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Codelco projects 'at risk' from price decline

Octavio Araneda, executive president of Chile’s state copper company Codelco, said the fall in copper prices to just over US$2/lb puts in jeopardy some of the company’s structural capital investment projects it needs to develop to ensure the long-term future of its older mining assets.

Codelco projects 'at risk' from price decline Codelco projects 'at risk' from price decline Codelco projects 'at risk' from price decline Codelco projects 'at risk' from price decline Codelco projects 'at risk' from price decline

A worker being scanned on entering a BHP facility in Chile

In an open letter to workers, he said the price decline and impact of the Covid-19 virus was "drastically affecting business and mining activity, which will have a very significant impact on the