Chilean govt to inject $4bn in Codelco

Chilean govt to inject $4bn in Codelco

Chile Economy & Policy Corporate & Sovereign Strategy Equity Project & Infrastructure Finance

Chile’s government is planning to inject $4bn into state-run copper company Codelco over the next four years. Codelco, the world’s top copper producer, is in need of heavy investment to keep ore output steady. Under a bill sent to congress, the government would inject $3bn from the national budget, and the remaining $1bn would come from the company’s profits. It is expected to pass quickly, as Michelle Bachelet’s government has a majority. “We’re sending a signal that we are strengthening our co

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