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Terminal News·Council··1 min read

Codelco probes overstated copper production figures

Codelco probes potential double-counting of copper output for 2024-2025 at Ministro Hales and Salvador divisions.

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Palanor Wire · composed from 4 outlets · every claim links to its sources

What happened

Codelco is investigating evidence that copper production was double counted in 2024 and 2025. 12 The company's board was informed of preliminary findings related to duplicities in production accounting and inventory differences during a meeting this Tuesday. 2 The investigation covers possible artificial production increases at the Ministro Hales and Salvador divisions. 3 Codelco Chief Executive Jorge Gómez said the company will investigate any irregularity, determine responsibilities, apply sanctions and pursue recovery of any property damage. 3

Why it matters

The investigation raises further questions over output figures at the Chilean state-owned miner. 1

What to watch

The board will review the process of revising production figures following detected complaints. 2

Sources · 3

  • [1]Codelco investiga nuevos antecedentes de sobreproducción entre 2024 y 2025

    Rumbo Minero

    Read at source →

  • [2]Codelco investiga nueva sobreproducción de cobre con posible “incremento artificial” en Ministro Hales y Salvador

    La Tercera

    Read at source →

  • [3]Codelco Probes New Signs of Overstated Chile Copper Production

    livemint.com · via Marketaux

    Read at source →

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