INTERNATIONAL COPPER: Codelco to create foreign investment subsidiary

Chilean state-owned copper miner Codelco plans to set up a subsidiary company later this year to explore mining opportunities in nearby countries, vp of business development Rodrigo Toro said at the Metal Bulletin International Copper conference in Hamburg on Thursday March 15.

The company is interested in investing in mining opportunities in neighbouring countries such as Colombia and Ecuador, Toro said. “We will not have spare capacity to do massive investment elsewhere, but we will look at nearby countries,” he told conference delegates. Establishing a subsidiary is a necessary...

Published

Mark Burton

March 19, 2012

09:06 GMT

Hamburg