Codelco, the world’s largest copper producer, reports a rebound in production with year-on-year increases in August and September. The company is focusing on partnerships and investment for future growth.
Codelco
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Chilean state-owned mining company Codelco is in talks to acquire a 10% stake in the Quebrada Blanca copper mine, a significant asset in northern Chile. The deal, estimated at $500 million, could bolster Codelco’s position as the world’s top copper producer and provide Enami, the current stake owner, with much-needed financial relief.
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Chile secured its lithium future with a major deal granting Codelco control of a joint venture with SQM. This move strengthens Codelco’s position in the lithium industry and positions Chile as a leader in lithium production, but faces challenges concerning transparency and environmental impact.
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Chile’s state copper company Codelco and lithium producer SQM have agreed to establish a roundtable with indigenous communities amid talks over a…