Codelco Restructuring May Face Delay

Chilean miner Codelco indicates its major restructuring strategy may be delayed until late 2026. The turnaround plan addresses production and mounting costs.

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FILE PHOTO: A drone view shows the entrance to Codelco's El Teniente copper mining complex in Maitenes, Chile August 1, 2025. REUTERS/Pablo Sanhueza/File Photo

Chile state-owned Copper giant Codelco may delay its restructuring plan until late 2026, pushing back a turnaround strategy designed to address years of stagnant production and mounting costs. The overhaul was originally expected as soon as October, according to the company.

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