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Codelco to rework Inca project due to costs

Costs overruns continue to batter Chile’s state copper company Codelco, with local media reporting the company sees a US$900 million overrun at its Rajo Inca project.

Codelco's Rajo Inca in Chile

Codelco's Rajo Inca in Chile

The overrun sees the company looking to reformulate the project as the cost overshot is beyond the tolerance range for the company, which initially budgeted $1.4 billion to develop the project. A previous...

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