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Chilean copper plans to invest about $3.8 billion in 2017 and continue to cut costs

 Last Update: 2022-12-03
 Source: Internet
 Author: User

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Nelson Pizarro, CEO of Codelco, the world's largest producer, said in an interview that the company plans to invest about $3.
8 billion in 2017 and further reduce costs
.
The interview was published
on Sunday.

Pizarro told the Chilean newspaper El Mercurio: "Of this, $3.
143 billion will be spent on projects and $651 million on mine development; Investments in 2016 amounted to nearly USD 3 billion
.
”

Codelco will make expanding the Chuquicamata mega mine a priority, while Andina's expansion with Radomiro Tomic will be delayed
, he said.
He noted that projects considered the most profitable will be given priority
.

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