This post was originally published on this site.Chile’s state-owned copper giant Codelco has identified 42,100 tonnes of artificially inflated production in its reporting, exposing weaknesses in internal controls as the miner struggles with declining output, rising costs and mounting debt. Board chairman Bernardo Fontaine disclosed the figure Thursday at an extraordinary shareholders’ meeting, adding that a separate irregularity had affected 17,000 tonnes of copper inventory valued at between $120 million and $140 million. “Recent incidents related to production figures have affected confidence in Codelco and its reputation. There’s no point in denying it,” Fontaine said, according to Chilean newspaper Emol....

This post was originally published on this site.Lundin Mining (TSX: LUN) has lowered its 2026 copper production forecast for the second time in two months as lingering damage from severe winter storms in Chile continues to hamper operations at its Caserones mine. The Canadian miner cut Caserones’ full-year guidance to 105,000–115,000 tonnes from 120,000–130,000 tonnes, bringing its company-wide forecast to 285,000–310,000 tonnes. The latest revision follows an August reduction from an initial target of 130,000–140,000 tonnes. “Importantly, these are deferred tonnes rather than lost production, and we expect to see a recovery in operational performance through 2027,” the company said...