Codelco Eyes Partnerships to Help Boost Ailing Copper Production
- Chairman expects ‘conclusions’ this year in Anglo mine talks
- He says developing four projects at once ‘was not a good idea’
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Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a production slump and surging debt.
Chairman Maximo Pacheco expects “some conclusions” this year from teams negotiating an operational tie-up between its Andina mine and Anglo American Plc’s adjoining Los Bronces, he said Monday in an interview. Codelco already has an indirect stake in Los Bronces, shares ownership of the El Abra mine with Freeport-McMoRan Inc. and is negotiating with would-be lithium partners.