Saudi Arabia to visit Brazil and Chile as seeks to diversify mining
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
Chilean President Gabriel Boric on Wednesday named former energy minister Maximo Pacheco as the new board chairman for state-owned miner Codelco, the world’s largest copper producing company.
Pacheco held the role of energy minister from 2014 to 2016 during socialist ex-President Michelle Bachelet’s administration, according to a government statement. He was also the executive vice president of operations at Codelco and was until 2019 a member of the board at public television station TVN.
Former Codelco chairman Juan Benavides resigned earlier in March, two months before completing his four-year term.
(By Alexander Villegas, Natalia Ramos and Anthony Esposito; Editing by Aurora Ellis)
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