Codelco seeks $1 bln cost cuts in face of falling copper price
SANTIAGO Jan 30 (Reuters) - World No.1 copper miner Codelco said it was launching a plan of cost cuts following the recent sharp drop in the price of the base metal.
The Chilean state-run copper miner would aim to reduce costs in 2015 by $1 billion, its chief executive Nelson Pizarro said on Friday. (Reporting by Fabian Cambero)
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