Will Winter Coming For The Copper Mining Industry?

- Dec 13, 2019-

        Will winter coming for the copper mining industry?

Codelco to cut spending by $8bn through 2028  

Chile’s Codelco, the world’s largest copper producer, will scale back its ambitious $40 billion, 10-year plan aimed at upgrading aging mines after reporting on Friday a 57% drop in pre-tax earnings to September due to a combination of factors including heavy rains, a long-dragged strike at its Chuquicamata mine and lower metal prices.