Codelco Eyes Partnerships to Help Boost Ailing Copper Production [Financial Post (Toronto, Ontario, Canada)]
Freeport-McMoRan, Inc. (FCX)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Codelco is exploring more partnerships with the private sector as Chile's state copper behemoth looks to recover from a production slump and surging debt. Chairman Maximo Pacheco expects “some conclusions” this year from teams negotiating an operational tie-up between its Andina mine and Anglo American Plc's adjoining Los Bronces, he said Monday in an interview. Codelco already has an indirect stake in Los Bronces, shares ownership of the El Abra mine with Freeport-McMoRan Inc. and is negotiating with would-be lithium partners. Article content Article content “New projects and new partnerships are part of the essence of what we do in Codelco,” Pacheco told Bloomberg from Santiago, which is hosting one of the world's largest copper industry events — Cesco Week and CRU's World Copper Conference. While there's no talk of private sector ownership
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