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Chile’s state copper company Codelco has cancelled a contract with the contractor undertaking pre-stripping works at the US$1.4 billion Rajo Inca deposit at its Salvador division due to being a year behind schedule.
Codelco's Rajo Inca in Chile
The company said contractor Consorcio Belaz Movitec (CBM), a Chilean-Belorussian consortium, which won a tender process in March 2021, repeatedly failed to comply with contractual and safety
Construction work started in May last year
Codelco resumes development project work
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