Codelco will need more capital for 2017 investment plans -CEO

martes 5 de abril de 2016 11:08 GYT
 

LONDON, April 5 (Reuters) - State-owned Chilean copper miner Codelco will need to raise more capital for investment next year, the company's chief executive Nelson Pizarro acknowledged on Tuesday.

When asked if the company would issue debt, Pizzaro said "yes".

The government has promised Codelco $800 million, but the company needs $3 billion for its 2017 capital expenditure plans.

(Reporting by Felipe Iturrieta; Editing by Franklin Paul)