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Why Chile’s copper mines report production declines

RIO DE JANEIRO, BRAZIL - Copper mines in Chile are reporting negative results. Antofagasta Minerals, part of the Luksic Group, reported a 24.2% decline in its copper production in the first quarter of this year compared to the same period in 2021, it said in a statement.

The copper company attributed the decline from 183,000 tons of fine copper between January and March last year to 138,800 tons in the same months of 2022 to the country's water crisis. Ivan Arriagada, CEO of Antofagasta Minerals, said the result was due to the ongoing drought in the Coquimbo . . .

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