Iron ore shipments by Chile's CAP drop 42.6% in Q1 due to port suspension

Chile's Compañía de Acero del Pacífico (CAP) posted a nearly 50% year-on-year decline in first-quarter iron ore shipping volumes due to the suspension of iron ore at the Puerto Guacolda II port, the steel and iron ore producer said last week.

CAP was forced to halt operations at the Puerto Guacolda II port, in Huasco, a city in Chile's Atacama Region, after a deadly accident occurred in a shiploader in November 2018. As a result, iron ore shipments by Compañía Minera del Pacífico (CMP) - CAP's 75%-owned subsidiary - totaled 1.86 million tonnes from January to March, down from 3.24 million tonnes a year earlier. The company plans to start operations in...

Published

Felipe Peroni

May 13, 2019

22:23 GMT

São Paulo