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Minera Escondida achieved net income of $ 483 million in the first quarter of this year, the company, controlled by the Australian BHP Billiton, said in a statement issued today
. Millions of dollars recorded in the same period last year, explained by a workers strike that lasted 44 days.
"On this occasion the comparison between the two periods is strongly distorted by the 44-day strike in 2017,"
Operating profits for the first three months of 2018 have reached $ 731 million
which also had a strong impact on earnings this year, the price of copper, which in the first quarter reached $ 3.16 per pound, compared to $ 2.65 in the same period of 2017, that Minera Escondida positively influenced the financial results of the company
Meanwhile, between January and March of this year, the company paid $ 211 million in income tax, with a production of 322,721 tons 253,296 tonnes were concentrates and 69,425 were cathodes.
Costs reached 1,271 million over the period, 35% higher than the 941 million in the first quarter of 2017, while bad income Sales badociates were $ 2,001 million, up from $ 695 million in the same period last year.
The company pointed out that, as a result of its investment plans, this year, it has operated with three concentrators instead of the two that operated in the same period of 2017.
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