Codelco to invest $5B in 2013

Mar 06, 2013 | 11:00 AM | Carolina Guerra

Tags  Chile, copper, Codelco, investments, Metal Bulletin, Carolina Guerra

SÃO PAULO — Chilean copper producer Corporación Nacional del Cobre de Chile (Codelco) will invest more than $5 billion in 2013, exceeding last year’s record spending of $4.16 billion, which was short of a $4.3-billion target, the company said.

Of this year’s budget, $2.89 billion will be used in structural projects, primarily to extend the life span of its current mines. ....

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