Chile mining activity, copper production falls in November amid protests


SANTIAGO, Dec 31 (Reuters) - Chilean mining activity fell 7.1% in November, government data showed on Tuesday, plagued by operational issues at major mines during a tumultuous month of protests, road and port blockades and worker strikes in the South American nation.

The world's top copper producer reported that production of the metal fell 6.7% in November versus the same month the previous year, to 504,366 tonnes. Government statistics agency INE said the fall in mining activity was in part a reflection of strong production the previous November.

Chilean manufacturing production CLMFG=ECI, however, surprised analysts, jumping 3.2 percent in November compared with the previous year, according to government data, bucking predictions of a sharper drop in output as a result of weeks of unrest.

The unexpected increase was driven primarily by a year-on-year rise in the production of chemical products, INE said.

(Reporting by Dave Sherwood, editing by Louise Heavens)

((; +56 9 9138 1047, +56 2 2370 4224; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.