Chile Focuses on Codelco Turnaround, Not Quick Privatization Fix

Chile’s new right-wing government said it’s focused on improving performance at state copper giant Codelco rather than trying to introduce private capital or sell assets.

“Codelco’s ownership is established in the Constitution, and any change would require a national decision that goes beyond any particular government,” Finance Minister Jorge Quiroz said. “For now, we are focused on improving performance.”