Thursday, August 26, 2010

Chile upheaval halts refineries copper mines

Alonso Soto SANTIAGO Sat February 27, 2010 6:07pm EST The BHP Billiton Escondida copper mine, 170 km (105 miles) southest of Antofagasta, Chile, is seen in this aerial welfare sketch performed February 10, 2010. REUTERS/BHPBillinton/Handout

The BHP Billiton Escondida copper mine, 170 km (105 miles) southest of Antofagasta, Chile, is seen in this aerial welfare sketch performed February 10, 2010.

Credit: Reuters/BHPBillinton/Handout

Factbox Factbox: Chile copper mines, oil refineries, ports strike by quakeSat, February twenty-seven 2010 Stocks & &

SANTIAGO (Reuters) - A absolute trembler that strike Chile on Saturday halted prolongation at dual oil refineries and dual vital mines in the world"s tip copper supplier, but exports of the steel will not be affected, officials said.

The 8.8-magnitude upheaval forced state mining association Codelco to hindrance operations at the El Teniente and Andina mines, and Mining Minister Santiago Gonzalez pronounced it could take dual days for prolongation to resume. Other Codelco operations were unaffected.

Gonzalez pronounced Codelco had sufficient bonds to be means to encounter the trade commitments, and a kinship personality pronounced the key copper ports of Antofagasta and Mejillones were handling normally, nonetheless the not as big copper pier of San Antonio was closed.

"Export commitments are going to be honored," Gonzalez told Reuters, adding that Codelco"s Caletones smelter had additionally been halted.

Anglo-American"s (AAL.L) Los Bronces and El Soldado mines, that together furnish about 280,000 metric tones of copper annually, additionally halted operations, but alternative vital mines were using as usual.

Most of Chile"s key mining industry is formed in the north of the country. The quake, that killed at slightest 147 people, struck in executive Chile, 70 miles northeast of the city of Concepcion.

REFINERIES

The earthquake, that tore up highways and bridges, additionally shop-worn dual oil refineries run by state oil association ENAP, and one central pronounced motor fuel imports were being stepped up to safeguard there were no shortages.

ENAP"s Aconcagua and Bio Bio refineries have a total enlightening genius of about 220,000 barrels per day.

ENAP ubiquitous physical education instructor Rodrigo Azocar pronounced the refineries had appetite supply problems and constructional repairs that "had together forced prolongation to be paralyzed."

He total that the association had sufficient gasoline bonds to last for dual weeks and sufficient motor fuel for 10 days.

"There won"t be any motor fuel supply problems for dual weeks," he told a internal air wave station.

Gonzalez pronounced it was still as well early to consider the turn of the repairs to Bio Bio, the greatest of ENAP"s 3 oil refineries, but that the incident should be transparent on Sunday.

El Teniente and Andina are Codelco"s second- and third-largest mines by production, with total annual outlay last year of 614,000 metric tones.

The mines suffered energy outages after the tremor, but there was no critical damage.

(Additional stating by Fabian Cambero and Monica Vargas; Writing by Helen Popper, modifying by Stuart Grudgings and Philip Barbara)

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