Codelco Weighs Fate of Marginal Copper Assets in Strategy Shift

Codelco is scrutinizing operational and investment options for the coming years as some officials at the Chilean state copper behemoth push for a shift toward prioritizing profit over production.

Annual planning sessions this year include a review of options for marginal assets, such as its lowest quality mine, Gabriela Mistral, and century-old smelter Potrerillos, said people with knowledge of the matter. No decisions have been been made and the company may opt to proceed with existing plans for the assets, especially with copper prices at record highs.