Codelco Misses Copper Production Target for Seventh Year, Rules Out Pre-Pandemic Recovery by 2030
Chilean state copper miner Codelco will miss its production target for a seventh consecutive year, chairman Bernardo Fontaine said Tuesday, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade.
Previous administrations set overly optimistic targets that were undermined by project setbacks, Fontaine told Radio Infinita. The miner’s management acknowledged that production will face another difficult year, with no specific production figures or revised targets provided.
From the sources (2 posts)
@staunovoCodelco Chairman Bernardo Fontaine said the Chilean state copper behemoth faces another difficult year for production, effectively ruling out a longstanding goal of returning to pre-pandemic output levels by the end of the decade. Under pr
@matthewlefCodelco Rules Out Meeting Copper Goals as It Faces Tough Year