By BUUMBA CHIMBULUSIX of the 10 largest copper producers in the world still succeeded in increasing output for the year in 2020 despite the initial impact of the covid-19 pandemic on global mining operations which was immense.The highest increase in copper production was by Canada’s First Quantum, which, despite all the challenges, reported 10.4 percent growth in 2020, according to United Kingdome based analytics firm GlobalData.This year, copper production from the top 10 companies is expected to bounce back, rising by up to 3.8 percent to reach 12.2 million tonnes, GlobalData estimates.On the 2020 performance, the firm indicated that First Quantum’s Sentinel mine in Zambia and Cobre Panama were key contributors to this growth.While the latter remained under care and maintenance between April and August, it delivered record production levels during the subsequent months.The firm however indicated that production from the world’s top 10 copper mining companies decreased in 2020, albeit by a marginal 0.2 […]
COPPER PRODUCERS FLY HIGH
