Codelco says it will wait to evaluate financing for El Abra expansion
The El Abra mine in northern Chile. (Credit: Consejo Minero)
Chile’s state-run copper firm Codelco will await feasibility studies about expanding the El Abra mine before evaluating a financing strategy for the joint owned project, Codelco chairman Maximo Pacheco said on Wednesday.
US miner Freeport McMoran, which owns 51% of the mine, plans to invest around $7.5 billion to expand.
(By Fabian Cambero and Daina Beth Solomon)
More News
Peru mining chamber sees copper output up 2-4% this year
That would put Peru's copper production between 2.79 million and 2.85 million metric tons.
April 09, 2025 | 02:53 pm
Aurubis to ramp up new US copper recycling facility
Aurubus has invested $800 million building the project, which took four years.
April 09, 2025 | 02:50 pm
Trump says he does not want to see US Steel go to Japan
The comment appeared to contradict recent actions by the Trump administration.
April 09, 2025 | 02:49 pm
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments