Disir
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- Sep 30, 2011
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Chile’s state miner Codelco, the world’s no.1 copper producer, has approved a $1.383 billion underground expansion of its Salvador mine, which will extend the productive life of the aging operation by 40 years and increase output by 30%.
The Rajo Inca project comes at a price tag 33% lower than the original 2014 estimate, thanks to the optimization of existing infrastructure and processes, Codelco said.
The expansion will convert Salvador, in operation since 1959, from an underground mine to an open-pit one.
All of their revenue is handed over to the state. As it should be.
The Rajo Inca project comes at a price tag 33% lower than the original 2014 estimate, thanks to the optimization of existing infrastructure and processes, Codelco said.
The expansion will convert Salvador, in operation since 1959, from an underground mine to an open-pit one.
Codelco okays $1.4bn plan to expand Salvador mine
It will convert Salvador, in operation since 1959, from an underground copper mine to an open-pit.
www.mining.com
All of their revenue is handed over to the state. As it should be.