Codelco to invest $720m in Chuquicamata copper mine
Chile's State-owned Codelco, the world's leading copper miner, is planning to invest an extra $720-million in the revamp of one of its copper mines.
The company has proposed a series of modifications to the original Chuquicamata underground project, aiming to reach the authorized production rate of 140 000 metric tons per day.
The proposal is detailed in a document posted on the Environmental Assessment Service (SEA), and the revisions are currently pending environmental approval.
The proposed operational changes, both underground and at the surface level, "will not alter the extraction and processing speeds originally authorized for the Project", Codelco added in the impact statement submitted to the authorities.
The firm's new CEO, Ruben Alvarado, is spearheading efforts to ramp up production levels. Codelco is set to end the year with around 1.315 million metric tons, which is at the lower end of the estimated range. However, Alvarado expects production to increase in 2024 to around 1.34 million metric tons.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation