Production and Sales

Dedicated since 1999 to the extraction and production of copper concentrate and cathodes

The Company produces copper and molybdenum through two processes, one for sulphides and the other for oxides. In 2015, the cathodes plant was temporarily partially closed.

In 2016, Collahuasi produced 506,5 tonnes of fine copper and its total sales reached US$2,286 million.

Thanks to the plans implemented to manage and strengthen the Company’s competitiveness, its operating cost dropped to US$1.14/lb in 2016, positioning Collahuasi close to the first quartile of the industry.

In the first half of the year, production showed positive results, reaching 243,838 tonnes, up by 12.6% on the same period in the previous year. Its operating cost, at US$1.18/lb, was also down by 23%, due to factors that included the operational and management improvements implemented in recent years, focusing on the Company’s value chain and the efficiency of its processes. In this way, Collahuasi was able to address the complex price situation faced by the industry.

Markets

Collahuasi’s exports in 2016 went principally to China and other Asian markets. In the case of copper concentrate, 23,8% was sold in Chile.

Other Figures

Other important results of the year included:

  • 91% of sales corresponded to copper (concentrate and cathodes).
  • EBITDA reached US$ 1.217 million.

*Source: Annual Report on Mine Copper in Chile