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Exclusive: Chile's Codelco set for copper output hit as key mine goes underground
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Exclusive: Chile's Codelco set for copper output hit as key mine goes underground
Codelco's giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world's top copper miner as it scrambles to maintain output. Chile's President Sebastian Pinera is expected to formally cut the ribbon on the revamped copper mine, often referred to as 'Chuqui', in coming months.
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