August 8, 2018 / 2:59 PM / 3 months ago

Chile's Codelco announces $4.881 bln investment to convert Chuquicamata

Aug 8 (Reuters) - Chile’s state copper firm Codelco on Wednesday announced a $4.881 billion investment to convert its open cast Chuquicamata mine into an underground mine.

Codelco, the world’s top copper miner, said the investment would add to the $331 million it has already invested in converting the ageing mine, its second-largest. It said the investment would take place over the coming 74 months and was approved by its board in a meeting on Tuesday. (Reporting by Felipe Iturrieta and Aislinn Laing)

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