Chile injects $1bn into state-owned copper giant Codelco
The figure, though significant, is minor when taken in the context of Codelco’s $18 billion investment plan aimed at upgrading its aging mines and dealing with dwindling ore grades.
Keith Phillips, a managing director and head of Cowen & Company's Mining Investment Banking Group, says strong companies with solid balance sheets are on the hunt for precious metals development projects or small producers trading at steep discounts.
HIgh-grade maiden resource for 1 of 4 deposits Highland Copper wants to combine to restart mining in region where copper production dates back to 1845.