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Codelco's debt, growth strategies questioned

Chile’s state copper company Codelco faces one of the toughest moments in its 52-year history, including a 50% cost overruns at its $32 billion portfolio of structural projects, and debt forecast to balloon to US$30 billion, according to a report from copper studies centre, Cesco.

Codelco faces debt questions

Codelco faces debt questions

The structural projects were conceived in 2010 to extend the operability of several Codelco operations for decades and reverse its declining production profile. Codelco has guided 2023 production of between...

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