CESCO: Codelco sees room for further cost-cutting – ceo

Codelco, the world’s largest copper producer, intends to increase its productivity by 20% by 2020, and continues to be strongly committed to reducing costs, according to its ceo.

The Chilean state-owned miner, which reported savings of nearly $1 billion from 2014 to 2016, sees plenty of room for further cost-cutting, ceo Nelson Pizarro told delegates at CRU’s 16th world copper conference in Santiago, Chile. The company expects to make total cost savings...


Danielle Assalve

April 04, 2017

15:12 GMT