Codelco Needs Private Partners to Halt Output Decline
Chilean state miner Codelco requires private partnerships to prevent further production declines. Chairman Bernardo Fontaine noted the firm lacks capital and capacity to develop unexploited concessions.
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Chile's state-owned miner Codelco warned Monday that Copper output will keep falling without private partnerships. The warning follows production lows between 2022 and 2023 driven by project delays and accidents. Without external capital, the firm cannot develop one million hectares of unexploited mining concessions.
