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

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