Codelco May Raise $2.5 Billion in Bonds, Loans to Fund Mines
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Codelco, the world’s largest copper producer, may raise as much as $2.5 billion in bonds and loans by the end of 2012 to fund record spending on its mines in Chile.
The Chilean state-owned company may sell more than $1 billion in bonds, Chief Executive Officer Diego Hernandez said today in an interview at Bloomberg’s office in Melbourne.