Fri Mar 28, 2014 11:49am EDT
SANTIAGO, March 28 (Reuters) – World No. 1 copper producer Codelco’s output fell to a five-year low and its profit dropped by half in 2013 as dwindling ore grades and lower metal prices hit the state-owned Chilean miner.
The company produced roughly 1.62 million tonnes of the red metal last year, a 1.5 percent drop from 2012 due to lower ore grades, harder rock and trickier production in deeper deposits.
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