Codelco forges ahead with investments

Codelco forges ahead with investments

Corporate & Sovereign Strategy Debt Bonds Chile

Chilean copper miner Codelco is pressing ahead on expansion projects to boost production after posting a surge in profits last year, chairman Juan Benavides said Friday. The state-owned company expects to invest $1.4 billion to build Rajo Inca, a project that will increase the copper output from its aging Salvador division by 50% to 90,000 metric tons per year from 2023, Benavides said in a statement. The effort comes after the company saw its profits more than double to $7.4 billion in 2021, th

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