A powerful earthquake that hit Chile on Saturday halted production at two oil refineries and two major mines in the world’s top copper supplier, but exports of the metal will not be affected, officials said.
The 8.8-magnitude quake forced state mining company Codelco to halt operations at its El Teniente and Andina mines, and Chilean Mining Minister Santiago Gonzalez said it could take two days for production to resume. Other Codelco operations were unaffected.
Gonzalez said Codelco had enough stocks to be able to meet its export commitments and a union leader said the key copper ports of Antofagasta and Mejillones were operating normally, although the smaller copper port of San Antonio was closed.
“Export commitments are going to be honored,” Gonzalez said, adding that Codelco’s Caletones smelter had also been halted.
Anglo-American’s Los Bronces and El Soldado mines, which together produce about 280,000 tonnes of copper annually, also halted operations, but other major mines were running as usual.
Most of Chile’s key mining industry is based in the north of the country. The quake, which killed at least 147 people, struck in central Chile, 115km northeast of the city of Concepcion.
The earthquake, which tore up highways and bridges, also damaged two oil refineries run by state oil company ENAP, and one official said diesel imports were being stepped up to ensure there were no shortages.
ENAP’s Aconcagua and Bio Bio refineries have a combined refining capacity of about 220,000 barrels a day.
ENAP general manager Rodrigo Azocar said the refineries had energy supply problems and structural damage that “had together forced production to be paralyzed.”
He said the company had sufficient gasoline stocks to last for two weeks and enough diesel for 10 days.
“There won’t be any diesel supply problems for two weeks,” he told a local radio station.
Gonzalez said it was still too early to assess the level of the damage to Bio Bio, the biggest of ENAP’s three oil refineries, but the situation should be clear late yesterday.
El Teniente and Andina are Codelco’s second and third-largest mines by production, with combined annual output last year of 614,000 tonnes.
The mines suffered power outages after the temblor, but there was no serious damage.
A Codelco spokeswoman played down concerns that copper from the two mines would not be able to reach exporting ports. She said most of the damage to infrastructure had been south of the mines, so transport routes should not be affected.
“The real concern now is energy supply,” she said, referring to power blackouts caused by the tremor.
The combined effect of the monsoon, the outer rim of Typhoon Fengshen and a low-pressure system is expected to bring significant rainfall this week to various parts of the nation, the Central Weather Administration (CWA) said. The heaviest rain is expected to occur today and tomorrow, with torrential rain expected in Keelung’s north coast, Yilan and the mountainous regions of Taipei and New Taipei City, the CWA said. Rivers could rise rapidly, and residents should stay away from riverbanks and avoid going to the mountains or engaging in water activities, it said. Scattered showers are expected today in central and
COOPERATION: Taiwan is aligning closely with US strategic objectives on various matters, including China’s rare earths restrictions, the Ministry of Foreign Affairs said Taiwan could deal with China’s tightened export controls on rare earth metals by turning to “urban mining,” a researcher said yesterday. Rare earth metals, which are used in semiconductors and other electronic components, could be recovered from industrial or electronic waste to reduce reliance on imports, National Cheng Kung University Department of Resources Engineering professor Lee Cheng-han (李政翰) said. Despite their name, rare earth elements are not actually rare — their abundance in the Earth’s crust is relatively high, but they are dispersed, making extraction and refining energy-intensive and environmentally damaging, he said, adding that many countries have opted to
FORCED LABOR: A US court listed three Taiwanese and nine firms based in Taiwan in its indictment, with eight of the companies registered at the same address Nine companies registered in Taiwan, as well as three Taiwanese, on Tuesday were named by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) as Specially Designated Nationals (SDNs) as a result of a US federal court indictment. The indictment unsealed at the federal court in Brooklyn, New York, said that Chen Zhi (陳志), a dual Cambodian-British national, is being indicted for fraud conspiracy, money laundering and overseeing Prince Holding Group’s forced-labor scam camps in Cambodia. At its peak, the company allegedly made US$30 million per day, court documents showed. The US government has seized Chen’s noncustodial wallet, which contains
SUPPLY CHAIN: Taiwan’s advantages in the drone industry include rapid production capacity that is independent of Chinese-made parts, the economic ministry said The Executive Yuan yesterday approved plans to invest NT$44.2 billion (US$1.44 billion) into domestic production of uncrewed aerial vehicles over the next six years, bringing Taiwan’s output value to more than NT$40 billion by 2030 and making the nation Asia’s democratic hub for the drone supply chain. The proposed budget has NT$33.8 billion in new allocations and NT$10.43 billion in existing funds, the Ministry of Economic Affairs said. Under the new development program, the public sector would purchase nearly 100,000 drones, of which 50,898 would be for civil and government use, while 48,750 would be for national defense, it said. The Ministry of