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Codelco projects 'at risk' from price decline

Octavio Araneda, executive president of Chile’s state copper company Codelco, said the fall in copper prices to just over US$2/lb puts in jeopardy some of the company’s structural capital investment projects it needs to develop to ensure the long-term future of its older mining assets.

Paul Harris
A worker being scanned on entering a BHP facility in Chile

A worker being scanned on entering a BHP facility in Chile

In an open letter to workers, he said the price decline and impact of the Covid-19 virus was "drastically affecting business and mining activity, which will have a very significant impact on the country's...

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