• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

Codelco to complete $27 billion investment by 2016

  • A
  • A
  • A
National Copper Corporation of Chile (Codelco), the world’s largest copper producer will increased the investment by US$8 billion during 2012 and 2016 due to higher costs. The total investment will reach US$27 billion.

The company stated that it planned to increase the investment as the costs of some organization project was estimated to rise by US$5 billion during 2012 and 2016.

In addition, the costs of some developing projects have surged substantially. For instance, the investment of underground mines in Chuqui increased to US$3.7 billion and the investment of Radomiro Tamic Fase II rose to US$5 billion.
News Date 10 May 2012 12:01:11 reported by Ruth Wang

Taiwan’s CSC post 614% jump in H1 pre-tax income...
Finance and economy
21 Feb 2017 10:05
Bluescope Steel announces its profits rise signifi...
Finance and economy
20 Feb 2017 11:12
ArcelorMittal’s South American company to improve ...
Finance and economy
17 Feb 2017 12:04
Hyundai Steel announces its 2016 net profits up ...
Finance and economy
15 Feb 2017 11:57
Chinese steel exports hit a record low in Jan 2017...
Finance and economy
13 Feb 2017 14:42
Most Popular