Rio Tinto, Panguna stakeholders to address mine legacy impacts at roundtable
The Panguna Mine Legacy Impact Assessment is expected to be published later this month.
Chilean state giant Codelco, the world’s biggest copper producer, plans to invest over US$4.3 billion this year, said the company’s president Diego Hernandez said on Tuesday, reports Minería Chilena.
At least US$2.2 billion will be allocated to key projects, such as Ministro Hales mine, the expansion of El Teniente and the underground portion of Chuquicamata, where a feasibility study is ongoing.
Hernandez said that the implementation of these projects will generate 16,200 jobs.
The company, which produced a record 1.735 million tons of copper in 2011, is facing a complex year production-wise, said Hernandez, adding that “it will be hard to match 2011 output.”
