Codelco sees annual copper output rising to 2mt

摘要

Chilean state-run copper miner Codelco expects its annual copper production to reach about 2mt by 2026 as it invests $US25 billion in new mines and expansion projects to boost output. Codelco produced 1.67mt of copper in 2014 from its 100%-owned mines, but its position as the world's No. 1 producer is being threatened by declining ore grades, high energy costs, and permitting delays for new projects.