Chilean copper miner, Codelco, said on Thursday that its Andina division produced 219,554 tonnes of copper in 2008, slightly below the forecast for 220,000 tonnes but up 0.56 percent on the 218,322 tonnes of fine copper it produced in 2007. Andina also produced 2,133 tonnes of molybdenum.
Net production costs were $1.08 per pound during the year. Codelco's CEO, Jose Pablo Arellano, says the company is sticking to plans for $2 billion worth of investment in 2009, despite the global economic crisis, and that the company will seek financing for mining projects on the international markets.
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