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CHILE: Codelco Eyeing Joint Copper Investment with Saudi Arabia

CHILE
BulletEM BulletEmerging Market News
  • ”CODELCO CHAIRMAN SAYS IN TALKS WITH SAUDI ARABIA OVER POTENTIAL JOINT INVESTMENT OPPORTUNITIES IN COPPER” (Reuters)
  • From the report:
  • Chile's Codelco, the world's largest copper producer, is in talks with Saudi Arabia over potential joint investments in the metal, the company's chairman told Reuters in an interview on Friday. On Codelco's output, Chairman Maximo Pacheco said the company's own production for 2025 was expected to rise by about 70,000 metric tons to around 1.4 million tons.
  • Pacheco said the state-owned company had been in discussions with Saudi Arabia as there was a clear need on both sides to add value. "We would be very open to considering joint investment opportunities," said Pacheco in an interview following a gathering of miners for the kingdom's annual Future Minerals Forum.
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  • ”CODELCO CHAIRMAN SAYS IN TALKS WITH SAUDI ARABIA OVER POTENTIAL JOINT INVESTMENT OPPORTUNITIES IN COPPER” (Reuters)
  • From the report:
  • Chile's Codelco, the world's largest copper producer, is in talks with Saudi Arabia over potential joint investments in the metal, the company's chairman told Reuters in an interview on Friday. On Codelco's output, Chairman Maximo Pacheco said the company's own production for 2025 was expected to rise by about 70,000 metric tons to around 1.4 million tons.
  • Pacheco said the state-owned company had been in discussions with Saudi Arabia as there was a clear need on both sides to add value. "We would be very open to considering joint investment opportunities," said Pacheco in an interview following a gathering of miners for the kingdom's annual Future Minerals Forum.