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Codelco to proceed with US$1.38B Rajo Inca development

Chile’s state copper company Codelco has approved the US$1.38 billion development of the Rajo Inca project at its Salvador division, which is expected to boost its production to 95,000 tonnes per year.
Codelco to proceed with US$1.38B Rajo Inca development Codelco to proceed with US$1.38B Rajo Inca development Codelco to proceed with US$1.38B Rajo Inca development Codelco to proceed with US$1.38B Rajo Inca development Codelco to proceed with US$1.38B Rajo Inca development

Codelco's Salvador operation in Chile

With 22 months of pre-stripping to be undertaken, production is scheduled for the second semester of 2022. Salvador produced about 60,000t of copper in 2020.

Optimisation of the project has reduced the initial capital required by 33% since the project was first contemplated in 2014, according to Codelco, with a focus on the tailings storage facility, the concentrating and hydrometallurgical plants, and re-use of mining equipment.

Rajo Inca represents a new lease of life for Codelco's Salvador division, which was threatened with closure in the past decades due to high costs. The new deposit will add 47 years to the operation's life. The deposit has exploitable reserves of 796 million tonnes grading 0.59% copper.