Chile’s Codelco to issue $2.5 billion in bonds amid copper prices collapse

Chile’s Codelco to issue $2.5 billion in bonds amid copper prices collapse&

A new mine level being constructed at Codelco’s El Teniente will extend the mine’s life by 50 years.

Chile’s Codelco, the world’s No.1 copper producer, is about to issue a bond deal of up to $2.5 billion over the coming weeks, although it is not clear yet whether it would be in U.S. dollars or Euros, mine minister Aurora Williams said Thursday.

Read more at: http://www.mining.com/chiles-codelco-to-issue-2-5-billion-in-bonds-amid-copper-prices-collapse/

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