Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
The head of Codelco’s Chuquicamata copper mine, Christian Caviedes, will step down from his role on Friday, the state copper producer said in a filing on Thursday.
He will be replaced on an interim basis by the mine’s operations manager, Rene Galleguillos. Codelco is currently undertaking a $5 billion project to transform the open-pit mine into an underground operation.
(By Daina Beth Solomon and Fabian Cambero; Editing by Kylie Madry)
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