Codelco, the world's largest copper miner, aims to reverse a production slump despite a $20 billion debt. New CEO Rubén faces challenges with delays on key projects. Industry experts suggest consolidation to increase copper output.
Consolidating copper miners could boost much-needed output, says industry boss Small number of big groups could lift supplies of metal vital for clean energy transition, according to Freeport CEO https://t.co/94eLNyqQMy
Chilean state-owned Codelco, the world’s biggest copper miner, sees production plunge to 1.325M tonnes in 2023, the lowest in 25 years Firm faces delays on four major projects needed to extend the life of its ageing mines as it struggles with $20B debt load New CEO Rubén… https://t.co/DrfmLiKUc1 https://t.co/4S02jeBtNW
World’s biggest copper miner insists it can reverse production slump https://t.co/Ly5RboulzG
“Codelco’s structural problem is that . . . it has been dramatically underinvested throughout its history, spending far less than a normal mining company on both maintenance and expansion.” https://t.co/oQjDL6MxM2 @minenergybiz #copper #MiningCommunity #energy #EnergyTransition… https://t.co/Abb7XM3r8R https://t.co/wA5X4ajEXs
#Chile: The new boss of Codelco, the world’s biggest copper miner, insisted the Chilean state-owned group would reverse a severe production slump this year, even as it struggles with a $20bn debt pile. https://t.co/9kGSezNqPK