Massive Earthquake Hits Chile

By Jose Luis Saavedra

One of the world’s most powerful earthquakes in a century battered Chile on Saturday, killing at least 214 people, knocking down buildings and triggering a tsunami that threatened Pacific coastlines as far away as Hawaii and Japan.

Codelco, the world’s largest copper producer, suspended operations at its El Teniente and Andina mines, but reported no major damage and said it expected the mines to be up and running in the “coming hours.”

Production was halted at the Los Bronces and El Soldado copper mines, owned by Anglo American Plc, but Chile’s biggest copper mine, Escondida, was operating normally.

Chile produces about 34 percent of world supply of copper, which is used in electronics, cars and refrigerators.

Continue reading Massive Earthquake Hits Chile, 214 Dead

Related articles:

Chile Quake Sends Copper Prices Higher
BBC News (1 March 10)

GS Recommends Going Long Copper, Currently at 286.80
Automated Trader (5 Feb 10)

Tsunami Warning After Undersea Earthquake Near Japan
Guardian.co.uk (26 Feb 10)

6.9 Magnitude Earthquake Rattles Okinawa, Little Damage
Examiner.com (26 Feb 10)

Strong Earthquake Hits Chile, Tsunami Warning Issued in Region
YouTube