Codelco will be capitalized with up to $4 billion - Chile govt

viernes 1 de agosto de 2014 11:20 GYT

SANTIAGO Aug 1 (Reuters) - Codelco, the world's biggest copper producer, will be financed with up to $4 billion to 2018, the majority through debt issuance, Chile's finance minister said on Friday.

The state-run copper firm, which has an ambitious investment plan to upgrade its aging mines, will receive around $3 billion via treasury-issued debt and around $1 billion from returned profits, said Alberto Arenas.

(Reporting by Felipe Iturrieta)