PHOENIX, Arizona – According to a recent report in LatinoMineria (LatinoMineria.com), Freeport-McMoRan Mining is now the largest copper producer in the world, pushing Chile's Codelco into second place. The Spanish language publication examined year end corporate financial reports and information supplied by the Chilean Copper Commission (Cochilco).
In 2013, Freeport McMoRan reported producing 4.131 billion lb, or 1.87 million tonnes, of copper compared to Codelco's 1.79 million tonnes.
Freeport enjoyed growing output from the Grasberg copper mine in Indonesia (415,036 tonnes in 2013 compared to 315,246 tonnes in 2012) and from its Tenke Fungurume in African (209,559 tonnes in 2013 compared to 157,850 tonnes in 2012). (FCX.com)
Codelco's El Teniente division was the only one of its units to increase production in 2013 (450,000 tonnes of copper in 2013, compared to 417,200 tonnes in 2012). El Teniente is the world's largest underground copper mine, operating since 1904. (Codelco.com)