Top #Copper Miner Gets Reprieve as #Chile Signals More Funding
#Codelco’s prospect of remaining as the world’s biggest #Copper miner received a boost on Thursday as #Chile signaled it will increase funding for the state company to overhaul aging mines and head off a slump in output.
Chile is already investing a lot in Codelco and will have to provide “slightly more” as a law that gives 10 percent of its sales to the military drains reserves, Finance Minister Rodrigo Valdes said in an interview in #NewYork. A funding decision is scheduled for next month.
Read more at: http://www.bloomberg.com/news/articles/2016-10-20/biggest-copper-miner-gets-reprieve-as-chile-signals-more-funding