHP Billiton's Spence copper mine saw the biggest percentage increase for the full year, up 16.2% to 176,100t, followed by BHP's Cerro Colorado copper mine, up 8.2% to 79,600t.
Collahuasi, a JV between Anglo American and Glencore, reported a 5.8% increase in 2014 copper output to 470,400t. Anglo's Anglo American Sur assets reported a 6.5% decline in the year to 436,900t, while output from Antofagasta Minerals' Los Pelambres mine slipped 3.5% to 404,600t.
Mining in Chile is key for the country´s ability to import goods, as it generates 60% of the exports´ income. In 1991 tha figure was 48%.
Codelco's Chuquicamata-Radomiro Tomic-Ministro Hales complex posted the company's biggest percentage increase of copper, up 7.6% to 808,900t in 2014, followed by the El Teniente division, which reported an increase of 1.1% to 455,500t.
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