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Global miner Anglo American’s first-half production surges 42%
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LONDON (Reuters) – Global miner Anglo American said on Thursday its first-half copper production surged 42%, underpinned by the ramp-up of its Quellaveco mine operations in Peru.
LONDON (Reuters) – Global miner Anglo American said on Thursday its first-half copper production surged 42%, underpinned by the ramp-up of its Quellaveco mine operations in Peru.
Copper production rose to 387,000 metric tons in the first half, from 273,000 metric tons posted in the year-ago period, the miner said.
(This story has been corrected to change to ‘387,000’ from ‘387’, and to ‘273,000’ from ‘273’ in paragraph 2)
(Reporting by Chandini Monnappa and Clara Denina; Editing by Sherry Jacob-Phillips)
Copper production refers to the process of extracting and refining copper from its ores. It is a key indicator of the mining industry's performance and is essential for various industries, including construction and electronics.
A global miner is a company that operates in the extraction of minerals and metals on an international scale. These companies often have operations in multiple countries and are involved in various stages of mining and production.
A mining operation involves the extraction of valuable minerals or other geological materials from the earth. This includes activities such as exploration, extraction, processing, and reclamation of mining sites.
A metric ton is a unit of mass equal to 1,000 kilograms or approximately 2,204.62 pounds. It is commonly used in the measurement of large quantities of materials, including metals and minerals.
Production surges indicate a significant increase in the output of a company or industry. This can reflect improved operational efficiency, increased demand, or successful expansion efforts, impacting financial performance positively.
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