Codelco targets $2 billion gain from unifying Chilean copper mines
2026-05-21 15:16:40 [Print]
Codelco is aiming for a combined $2 billion in cost savings and extra revenue by merging the operations of three copper mines, as the Chilean state-owned miner seeks to counter the effects of flat production and growing debt.
The plan to integrate the Chuquicamata, Radomiro Tomic and Ministro Hales mines in the country's north was recently presented by management to Codelco's board.
The people said the plan foresees benefits starting to flow as early as 2027, driven by unified operational planning and shared processing facilities, potentially under a single management structure.
The plan to integrate the Chuquicamata, Radomiro Tomic and Ministro Hales mines in the country's north was recently presented by management to Codelco's board.
The people said the plan foresees benefits starting to flow as early as 2027, driven by unified operational planning and shared processing facilities, potentially under a single management structure.
Copper Conc. 25%min CIF China TC
Unit:USD/mt
China refined copper producers' inventory to production ratio statistics by province by month
Unit: %
