Mining News
Chile state-run miner Codelco earmarks $4.1 bln in investments this year
SANTIAGO, Sept 5 (Reuters) - Chilean state-run miner Codelco will need to invest $4.1 billion this year, the company said in a statement on Tuesday, as the company ramps up development on new projects.
Codelco launched a bond offering in New York earlier in the day for 10-year and 30-year bonds, which it will use to help finance this year's capital expenditures, the miner added. (Reporting by Fabian Cambero; Writing by Kylie Madry; Editing by Steven Grattan)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
