The El Abra mine in northern Chile. (Credit score: Consejo Minero)
Chile’s state-run copper agency Codelco will await feasibility research about increasing the El Abra mine earlier than evaluating a financing technique for the joint owned challenge, Codelco chairman Maximo Pacheco stated on Wednesday.
US miner Freeport McMoran, which owns 51% of the mine, plans to speculate round $7.5 billion to broaden.