Chile’s Codelco, the world’s biggest copper producer, is "perfectly well financed" for the next two years as it pushes forward with its largest-ever drive to revitalize its aging mines, chairperson Juan Benavides said on Wednesday.
State-owned Codelco, which produces nearly one-tenth of the world’s copper, is set to shell out $40-billion in ten years to overhaul its century-old Chuquicamata and El Teniente mines, among others.